Continental AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
November 26, 2020 at 11:31 am EST
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DGAP Voting Rights Announcement: Continental AG
Continental AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
26.11.2020 / 17:30
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.
Notification of Major Holdings
1. Details of issuer
Name:
Continental AG
Street:
Vahrenwalder Straße 9
Postal code:
30165
City:
Hannover Germany
Legal Entity Identifier (LEI):
529900A7YD9C0LLXM621
2. Reason for notification
Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X
Other reason: Voluntary group notification with triggeres threshold on subsidiary level due to changes within the group structure
3. Details of person subject to the notification obligation
Legal entity: AVGP Limited City of registered office, country: St Helier, Jersey
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
18 Nov 2020
6. Total positions
% of voting rights attached to shares (total of 7.a.)
% of voting rights through instruments (total of 7.b.1 + 7.b.2)
Total of both in % (7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New
3.03 %
0.00 %
3.03 %
200,005,983
Previous notification
3.003 %
0.00 %
3.003 %
/
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN
Absolute
In %
Direct (Sec. 33 WpHG)
Indirect (Sec. 34 WpHG)
Direct (Sec. 33 WpHG)
Indirect (Sec. 34 WpHG)
DE0005439004
0
6,068,695
0.00 %
3.03 %
Total
6,068,695
3.03 %
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument
Expiration or maturity date
Exercise or conversion period
Voting rights absolute
Voting rights in %
0
0.00 %
Total
0
0.00 %
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument
Expiration or maturity date
Exercise or conversion period
Cash or physical settlement
Voting rights absolute
Voting rights in %
0
0.00 %
Total
0
0.00 %
8. Information in relation to the person subject to the notification obligation
Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X
Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:
Name
% of voting rights (if at least 3% or more)
% of voting rights through instruments (if at least 5% or more)
Total of both (if at least 5% or more)
AVGP Limited
%
%
%
Atlantic Value Investment Partnership LP
%
%
%
Mondrian Investment Partners Holdings Limited
%
%
%
Mondrian Investment Partners Limited
3.03 %
%
%
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)
Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights
Proportion of instruments
Total of both
%
%
%
10. Other explanatory remarks:
This notification is being made solely as a result of a change in the subsidiary level group structure.
Date
24 Nov 2020
26.11.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Continental AG specializes in the design, manufacturing, and marketing of tires and automotive equipment. Net sales break down by family of products as follows:
- automotive systems (49%): basic brakes (No. 1 worldwide), electronic braking circuits (No. 2 worldwide), chassis components, control systems, etc.;
- tires (33.4%): automobile, motorcycle, light, industrial and farm trucks tires, etc.;
- technical elastomers (17.6%): products made of rubber (belts, tubing, and hoses), plastic materials for the automotive, railroad, mining, and similar industries.
Net sales are distributed geographically as follows: Germany (19.1%), Europe (29.4%), North America (26.6%), Asia (20.7%) and others (4.2%).
Continental AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution