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Picanol NV
Major Shareholding Notification • Mar 31, 2020
3988_mrq_2020-03-31_5bd48917-123e-4134-8190-ae1af64a2193.pdf
Major Shareholding Notification
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PRESS RELEASE Regulated information1 Ieper, March 31, 2020 – 5:40 pm CET
PICANOL GROUP: PUBLICATION OF A TRANSPARENCY NOTIFICATION (ARTICLE 14, FIRST PARAGRAPH OF THE BELGIAN LAW OF MAY 2, 2007 ON THE DISCLOSURE OF SIGNIFICANT SHAREHOLDINGS)
1. SUMMARY OF THE NOTIFICATION
Picanol Group received a transparency notification on March 31, 2020, indicating that Artela nv, Symphony Mills nv, Luc Tack, Manuco International nv and Patrick Steverlynck were holding 31,594,496 voting rights of the company as at March 16, 2020. Therefore, it has crossed the 90% statutory threshold.
2. THE NOTIFICATION CONTAINS THE FOLLOWING INFORMATION
- Reason for the notification: passive crossing of a threshold
- Notification by: persons acting in concert
- Person(s) subject to the notification requirement: Artela nv, Symphony Mills nv, Luc Tack, Manuco International nv and Patrick Steverlynck
- Transaction date: March 16, 2020
- Crossed threshold: 90%
- Denominator: 33,494,060
- Notified details:
| A. Voting rights | Previous notification | After the transaction | |||||
|---|---|---|---|---|---|---|---|
| Holders of voting rights | Voting rights | Voting rights linked to | Voting rights | % of voting rights | % of voting rights not linked | ||
| securities | not linked to linked to securities |
to securities | |||||
| securities | |||||||
| Patrick Steverlynck | 550 | 3,800 | 0.01% | ||||
| Manuco International | 0 | 0 | 0.00% | ||||
| nv | |||||||
| Luc Tack | 0 | 0 | 0.00% | ||||
| Symphony Mills nv | 4,172,996 | 8,630,204 | 25.77% | ||||
| Artela nv | 11,480,246 | 22,960,492 | 68.55% | ||||
| Subtotal | 31,594,496 | 0 | 94.33% | 0.00% |
| 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 | ||||
| 0 | 0.00% | |||||||||
| Total (A&B) | Voting rights | % of voting rights | ||||||||
| 31,594,496 | 94.33% |
Chain of control:
Luc Tack controls Symphony Mills nv and Artela nv. Patrick Steverlynck is co-shareholder of Artela nv via Manuco International nv.
3. VARIOUS
The full text of the transparency notification received by Picanol Group is available on www.picanolgroup.com.
1 The enclosed information constitutes regulated information as defined in the Royal Decree of November 14, 2007, regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
About Picanol Group
Picanol Group is a diversified industrial group and it is active worldwide in the fields of mechanical engineering, agriculture, food, water management, the efficient (re)use of natural resources and other industrial markets. The group's products are used in a variety of applications, industrial and consumer markets. Picanol Group realized a consolidated turnover of 2.2 billion EUR in 2019. Picanol Group has approximately 7,000 employees worldwide and it is listed on Euronext Brussels (PIC) via Picanol nv.
For further information please contact: Frederic Dryhoel, at +32 (0)57 222 364 or by e-mail: [email protected].
This press release is also available on the Picanol Group corporate website: www.picanolgroup.com
Disclaimer
This document may contain forward-looking statements. Such statements reflect the views of management regarding future events at the date of this document. Furthermore, they involve known and unknown risks, uncertainties and other factors that may cause actual results to be different from any results, performance or achievements expressed or implied by such forward-looking statements. Picanol Group provides the information in this press release as at the date of publication and, subject to applicable legislation, does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise. Picanol Group disclaims any liability for statements made or published by third parties (including any employees who are not explicitly mandated by Picanol Group) and, subject to applicable legislation, does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release it issues.