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UCB Major Shareholding Notification 2018

Oct 2, 2018

4017_mrq_2018-10-02_85a3f25b-d6c9-4458-a525-60b2af5bd908.pdf

Major Shareholding Notification

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Transparency notifications BlackRock, Inc.

  • 4 notifications referring to situation on 25, 26, 27 and 28 September 2018
  • Threshold crossed: 5%
  • Latest holding: 4,98%

Brussels (Belgium), 2 October 2018 – 20:00 (CEST) – regulated information

1. Summary of the notifications

Pursuant to Article 14 of the law of 2 May 2007 on the disclosure of large shareholdings, UCB SA/NV announces that it has received 4 transparency notifications from BlackRock, Inc. (having its registered office at 55 East 52nd Street, New York, NY, 10055, U.S.A.), dated 26, 27, 28 September and 1 October 2018 respectively.

In the first and third notification BlackRock, Inc. has notified that, following an acquisition of UCB shares with voting rights and a disposal of equivalent financial instruments by its affiliates, its total holding in UCB SA/NV has increased and has crossed the 5% threshold on 25 September and 27 September 2018 respectively.

In the second and fourth notification, BlackRock, Inc. has notified that, following a disposal of UCB shares with voting rights and of equivalent financial instruments by its affiliates, its total holding in UCB SA/NV has decreased and has crossed downwards the 5% threshold on 26 and 28 September 2018 respectively.

On 25 September 2018, BlackRock, Inc. (taking into account the holding of its affiliates) owned 9 160 060 shares with voting rights (versus 9 008 133 shares in its previous notification), representing 4.71% of the total number of shares issued by the company (194 505 658) (versus 4.63% in its previous notification) as well as 589 844 equivalent financial instruments (versus 630 622 in its previous notification) representing 0.30% of the total number of shares issued by the company (versus 0.32% in its previous notification).

On 28 September 2018, BlackRock, Inc. (taking into account the holding of its affiliates) owned 9 160 827 UCB shares with voting rights, representing 4.71% of the total number of shares issued by the company, as well as 533 251 equivalent financial instruments, representing 0.27% of the total number of shares issued by the company.

2. Content of the notifications

  • 2.1 The information mentioned hereafter was identical in all notifications:
  • Notification by: A parent undertaking or a controlling person.

Persons subject to the notification requirement:

Name Address (for legal entities)
BlackRock, Inc. 55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V. Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 100 Bellevue Parkway, Wilmington, DE, 19809, U.S.A.
BlackRock Asset Management Canada Limited 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG Max-Joseph-Straße 6, Munich, 80333, Germany
BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central,
Hong Kong
BlackRock Financial Management, Inc. 55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
Association
400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia)
Limited
Level 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan
  • Threshold crossed (in %): 5%
  • Denominator: 194 505 658.
  • Chain of controlled undertakings through which the holding is effectively held:

Please see the full chain of control in the 'Chain of Control' tab.

2.2 The first transparency notification dated 26 September 2018 included the following specific information:

  • Reason for the notification: Acquisition or disposal of voting securities or voting rights.
  • Date on which the threshold is crossed: 25 September 2018.
  • 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
BlackRock, Inc. 0 0 0.00%
BlackRock (Netherlands) B.V. 20,158 20,158 0.01%
BlackRock (Singapore) Limited 7,282 7,282 0.00%
BlackRock Advisors (UK) Limited 1,468,445 1,381,069 0.71%
BlackRock Advisors, LLC 221,620 223,781 0.12%
BlackRock Asset Management
Canada Limited
151,662 156,123 0.08%
BlackRock Asset Management
Deutschland AG
252,016 362,665 0.19%
BlackRock Asset Management North
Asia Limited
997 997 0.00%
BlackRock Financial Management,
Inc.
200,274 208,856 0.11%
BlackRock Fund Advisors 2,396,248 2,388,416 1.23%
BlackRock Institutional Trust
Company, National Association
3,219,295 3,209,134 1.65%
BlackRock International Limited 37,005 40,309 0.02%
BlackRock Investment Management
(Australia) Limited
82,978 85,634 0.04%
BlackRock Investment Management
(UK) Limited
356,977 370,300 0.19%
BlackRock Investment Management,
LLC
308,489 311,154 0.16%
BlackRock Japan Co., Ltd. 284,687 394,182 0.20%
Subtotal 9,008,133 9,160,060 4.71%
TOTAL 9,160,060 0 4.71% 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
BlackRock Advisors (UK) Limited Contract for Difference 3,813 0.00% cash
BlackRock Advisors, LLC Contract for Difference 38,761 0.02% cash
BlackRock Financial Management,
Inc.
Contract for Difference 1,883 0.00% cash
BlackRock Institutional Trust
Company, National Association
Contract for Difference 336,939 0.17% cash
BlackRock Investment Management
(UK) Limited
Contract for Difference 101,847 0.05% cash
BlackRock Investment Management,
LLC
Contract for Difference 106,601 0.05% cash
TOTAL 589,844 0.30%
TOTAL (A & B) # of voting rights % of voting rights
CALCULATE 9.749.904 5,01%

