ZEAL Network SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
May 25, 2020 7:12 PM
ZEAL Network SE
On 20 May 2020, we received the following notification from UBS Group AG on behalf of itself and of UBS AG:
We are hereby providing you with the information required pursuant to section 43 para. 1 of the Securities Trading Act (WpHG) because the voting rights of UBS Group AG and UBS AG (together the 'UBS Companies') in ZEAL Network SE according to § 33 WpHG and § 34 WpHG have reached and exceeded the threshold of 10%.
A. Objectives of the acquisition of voting rights (section 43 (1) sentence 3 WpHG)
With regard to the voting rights held by us or attributed to us directly and indirectly in accordance with section 43 (1) sentence 3 WpHG, we provide the following information on the objectives pursued with the acquisition of the voting rights:
The investment does not serve the purpose of an implementation of strategic objectives or the generation of a trading profit of any of the UBS Companies.
None of the UBS Companies currently intends to acquire further voting rights in ZEAL Network SE within the next 12 months by means of a purchase or by any other means. This does not include acquisitions within the scope of the customary activities of a globally operating financial services company.
It is currently not intended to exert an influence on the composition of administrative, management and supervisory bodies of ZEAL Network SE.
It is currently not intended to achieve a material change in the capital structure of ZEAL Network SE, in particular as regards the ratio between own funds and external funds and the dividend policy.
B. Origin of the funds used for the acquisition of voting rights (section 43 (1) sentence 4 WpHG)
In respect of the origin of the funds used, we notify that the acquisition or attribution of voting rights by UBS Companies was made in the course of their activities for clients in the normal course of business. No equity or debt capital was used to finance the acquisition of voting rights.
25.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||ZEAL Network SE|
|End of News||DGAP News Service|