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
X |
Acquisition/disposal of shares with voting rights |
|
Acquisition/disposal of instruments |
|
Change of breakdown of voting rights |
|
Other reason:
|
3. Details of person subject to the notification obligation
Legal entity: UBS Group AG City of registered office, country: Zurich, Switzerland |
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 |
3.46 % |
1.96 % |
5.42 % |
189000000 |
Previous notification |
2.82 % |
0.86 % |
3.68 % |
/ |
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 |
6537477 |
0 % |
3.46 % |
Total |
6537477 |
3.46 % |
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 of Lent shares |
– |
At any time |
682777 |
0.36 % |
Rights of use over shares |
– |
At any time |
53999 |
0.03 % |
Rights of use over ADR (US22304D2071) |
– |
At any time |
461 |
0 % |
Long Call Option |
20/09/2024-20/12/2024 |
|
385784 |
0.2 % |
|
|
Total |
1123021 |
0.59 % |
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 % |
Short Put Option |
20/09/2024-19/12/2025 |
|
Physical |
246900 |
0.13 % |
Right of use over Reverse Convertible |
At any time |
|
Physical |
4276 |
0 % |
Right of use over Reverse Convertible |
At any time |
|
Cash |
1503 |
0 % |
Equity Swaps |
04/06/2025-20/01/2028 |
|
Physical |
684000 |
0.36 % |
Swaps on Baskets |
28/10/2024-26/11/2025 |
|
Cash |
1637929 |
0.87 % |
|
|
|
Total |
2574608 |
1.36 % |
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) |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Switzerland AG |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Asset Management AG |
% |
% |
% |
UBS Asset Management Holding (No. 2) Ltd |
% |
% |
% |
UBS Asset Management Holding Ltd |
% |
% |
% |
UBS Asset Management (UK) Limited |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Asset Management AG |
% |
% |
% |
UBS Fund Management (Luxembourg) S.A. |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Asset Management AG |
% |
% |
% |
UBS Asset Management Switzerland AG |
% |
% |
% |
UBS Fund Management (Switzerland) AG |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Americas Holding LLC |
% |
% |
% |
UBS Americas Inc. |
% |
% |
% |
UBS Asset Management (Americas) LLC |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Asset Management AG |
% |
% |
% |
UBS Asset Management (Singapore) Ltd |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Asset Management AG |
% |
% |
% |
UBS Asset Management (Australia) Ltd |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Asset Management AG |
% |
% |
% |
UBS Asset Management Holding (No. 2) Ltd |
% |
% |
% |
UBS Asset Management Holding Ltd |
% |
% |
% |
UBS Asset Management Life Limited |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Americas Holding LLC |
% |
% |
% |
UBS Americas Inc. |
% |
% |
% |
UBS Financial Services Inc. |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
UBS Americas Holding LLC |
% |
% |
% |
UBS Americas Inc. |
% |
% |
% |
UBS Securities LLC |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
Credit Suisse AG |
% |
% |
% |
Credit Suisse International |
% |
% |
% |
– |
% |
% |
% |
UBS Group AG |
% |
% |
% |
UBS AG |
% |
% |
% |
Credit Suisse Asset Management International Holding Ltd |
% |
% |
% |
Credit Suisse Asset Management & Investor Services (Schweiz) Holding AG |
% |
% |
% |
Credit Suisse Fund Management S.A. |
% |
% |
% |
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
13.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com