Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
EQS Voting Rights Announcement: Covestro AG
24.04.2024 / 09:29 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Notification of Major Holdings 1. Details of issuer | Name: | Covestro AG | | Street: | Kaiser-Wilhelm-Allee 60 | | Postal code: | 51373 | | City: | Leverkusen
Germany | | Legal Entity Identifier (LEI): | 3912005AWHKLQ1CPLV11 |
2. Reason for notification | | Acquisition/disposal of shares with voting rights | | | Acquisition/disposal of instruments | | | Change of breakdown of voting rights | | X | Other reason:
voluntary group notification with triggered threshold on subsidiary level |
3. Details of person subject to the notification obligation Legal entity: Bank of America Corporation
City of registered office, country: Wilmington, DE, United States of America (USA) |
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached: 6. Total positions | | % of voting rights attached to shares
(total of 7.a.) | % of voting rights through instruments
(total of 7.b.1 + 7.b.2) | Total of both in %
(7.a. + 7.b.) | Total number of voting rights pursuant to Sec. 41 WpHG | | New | 2.41 % | 5.36 % | 7.77 % | 189000000 | | Previous notification | 2.11 % | 5.09 % | 7.20 % | / |
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) | ISIN | Absolute | In % | | | Direct
(Sec. 33 WpHG) | Indirect
(Sec. 34 WpHG) | Direct
(Sec. 33 WpHG) | Indirect
(Sec. 34 WpHG) | | DE0006062144 | 0 | 4215435 | 0.00 % | 2.23 % | | US22304D2071 | 0 | 340930 | 0.00 % | 0.18 % | | Total | 4556365 | 2.41 % |
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG | Type of instrument | Expiration or maturity date | Exercise or conversion period | Voting rights absolute | Voting rights in % | | Right to Recall | n/a | n/a | 46398 | 0.02 % | | Rights of Use | n/a | n/a | 31934 | 0.02 % | | Physical Call Option | 17/05/2024 - 21/06/2024 | n/a | 350000 | 0.19 % | | Physical Swap | 24/04/2024 | n/a | 764648 | 0.40 % | | | | Total | 1192980 | 0.63 % |
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG | Type of instrument | Expiration or maturity date | Exercise or conversion period | Cash or physical settlement | Voting rights absolute | Voting rights in % | | Swaps | 09/05/2024 - 30/04/2029 | n/a | Cash | 8151830 | 4.31 % | | Put Option | 17/05/2024 - 21/06/2024 | n/a | Physical | 792800 | 0.42 % | | | | | Total | 8944630 | 4.73 % |
8. Information in relation to the person subject to the notification obligation| | Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). | | X | Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: |
| Name | % of voting rights (if at least 3% or more) | % of voting rights through instruments (if at least 5% or more) | Total of both (if at least 5% or more) | | Bank of America Corporation | % | % | % | | NB Holdings Corporation | % | % | % | | BofAML Jersey Holdings Limited | % | % | % | | BofAML EMEA Holdings 2 Limited | % | % | % | | Merrill Lynch International | % | % | 5.05 % | | - | % | % | % | | Bank of America Corporation | % | % | % | | NB Holdings Corporation | % | % | % | | BAC North America Holding Company | % | % | % | | Bank of America, National Association | % | % | % | | - | % | % | % | | Bank of America Corporation | % | % | % | | NB Holdings Corporation | % | % | % | | BofA Securities, Inc. | % | % | % | | - | % | % | % | | Bank of America Corporation | % | % | % | | NB Holdings Corporation | % | % | % | | BAC North America Holding Company | % | % | % | | Merrill Lynch, Pierce, Fenner & Smith Incorporated | % | % | % | | Managed Account Advisors LLC | % | % | % | | - | % | % | % | | Bank of America Corporation | % | % | % | | NB Holdings Corporation | % | % | % | | BAC North America Holding Company | % | % | % | | Bank of America, National Association | % | % | % | | U.S. Trust Company of Delaware | % | % | % | | - | % | % | % | | Bank of America Corporation | % | % | % | | NB Holdings Corporation | % | % | % | | BAC North America Holding Company | % | % | % | | Merrill Lynch, Pierce, Fenner & Smith Incorporated | % | % | % |
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: | Proportion of voting rights | Proportion of instruments | Total of both | | % | % | % |
10. Other explanatory remarks: Date
24.04.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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| Language: | English |
| Company: | Covestro AG |
| Kaiser-Wilhelm-Allee 60 |
| 51373 Leverkusen |
| Germany |
| Internet: | www.covestro.com |
| |
| End of News | EQS News Service |
1887651 24.04.2024 CET/CEST
