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Ontex: Transparency Declaration Notification
Disclosure made according to the requirements of Article 14 of the law of 2 May 2007
Aalst-Erembodegem (Belgium), August 5, 2020 – Ontex Group NV (“Ontex”) discloses the notification of significant shareholdings that it has received according to the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies.
On July 31, 2020, Bank of America Corporation notified Ontex that as a result of the disposal of voting rights and equivalent financial instruments, it has crossed below the threshold of 3.00% of the total number of voting rights in Ontex on July 28, 2020.
On August 3, 2020, Bank of America Corporation notified Ontex that it holds, as a result of the acquisition of voting securities and equivalent financial instruments, 8,352,436 voting rights in Ontex that may be acquired if the instruments are exercised, and so has crossed above the threshold of 10.00% of the total number of voting rights in Ontex on July 29, 2020 to 10.14%.
On August 4, 2020, Bank of America Corporation notified Ontex that it holds, as a result of the disposal of voting securities and the acquisition of equivalent financial instruments, 8,206,771 voting rights in Ontex that may be acquired if the instruments are exercised and so has crossed below the threshold of 10.00% of the total number of voting rights in Ontex on July 30, 2020 to 9.97%.
According to its obligation Ontex publishes the content of the notifications that it has received.
Reason for the notification: Acquisition or disposal of voting securities or voting rights, and acquisition or disposal of financial instruments that are treated as voting securities, and the downward crossing of the lowest threshold.
Notification by: A parent undertaking or a controlling person
Persons subject to the notification requirement:
| Bank of America Corporation | Wilmington, DE (United States) |
Dates of Notifications: July 31, August 3, and August 4, 2020
Dates Thresholds Crossed: July 28, July 29, and July 30, 2020
Thresholds Crossed: 3.00%, 5.00% and 10.00%
Denominator on the date of notification: 82,347,218 shares
Voting rights and assimilated financial instruments:
Notification of July 31, 2020:
| (A) Voting rights | Previous notification | After the transaction | |||
| # voting rights | # voting rights | % of voting rights | |||
| Holders of
voting rights |
Linked to
securities |
Not linked
to securities |
Linked to
securities |
Not linked
to securities |
|
| Bank of America Corporation | 0 | ||||
| Merrill Lynch International | 1,341,302 | ||||
| BofA Securities Europe SA | 11,907 | ||||
| Total | 1,353,209 | ||||
| (B) Equivalent financial instruments | After the transaction | |||||
| Holders of equivalent financial instruments |
Type of
financial instrument |
Expiration date | Exercise period or date | # of voting rights that may be acquired if the instrument is exercised | % of voting rights | Settlement |
| TOTAL | ||||||
| # voting rights | % of voting rights | |
| TOTAL (A + B) |
Full chain of controlled undertakings through which the holding is effectively held
Merrill Lynch International and BofA Securities Europe SA are controlled by “Bank of America Corporation” (see enclosure). Bank of America Corporation is not a controlled entity.
Additional information
The trigger for the notification is due to the trading book holding going below the 5% exemption.
Notification of August 3, 2020:
| (A) Voting rights | Previous notification | After the transaction | |||
| # voting rights | # voting rights | % of voting rights | |||
| Holders of
voting rights |
Linked to
securities |
Not linked
to securities |
Linked to
securities |
Not linked
to securities |
|
| Bank of America Corporation | 0 | 0 | 0 | 0.00% | 0.00% |
| Merrill Lynch International | 0 | 0 | 0 | 0.00% | 0.00% |
| BofA Securities Europe SA | 0 | 317,541 | 0 | 0.39% | 0.00% |
| BofA Securities, Inc | 0 | 1,385,627 | 0 | 1.68% | 0.00% |
| Total | 0 | 1,703,168 | 0 | 2.07% | 0.00% |
| (B) Equivalent financial instruments | After the transaction | |||||
| Holders of equivalent financial instruments |
Type of
financial instrument |
Expiration date | Exercise period or date | # of voting rights that may be acquired if the instrument is exercised | % of voting rights | Settlement |
| BofA Securities Europe SA | Right to Recall | 369,078 | 0.45% | physical | ||
| BofA Securities Europe SA | Rights of Use | 6,833 | 0.01% | physical | ||
| Merrill Lynch International | Right to Recall | 6,003,610 | 7.29% | physical | ||
| Merrill Lynch International | Rights of Use | 230,514 | 0.28% | physical | ||
| Merrill Lynch International | OTC Swaps over Basket | 19/10/2020 | 22,809 | 0.03% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 29/01/2021 | 14,652 | 0.02% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 30/10/2020 | 1,771 | 0.00% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 15/02/2023 | 1 | 0.00% | cash | |
| TOTAL | 6,649,268 | 8.07% | ||||
| # voting rights | % of voting rights | |
| TOTAL (A + B) | 8,352,436
|
10.14%
|
Full chain of controlled undertakings through which the holding is effectively held
Merrill Lynch International, BofA Securities, Inc and BofA Securities Europe SA are controlled by “Bank of America Corporation” (see enclosure). Bank of America Corporation is not a controlled entity.
Additional information
Trading book holding has gone above the 5% exemption.
Notification of August 4, 2020:
| (A) Voting rights | Previous notification | After the transaction | |||
| # voting rights | # voting rights | % of voting rights | |||
| Holders of
voting rights |
Linked to
securities |
Not linked
to securities |
Linked to
securities |
Not linked
to securities |
|
| Bank of America Corporation | 0 | 0 | 0 | 0.00% | 0.00% |
| Merrill Lynch International | 0 | 0 | 0 | 0.00% | 0.00% |
| BofA Securities Europe SA | 317,541 | 289,094 | 0 | 0.35% | 0.00% |
| BofA Securities, Inc | 1,385,627 | 0 | 0 | 0.00% | 0.00% |
| Total | 1,703,168 | 289,094 | 0 | 0.35% | 0.00% |
| (B) Equivalent financial instruments | After the transaction | |||||
| Holders of equivalent financial instruments |
Type of
financial instrument |
Expiration date | Exercise period or date | # of voting rights that may be acquired if the instrument is exercised | % of voting rights | Settlement |
| BofA Securities Europe SA | Right to Recall | 90,518 | 0.11% | physical | ||
| BofA Securities Europe SA | Rights of Use | 11,884 | 0.01% | physical | ||
| Merrill Lynch International | Right to Recall | 7,541,829 | 9.16% | physical | ||
| Merrill Lynch International | Rights of Use | 229,079 | 0.28% | physical | ||
| Merrill Lynch International | OTC Swaps over Basket | 30/09/2020 | 1,367 | 0.00% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 19/10/2020 | 30,238 | 0.04% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 30/10/2020 | 1,771 | 0.00% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 29/01/2021 | 10,990 | 0.01% | cash | |
| Merrill Lynch International | OTC Swaps over Basket | 15/02/2023 | 1 | 0.00% | cash | |
| TOTAL | 7,917,677 | 9.61% | ||||
| # voting rights | % of voting rights | |
| TOTAL (A + B) | 8,206,771 | 9.97% |
Full chain of controlled undertakings through which the holding is effectively held.
Merrill Lynch International, BofA Securities, Inc and BofA Securities Europe SA are controlled by “Bank of America Corporation” (see enclosure). Bank of America Corporation is not a controlled entity.
Notifications of significant shareholdings to be made according to the Law of 2 May 2007 should be sent to: [email protected]
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