​Shareholders Structure

Shares outstanding

On December 31, 2020, the number of Tessenderlo Group NV's outstanding shares was as follows: 43,154,979.

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 June 12, 2021, is 63,122,365.

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 June 23, 2021):

Shareholder Number of voting rights %
Verbrugge nv (controlled by Picanol)38,533,061
Symphony Mills NV4,346,2006.89%
​Norges Bank​1,287,8992.04%
​Carmignac Gestion SA​903,687
​Dimensional Fund Advisors L.P.



Verbrugge NV is controlled by Picanol NV, which in turn is controlled by Artela NV. Artela NV and Symphony Mills NV are controlled by Mr. Luc Tack.

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.


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.