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Shareholders Structure

Shares outstanding

On January 2, 2023, the number of Tessenderlo Group nv's outstanding shares was as follows: 84,583,113. 

Effective voting rights attached to shares representing the capital ("denominator")

The Extraordinary Shareholders Meeting of Tessenderlo Group nv of July 10, 2019, has approved the introduction of a loyalty voting right in accordance with article 7:53 BCCA. A double voting right is granted to the shares that have continuously been registered in the share register on the name of the same shareholder for at least two years.

The number of voting rights attached to the outstanding shares on January 2, 2023, is 107,706,860.

Transparency information

Based on latest notification or latest available public information and on the denominator mentioned above, the voting rights in the company are currently as follows (status January 17, 2023):

Shareholder

Number of shares

Number of voting rights

% voting rights

Verbrugge nv (controlled by Tessenderlo Group nv)

21,860,003

41,992,812

38.99%

Patrick Steverlynck

10,738

10,738

0.01%

Manuco International nv (controlled by Patrick Steverlynck)

6,306,141

6,306,141

5.85%

Oostiep Group bv (controlled by Luc Tack)

34,205,424

36,737,624

34.11%

Own shares

31,503

43,398

0.04%

Free float

22,169,304

22,616,147

21.00%

TOTAL

84,583,113

107,706,860

100.00%

Luc Tack controls Oostiep Group bv. Mr. Patrick Steverlynck controls Manuco International nv. The mutual agreement that exists between the two parties does not imply joint control. Luc Tack controls through Oostiep Group bv exclusively Tessenderlo Group nv. Tessenderlo Group nv controls Picanol nv. Picanol nv controls Verbrugge nv.

Within the framework of the voluntary public exchange offer launched by Tessenderlo Group nv for all shares issued by Picanol nv, Oostiep Group bv (which as a result of a partial division acquired all Tessenderlo Group nv shares held by Symphony Mills nv) and Manuco International nv exchanged all Picanol nv shares they held for Tessenderlo Group nv shares. Oostiep Group bv and Manuco International nv acquired the Picanol nv shares held by Artela nv following the division. Following the exchange offer, Verbrugge nv became a subsidiary of Tessenderlo Group nv as a result of which the voting rights are suspended in accordance with art. 7:224 of the Companies Code.

An overview of the transparency declarations can be found here.

LIFO Principle

In case of a request to convert nominative shares into dematerialized shares, Tessenderlo Group will apply the LIFO Principle (Last In, First Out). The latest entries into the register of nominative shares thus will be converted first.

Notification

Shareholders whose voting rights in Tessenderlo Group surpass the threshold of 1%, 3%, 5 %, 7.5% and each multiple of 5 %, in either direction, are required to notify the Belgian Financial Services and Markets Authority (FSMA) (TRP.Fin@fsma.be) and Tessenderlo Group NV (kurt.dejonckheere@tessenderlo.com).

If you wish to obtain the necessary notification documents please contact Tessenderlo Group's shareholders' service.