Windeln.de SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
March 18, 2020 at 01:05 pm EDT
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DGAP Voting Rights Announcement: windeln.de SE
windeln.de SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
18.03.2020 / 18:00
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Regarding the voting rights notification pursuant to Sec. 43 para. 1 WpHG submitted to us on March 14, 2020 that Zou Qian and Youth PTE. Ltd, Beach Road, #33-06, 26 Singapore 189768 (the 'Notifying Parties') have exceeded the threshold of 3%, 5%, 10%, 20% and 25% of the voting rights in windeln.de SE (the 'Issuer') on February 26, 2020, we hereby announce the following:
1. The Notifying Parties pursue the implementation of strategic objectives regarding the Issuer by holding shares of the Issuer.
2. Subject to the development of the value of the shares, the Notifying Parties may consider to buy additional shares and, hence, voting rights but may also reduce their stake in the case of bad performance.
3. Depending on the Issuer's performance in the comings months it is envisaged to influence the composition of the administration, management or supervisory board of the Issuer.
4. The Notifying Parties do not plan a significant change of the capital structure of the Issuer at the moment, in particular in relation to the debt / equity ratio as well as the dividend policy.
5. The voting rights held by the Notifying Parties were bought by utilizing equity and not debt.
18.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
windeln de SE is a Germany-based online retailer of baby and children's products. The Company retails baby and toddler products through its online stores windeln.de, windeln.ch, bebitus.com, bebitus.pt, bebitus.fr and windeln.com.cn. The Company's products include international branded diapers, baby food, bottles and pacifiers, breastfeeding accessories, hygiene and health products, children's furniture, toys, children's and maternity clothing, baby monitors, prams and strollers, car seats and related home accessories, among others, as well as erotic products and lingerie. The Company is active in Germany, Austria, Switzerland, France, Spain, Portugal and China, among others.
windeln.de SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution