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Covestro AG
Declaration of Voting Results & Voting Rights Announcements • Mar 8, 2024
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Declaration of Voting Results & Voting Rights Announcements
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Voting Rights Announcements | 8 March 2024 14:34
Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
Covestro AG
Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
08.03.2024 / 14:34 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Notification of Major Holdings
1. Details of issuer
| Name: | Covestro AG |
| Street: | Kaiser-Wilhelm-Allee 60 |
| Postal code: | 51373 |
| City: | Leverkusen Germany |
| Legal Entity Identifier (LEI): | 3912005AWHKLQ1CPLV11 |
2. Reason for notification
| Acquisition/disposal of shares with voting rights | |
| X | Acquisition/disposal of instruments |
| Change of breakdown of voting rights | |
| X | Other reason: voluntary group notification with triggered threshold on subsidiary level |
3. Details of person subject to the notification obligationLegal entity: Bank of America Corporation
City of registered office, country: Wilmington, DE , United States of America (USA)
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:05 March 2024
6. Total positions
| % of voting rights attached to shares (total of 7.a.) |
% of voting rights through instruments (total of 7.b.1 + 7.b.2) |
Total of both in % (7.a. + 7.b.) |
Total number of voting rights pursuant to Sec. 41 WpHG | |
| New | 2.32 % | 6.22 % | 8.54 % | 189000000 |
| Previous notification | 2.34 % | 5.05 % | 7.38 % | / |
7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
| ISIN | Absolute | In % | ||
| Direct (Sec. 33 WpHG) |
Indirect (Sec. 34 WpHG) |
Direct (Sec. 33 WpHG) |
Indirect (Sec. 34 WpHG) |
|
| DE0006062144 | 0 | 4031324 | 0.00 % | 2.13 % |
| US22304D2071 | 0 | 345180 | 0.00 % | 0.18 % |
| Total | 4376504 | 2.32 % |
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
| Type of instrument | Expiration or maturity date | Exercise or conversion period | Voting rights absolute | Voting rights in % |
| Right to Recall | n/a | n/a | 124660 | 0.07 % |
| Rights of Use | n/a | n/a | 31380 | 0.02 % |
| Physical Call Option | 15/03/2024 – 21/06/2024 | n/a | 1162700 | 0.62 % |
| Total | 1318740 | 0.70 % |
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
| Type of instrument | Expiration or maturity date | Exercise or conversion period | Cash or physical settlement | Voting rights absolute | Voting rights in % |
| Swaps | 25/03/2024 – 28/02/2029 | n/a | Cash | 9620925 | 5.09 % |
| Put Option | 15/03/2024 – 21/06/2024 | n/a | Physical | 820400 | 0.43 % |
| Total | 10441325 | 5.52 % |
8. Information in relation to the person subject to the notification obligation
| Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). | |
| X | Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: |
| Name | % of voting rights (if at least 3% or more) | % of voting rights through instruments (if at least 5% or more) | Total of both (if at least 5% or more) |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BofAML Jersey Holdings Limited | % | % | % |
| BofAML EMEA Holdings 2 Limited | % | % | % |
| Merrill Lynch International | % | % | 5.35 % |
| – | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BAC North America Holding Company | % | % | % |
| Bank of America, National Association | % | % | % |
| – | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BofA Securities, Inc | % | % | % |
| – | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BAC North America Holding Company | % | % | % |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | % | % | % |
| Managed Account Advisors LLC | % | % | % |
| – | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BAC North America Holding Company | % | % | % |
| Bank of America, National Association | % | % | % |
| U.S. Trust Company of Delaware | % | % | % |
| – | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BAC North America Holding Company | % | % | % |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | % | % | % |
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)
Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
| Proportion of voting rights | Proportion of instruments | Total of both |
| % | % | % |
10. Other explanatory remarks:
Date
08 March 2024
08.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Covestro AG |
| Kaiser-Wilhelm-Allee 60 | |
| 51373 Leverkusen | |
| Germany | |
| Internet: | www.covestro.com |
| End of News | EQS News Service |