DE

Schaltbau Holding AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Fri, 04 Jun 2021 00:00:00


DGAP-PVR: Schaltbau Holding AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Schaltbau Holding AG
04.06.2021 / 21:00
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

With reference to the notification pursuant to section 43 (1) sentence 2 of the Securities Trading Act (WpHG) dated 26 October 2020 and the voting rights notifications pursuant to sections 33 and 34 WpHG of

1. Luxunion S.A., Foyer Finance S.A., Luxempart S.A., Leudelange, Luxembourg, (together 'Luxempart')

2. Hans-Jakob Zimmermann, Düsseldorf, and Dr Johannes Zimmermann, Düsseldorf, and

3. Elrena GmbH, Basel, Switzerland,

on 3 June 2021, pursuant to section 43 (1) sentence 2 WpHG, the parties named under items 1 to 3 informed us of the following:

The parties named under items 1 to 3 (collectively the 'Notifying Parties') have joined forces to act in concert as shareholders of Schaltbau Holding AG, in particular to jointly exercise voting rights from their shares (a so-called 'AiC consortium').

The AiC consortium actively supported the Company in the context of placing the convertible bond issued in April 2021. With the conversion of the bond into subscription rights shares of Schaltbau Holding AG by Luxempart S.A. and the Zimmermann family, the number of shares held by and attributed to the Notifying Parties rose above the threshold of 25% on 11 May 2021. The fact that the threshold has been exceeded formally triggers a new notification obligation pursuant to section 43 (1) sentence 2 WpHG regarding the objectives associated with a shareholding. Whilst the objectives of the Notifying Parties and the support of the Company by the AiC consortium have not changed since the previous notification dated 26 October 2020, we are notifying the following purely as a precautionary measure on behalf of and by proxy of the Notifying Parties pursuant to section 43 (1) sentence 2 WpHG:

1. Update of the notification dated 26 October 2020

(a) The investment continues to serve the implementation of strategic objectives and generate trading profits.

(b) The Notifying Parties do not exclude the possibility of acquiring further voting rights, depending on market and corporate developments.

c) The Notifying Parties fundamentally aim to support the Company in filling positions on the Company's boards through their influence and to continue strengthening the Supervisory Board in the long term with the aim of promoting an active entrepreneurial approach.

d) The Notifying Parties continue to endeavour to influence the capital structure of the Company, in particular the ratio of equity and debt capital as well as the dividend policy. In particular, the Notifying Parties intend to work towards a sustained significant improvement in the issuer's capital efficiency in terms of value-oriented corporate management.

2. Origin of the funds used pursuant to section 43 (1) sentence 4 WpHG

Furthermore, we hereby state that the respective acquisition of the convertible bonds by Luxempart S.A. and the Zimmermann family, the conversion of which led to the addition of voting rights to the consortium's portfolio, was executed with the use of own funds.



04.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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