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WashTec AG
22.04.2020 / 11:15
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.
By voting rights notification dated 8th April 2020, Alantra EQMC Asset Management, SGIIC, S.A., Madrid, Spain ('Alantra EQMC'), notified us that on 7th April 2020 Alantra EQMC exceeded the threshold of 10% of the voting rights in WashTec AG ('WashTec') in accordance with sections 33, 34 WpHG. Alantra EQMC holds no voting rights in WashTec directly; all voting rights are rather held by funds managed by Alantra EQMC.
In this context we were informed by Alantra EQMC pursuant to section 43 paragraph 1 sentence 3 WpHG as follows:
- The acquisition of the voting rights in WashTec serves to generate trading profits.
- Depending on the stock market price and the general economic situation of WashTec, Alantra EQMC might acquire further voting rights within the next twelve months.
- It is intended, by expressing opinions and/or deliberations, to exert influence on the appointment or removal of members of the administrative, managing and supervisory bodies of WashTec.
- Depending on the success of the ongoing management strategy, market conditions and available transaction opportunities, Alantra EQMC would evaluate proposing to the relevant bodies of WashTec introducing relevant changes to the capital structure or the dividend policy.
The acquisition of the shareholding of approximately 10.42% of the voting rights in WashTec by Alantra EQMC, which led to the aforementioned voting rights notification threshold being exceeded, was financed by the equity of the funds managed by Alantra EQMC.
22.04.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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