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Recticel articles of Association require any shareholder holding voting rights equal to 3% or more of the existing voting rights to declare this shareholding to the company and to the Belgian Banking, Finance & Insurance Commission (CBFA). Any rise or fall below the first threshold of 3% and thereafter the threshold of 5% or any multiple of 3% and 5% is object to the above mentioned declaration.
According to the Belgian Transparency Law in force, the calculation of the holding shall take into account, for the denominator, the effective voting rights together with the future voting rights, potential or not, resulting from the subscription of securities to be issued.
The current denominator for Recticel therefore stands at 35 233 507 shares.
More information can be found on the CBFA website: http://www.cbfa.be/eng/gv/ah/circ/ah_circ.asp, as well as the templates used for making the declaration.
The following parameters on the amount of shares are requested in the template:
- effective voting rights → representing the capital 28 931 456
- future voting rights → securities to be issued → exercise of warrants 2 244 182
- future voting rights → securities to be issued → conversion of convertable bonds 4 057 869
- total 35 233 507
The signed declarations are to be sent to
- Recticel
fax: +32-2-775.19.92
e-mail:verbruggen.dirk@recticel.com
- CBFA
fax: +32-2-220.59.03
e-mail:fmi.fin@cbfa.be
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