Major Shareholding Notification • Dec 22, 2014
Major Shareholding Notification
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Brussels, 22 December 2014 – 17:45 CET
The information provided below constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments, which have been admitted for trading on a regulated market.
Under the Articles of Association of Recticel SA/NV, each shareholder holding 3% or more of the Recticel shares conferring voting rights must disclose this to the company and to the Belgian Financial Services and Markets Authority (FSMA). Each fall below, or rise above, this first threshold of 3% and subsequent thresholds of 5% or a multiple of 5%, must be disclosed.
In accordance with the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel (Euronext: REC) makes the following announcement:
Petercam SA and Petercam IAM SA, both having their address at 19 place Sainte Gudule in 1000 Brussels (Belgium), have notified Recticel and the FSMA that on 12 December 2014 they have crossed downwards the statutory threshold of 3%.
Petercam SA and Petercam IAM SA informed they now hold a participation in Recticel of respectively 515,795 and 369,131 shares, totalling 884,926 shares or 2.99% of the total number of shares outstanding (compared to respectively 496,442 and 403,590 shares, totalling 900,032 shares as per 28 April 2014).
Petercam IAM s.a. is controlled by Petercam s.a.
The declarations can be found on the web site of Recticel (http://www.recticel.com/index.php/investor-relations/shareholders/shareholding-notification-obligation).
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Notifications of significant holdings or changes to such holdings, arising from the Act of 2 May 2007 and Recticel n.v./s.a.'s Articles of Association, should be sent to [email protected].
In accordance with the current Belgian transparency legislation (Act of 2 May 2007 – Royal Decree of 14 February 2008), the denominator to be used for the notification is 29,613,856 shares (situation 21 December 2014).
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Disclosure in accordance with the provisions of the Act of 2 May 2007
In accordance with Articles 15, §1 and 18, §1 of the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel also discloses the following information:
| - Total subscribed capital |
€ 74 034 640 |
|---|---|
| - Total number of shares in issue (with voting rights) |
29 613 856 |
| outstanding warrants1 - Total number of |
2 620 900 |
| Total number of outstanding convertible bonds2 - |
1 149 |
1 Each warrant entitles the holder to subscribe to 1 new ordinary share.
2 Each bond (nominal value: € 50 000) can be converted into 4,233.7 new ordinary shares on the basis of the current conversion price (€ 11.81). If all the bonds are converted, an additional 4,864,522 ordinary shares can therefore be created. The conversion price is adjustable in accordance with the usual conditions. The convertible bonds bought back by the Group in 2008, 2009 and 2011 have not been deducted. On 23 July 2014, one bond has been prematurely reimbursed following the exercise of the put option by the investor.
| 27.02.2015 (before opening of the stock exchange) |
|---|
| 07.05.2015 (before opening of the stock exchange) |
| 26.05.2015 (at 10:00 AM CET) |
| 28.08.2015 (before opening of the stock exchange) |
RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)
PRESS INVESTOR RELATIONS
Mr Olivier Chapelle Mr Michel De Smedt
Tel: +32 2 775 18 01 Mobile: +32 479 91 11 38 [email protected] [email protected]
Recticel is a Belgian Group with a strong European dimension, but also operates in the rest of the world. Recticel has 100 establishments in 28 countries.
Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.
Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment highquality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck® and Powerwall®.
Recticel is driven by technological progress and innovation, which has led to a revolutionary breakthrough at the biggest names in the car industry.
In 2013 Recticel achieved combined sales of EUR 1.26 billion (IFRS 11 consolidated sales: EUR 0.98 billion).
Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.
The press release is available in English, Dutch and French on the website www.recticel.com
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