The disclosure obligation arose due to total holding in voting rights for BlackRock, Inc. going above 5%.

2.3. The second transparency notification dated 27 September 2018 includes the following specific information:

  • Reason for the notification:
  • o Acquisition or disposal of voting securities or voting rights.
  • o Acquisition or disposal of financial instruments that are treated as voting securities.
  • Date on which the threshold is crossed: 26 September 2018.
  • 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
BlackRock, Inc. 0 0 0.00%
BlackRock (Netherlands) B.V. 20,158 20,158 0.01%
BlackRock (Singapore) Limited 7,282 7,282 0.00%
BlackRock Advisors (UK) Limited 1,381,069 1,531,590 0.79%
BlackRock Advisors, LLC 223,781 223,781 0.12%
BlackRock Asset Management
Canada Limited
156,123 156,123 0.08%
BlackRock Asset Management
Deutschland AG
362,665 254,263 0.13%
BlackRock Asset Management North
Asia Limited
997 997 0.00%
BlackRock Financial Management,
Inc.
208,856 203,891 0.10%
BlackRock Fund Advisors 2,388,416 2,386,457 1.23%
BlackRock Institutional Trust
Company, National Association
3,209,134 3,209,387 1.65%
BlackRock International Limited 40,309 40,309 0.02%
BlackRock Investment Management
(Australia) Limited
85,634 85,634 0.04%
BlackRock Investment Management
(UK) Limited
370,300 356,660 0.18%
BlackRock Investment Management,
LLC
311,154 311,194 0.16%
BlackRock Japan Co., Ltd. 394,182 304,575 0.16%
Subtotal 9,160,060 9,092,301 4.67%
TOTAL 9,092,301 0 4.67% 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
BlackRock Advisors (UK) Limited Contract for Difference 3,813 0.00% cash
BlackRock Advisors, LLC Contract for Difference 38,761 0.02% cash
BlackRock Financial Management,
Inc.
Contract for Difference 1,883 0.00% cash
BlackRock Institutional Trust
Company, National Association
Contract for Difference 309,852 0.16% cash
BlackRock Investment Management
(UK) Limited
Contract for Difference 94,559 0.05% cash
BlackRock Investment Management,
LLC
Contract for Difference 106,601 0.05% cash
TOTAL 555,469 0.29%
TOTAL (A & B) # of voting rights % of voting rights
CALCULATE 9.647.770 4,96%

The disclosure obligation arose due to total holding in voting rights for BlackRock, Inc. going below 5%.

