AI Terminal
Belysse Group NV
Declaration of Voting Results & Voting Rights Announcements • Jun 28, 2019
3918_mrq_2019-06-28_e002eb2f-5bf9-459b-908f-d0ce209bc2b5.pdf
Declaration of Voting Results & Voting Rights Announcements
Open in ViewerOpens in native device viewer
Sint-Baafs-Vijve, 28 June 2019, 5.40pm CET Regulated information For immediate publication
PUBLICATION OF A TRANSPARENCY NOTIFICATION
1. Summary of the notification
Balta Group NV, listed on Euronext Brussels (the "Company"), has received a transparency notification dated 24 June 2019, indicating that LSF9 Balta Holdco S.à r.l. now holds as from 21 June 2019, 54.64 % of the voting rights of the Company. The disposal of shares forms part of the management incentive plan arrangements, implemented at the time of the IPO of the Company, in which LSF9 Balta Holdco S.à r.l., on behalf of LSF9 Balta Midco S.à r.l., agreed to transfer 935.635 shares to certain existing and former senior managers of the Balta group ("Management") subject to certain conditions. Given that these conditions have been fulfilled, the final part of the shares vested and were transferred to Management, causing the threshold of 55% to be crossed downward.
This publication is made by the Company pursuant to the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in issuers whose shares are admitted to trading on a regulated market.
2. Content of the notification
The aforesaid notification dated 24 June 2019 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
- Lone Star Capital Investments S.à r.l., Atrium Business Park-Vitrum, 33 rue du Puits Romain, 8070 Bertrange (Grand Duchy of Luxembourg)
- LSF9 Balta Holdco S.à r.l., Atrium Business Park-Vitrum, 33 rue du Puits Romain, 8070 Bertrange (Grand Duchy of Luxembourg)
- Transaction date: 21 June 2019
- Threshold that is crossed (in %): 55%
- Denominator: 35,943,396
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 |
Not linked to the securities |
Linked to securities |
Not linked to the securities |
|
| Lone Star Capital Investments S.à r.l. |
0 | 0 | 0 | 0,00% | 0,00% |
| LSF9 Balta Holdco S.à r.l. | 20.303.957 | 19.640.516 | 0 | 54,64% | 0,00% |
| TOTAAL | 19.640.516 | 0 | 54.64% | 0.00% |
Chain of controlled undertakings through which the holding is effectively held
Lone Star Capital Investments S.à r.l. is the indirect and ultimate shareholder of LSF9 Balta Holdco S.à r.l.
Chain of control: (i) LSF9 Balta Holdco S.à r.l. is controlled by LSF9 Balta Midco S.à r.l., (ii) LSF9 Balta Midco S.à r.l. is controlled by LSF9 Balta Topco S.à r.l and (iii) LSF Balta Topco S.à r.l. is controlled by Lone Star Capital Investments S.à r.l.
Additional information
As part of the Management Incentive Plan ("MIP") arrangements implemented at the time of the IPO of Balta Group NV, LSF9 Balta Holdco S.à r.l. agreed, on behalf of LSF9 Balta Midco S;à r.l., to transfer to certain existing and former senior managers of the group ("Management") 935.635 shares, subject to certain conditions. Given that the conditions have been fulfilled, the final part of the shares vested and were transferred to Management, causing LSF9 Balta Holdco S.à r.l. to cross the 55 % threshold as set out in this transparency declaration.
3. Miscellaneous
- This press release may be consulted on the website of the Company via the link www.baltagroup.com
- For further information, please contact:
Investors: [email protected]
Media: Geert Vanden Bossche – Marketing Director
About Balta Group NV
Balta is a leading manufacturer of textile floor coverings, selling to over 130 countries worldwide. The Balta divisions are Balta Rugs (Balta home), Balta Residential Carpets & Tiles (under the brands Balta carpets, ITC and Balta carpet tiles), Balta Commercial Carpets & Tiles (under the brands modulyss, arc edition and Bentley), and Balta Non-Woven (under the brand Captiqs). With the addition of Bentley, Balta employs nearly 4,000 people in 10 manufacturing sites and distribution centres in Belgium, Turkey and the United States.