AI Terminal
Titan S.A.
Major Shareholding Notification • May 21, 2025
4014_rns_2025-05-21_3c847af4-117e-4b61-bac4-121acbb7a74f.pdf
Major Shareholding Notification
Open in ViewerOpens in native device viewer
PUBLICATION OF A TRANSPARENCY NOTIFICATION
(Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings)
Brussels, 21 May 2025, 17:30 CEST - Titan SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) today announces that it has received the following transparency notifications.
(1) A transparency notification dated May 16, 2025, indicating that on May 12, 2025, Fidelity Management & Research Company LLC crossed downwardsthe 5% threshold. The aggregate shareholdings stand at 6.32%.
The notification contains the following information:
| Reason for the notification | Acquisition or disposal of voting securities or voting rights |
|---|---|
| Notification by | A parent undertaking or a controlling person |
| Persons subject to the notification requirement |
FMR LLC, The Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware, 19801 |
| Transaction date | 12 May 2025 |
| Threshold that is crossed | 5% |
| Denominator | 78,325,475 |
| Chain of controlled undertakings through which the holding is effectively held |
FIAM LLC and Fidelity Institutional Asset Management Trust Company are controlled by FIAM Holdings LLC. |
| FIAM Holdings LLC and Fidelity Management & Research Company LLC are controlled by FMR LLC. |
|
| FMR LLC is not a controlled undertaking. | |
| Additional Information | The holdings attributed to the entities mentioned in heading 10 arise from holdings of various undertakings for collective investment that are managed by FIAM LLC, Fidelity Institutional Asset Management Trust Company, and Fidelity Management & Research Company LLC, each of which are entities that are subsidiaries of and controlled by FMR LLC. The entities mentioned in heading 10 are the discretionary investment managers and exercise the voting rights at their discretion in the absence of specific instructions. |
| 5% Threshold crossed downwards in ordinary shares by Fidelity Management & Research Company LLC |
Notified details:
| A) Voting rights | Previous notification | After the transaction | |
|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | |
| Holders of voting rights | Linked to securities | Linked to securities | |
| FMR LLC | 0 | 0 | 0.00% |
| FIAM LLC | 3,326 | 386 | 0.00% |
| Fidelity Institutional Asset Management Trust Company |
1,069,100 | 950,108 | 1.21% |
| Fidelity Management & Research Company LLC |
6,754,996 | 3,899,911 | 4.98% |
| Subtotal | 7,827,422 | 4,850,405 | 6.19% |
| Total | 4,850,405 | 6.19% |
| B) Equivalent financial instruments |
After the transaction | |||||
|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument |
Expiration date |
Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
Settlement |
| Fidelity Management & Research Company LLC |
Stock Loan | 100,000 | 0.13% | physical | ||
| Total | 100,000 | 0.13% |
| TOTAL (A & B) | # of voting rights | % of voting rights |
|---|---|---|
| 4,950,405 | 6.32% |
(2) A transparency notification dated May 19, 2025, indicating that on May 13, 2025, Fidelity Management & Research Company LLC crossed downwardsthe 5% threshold. The aggregate shareholdings stand at 6.17%.
The notification contains the following information:
| Reason for the notification | Acquisition or disposal of voting securities or voting rights |
|---|---|
| Notification by | A parent undertaking or a controlling person |
| Persons subject to the notification requirement |
FMR LLC, The Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware, 19801 |
|---|---|
| Transaction date | 13 May 2025 |
| Threshold that is crossed | 5% |
| Denominator | 78,325,475 |
| Chain of controlled undertakings through which the holding is effectively held |
FIAM LLC and Fidelity Institutional Asset Management Trust Company are controlled by FIAM Holdings LLC. |
| FIAM Holdings LLC and Fidelity Management & Research Company LLC are controlled by FMR LLC. |
|
| FMR LLC is not a controlled undertaking. | |
| Additional Information | The holdings attributed to the entities mentioned in heading 10 arise from holdings of various undertakings for collective investment that are managed by FIAM LLC, Fidelity Institutional Asset Management Trust Company, and Fidelity Management & Research Company LLC, each of which are entities that are subsidiaries of and controlled by FMR LLC. The entities mentioned in heading 10 are the discretionary investment managers and exercise the voting rights at their discretion in the absence of specific instructions. 5% Threshold crossed downwards in ordinary shares by Fidelity Management & Research Company LLC |
Notified details:
| A) Voting rights | Previous notification | After the transaction | ||
|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | ||
| Holders of voting rights | Linked to securities | Linked to securities | ||
| FMR LLC | 0 | 0 | 0.00% | |
| Fidelity Management & Research Company LLC |
3,899,911 | 3,793,708 | 4.84% | |
| FIAM LLC | 386 | 386 | 0.00% | |
| Fidelity Institutional Asset Management Trust Company |
950,108 | 927,908 | 1.18% | |
| Subtotal | 4,850,405 | 4,722,002 | 6.03% | |
| Total | 4,722,002 | 6.03% |
| B) Equivalent financial instruments |
After the transaction | |||||
|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument |
Expiration date |
Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
Settlement |
| Fidelity Management & Research Company LLC |
Stock Loan | 113,000 | 0.14% | physical | ||
| Total | 113,000 | 0.14% |
| TOTAL (A & B) | # of voting rights | % of voting rights |
|---|---|---|
| 4,835,002 | 6.17% |
- ⎯ This press release may be consulted on the website of Titan SA via this link https://ir.titanmaterials.com/en/regulatory-stock-exchange-announcements
- ⎯ The notifications may be consulted on the website of Titan SA via this link https://ir.titanmaterials.com/en/shareholder-center/shareholder-structure
- ⎯ For further information, please contact Investor Relations at +30 210 2591 257
About Titan Group
TITAN Group is a leading international business in the building and infrastructure materials industry, with passionate teams committed to providing innovative solutions for a better world. With most of its activity in the developed markets, the Group employs over 5,700 people and is present in over 25 countries, holding prominent positions in the US, Europe, including Greece, the Balkans, and the Eastern Mediterranean. The Group also has joint ventures in Brazil and India. With a 120-year history, TITAN has always fostered a family-and entrepreneurial-oriented culture for its employees and works tirelessly with its customers to meet the modern needs of society while promoting sustainable growth with responsibility and integrity. TITAN has set a net-zero goal for 2050 and has its CO₂ reduction targets validated by the Science Based Targets initiative (SBTi). The company is listed on Euronext and the Athens Exchange. For more information, visit our website at www.titanmaterials.com.