2.4. The third transparency notification dated 28 September 2018 includes the following specific information:

  • Reason for the notification: Acquisition or disposal of voting securities or voting rights.
  • Date on which the threshold is crossed: 27 September 2018.
  • 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
BlackRock, Inc. 0 0 0.00%
BlackRock (Netherlands) B.V. 20,158 20,158 0.01%
BlackRock (Singapore) Limited 7,282 7,282 0.00%
BlackRock Advisors (UK) Limited 1,531,590 1,547,672 0.80%
BlackRock Advisors, LLC 223,781 223,781 0.12%
BlackRock Asset Management
Canada Limited
156,123 156,123 0.08%
BlackRock Asset Management
Deutschland AG
254,263 327,931 0.17%
BlackRock Asset Management North
Asia Limited
997 997 0.00%
BlackRock Financial Management,
Inc.
203,891 204,153 0.10%
BlackRock Fund Advisors 2,386,457 2,388,164 1.23%
BlackRock Institutional Trust
Company, National Association
3,209,387 3,208,001 1.65%
BlackRock International Limited 40,309 40,309 0.02%
BlackRock Investment Management
(Australia) Limited
85,634 85,634 0.04%
BlackRock Investment Management
(UK) Limited
356,660 353,667 0.18%
BlackRock Investment Management,
LLC
311,194 310,929 0.16%
BlackRock Japan Co., Ltd. 304,575 350,638 0.18%
Subtotal 9,092,301 9,225,439 4.74%
TOTAL 4.74% 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
BlackRock Investment Management
(UK) Limited
Securities Lent 2,996 0.00% physical
BlackRock Advisors (UK) Limited Contract for Difference 3,813 0.00% cash
BlackRock Advisors, LLC Contract for Difference 38,761 0.02% cash
BlackRock Financial Management,
Inc.
Contract for Difference 1,883 0.00% cash
BlackRock Institutional Trust
Company, National Association
Contract for Difference 295,452 0.15% cash
BlackRock Investment Management
(UK) Limited
Contract for Difference 89,977 0.05% cash
BlackRock Investment Management,
LLC
Contract for Difference 106,601 0.05% cash
TOTAL 539,483 0.28%
TOTAL (A & B) # of voting rights % of voting rights
CALCULATE 9.764.922 5,02%

The disclosure obligation arose due to total holding in voting rights for BlackRock, Inc. going above 5%.

  • 2.5. The fourth transparency notification dated 1 October 2018 includes the following specific information:
  • Reason for the notification: Acquisition or disposal of voting securities or voting rights.
  • Date on which the threshold is crossed: 28 September 2018.
  • 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
BlackRock, Inc. 0 0 0,00%
BlackRock (Netherlands) B.V. 20.158 20.158 0,01%
BlackRock (Singapore) Limited 7.282 7.282 0,00%
BlackRock Advisors (UK) Limited 1.547.672 1.467.011 0,75%
BlackRock Advisors, LLC 223.781 223.978 0,12%
BlackRock Asset Management Canada
Limited
156.123 156.585 0,08%
BlackRock Asset Management
Deutschland AG
327.931 321.031 0,17%
BlackRock Asset Management North
Asia Limited
997 2.570 0,00%
BlackRock Financial Management, Inc. 204.153 203.578 0,10%
BlackRock Fund Advisors 2.388.164 2.398.103 1,23%
BlackRock Institutional Trust Company,
National Association
3.208.001 3.206.948 1,65%
BlackRock International Limited 40.309 40.986 0,02%
BlackRock Investment Management
(Australia) Limited
85.634 86.191 0,04%
BlackRock Investment Management
(UK) Limited
353.667 397.226 0,20%
BlackRock Investment Management,
LLC
310.929 334.342 0,17%
BlackRock Japan Co., Ltd. 350.638 294.838 0,15%
Subtotal 9.225.439 9.160.827 4,71%
TOTAL 9.160.827 0 4,71% 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
BlackRock Investment Management
(UK) Limited
Securities Lent 2.996 0,00% physical
BlackRock Advisors (UK) Limited Contract for Difference 3.813 0,00% cash
BlackRock Advisors, LLC Contract for Difference 38.761 0,02% cash
BlackRock Financial Management, Inc. Contract for Difference 1.883 0,00% cash
BlackRock Institutional Trust Company,
National Association
Contract for Difference 293.395 0,15% cash
BlackRock Investment Management
(UK) Limited
Contract for Difference 85.802 0,04% cash
BlackRock Investment Management,
LLC
Contract for Difference 106.601 0,05% cash
TOTAL 533.251 0,27%

The disclosure obligation arose due to total holding in voting rights for BlackRock, Inc. going below 5%.

3. Further information

This press release and the detailed transparency notifications are available on UCB SA/NV's website via the following link.

An updated overview of the UCB SA/NV large shareholdings will be available on UCB SA/NV's website via the following link.

Investor Relations

Antje Witte, Investor Relations, UCB T +32 2 559 94 14, [email protected]

Isabelle Ghellynck, Investor Relations, UCB T +32 2 559 95 88, [email protected]

About UCB

UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With more than 7 500 people in approximately 40 countries, the company generated revenue of € 4.5 billion in 2017. UCB is listed on Euronext Brussels (symbol: UCB). Follow us on Twitter: @UCB_news