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    1COV   DE0006062144

COVESTRO AG

(1COV)
  Report
Real-time Estimate Tradegate  -  12:41:13 2023-02-08 pm EST
42.51 EUR   -0.50%
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PVR: Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

11/30/2022 | 11:42am EST

EQS Voting Rights Announcement: Covestro AG
Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

30.11.2022 / 17:41 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - 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: Covestro AG
Street: Kaiser-Wilhelm-Allee 60
Postal code: 51373
City: Leverkusen
Germany
Legal Entity Identifier (LEI): 3912005AWHKLQ1CPLV11

2. Reason for notification
X Acquisition/disposal of shares with voting rights
X Acquisition/disposal of instruments
  Change of breakdown of voting rights
  Other reason:

3. Details of person subject to the notification obligation
Legal entity: The Goldman Sachs Group, Inc.
City of registered office, country: Wilmington, DE, United States of America (USA)

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:
25 Nov 2022

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 0,67 % 4,43 % 5,11 % 193200000
Previous notification 0,79 % 4,20 % 4,99 % /

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)
DE0006062144 0 1070273 0 % 0,55 %
US22304D2071 0 231708 0 % 0,12 %
Total 1301981 0,67 %

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 %
Right To Recall Open 718384 0,37 %
Right Of Use Open 866277 0,45 %
Swap 15.10.2026 34011 0,02 %
Call Warrant 15.10.2026 80564 0,04 %
Future 15.12.2023 156580 0,08 %
Call Option 20.12.2024 1280300 0,66 %
    Total 3136116 1,62 %

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 %
Call Warrant 31.12.2030 Cash 1348513 0,70 %
Swap 10.08.2037 Cash 2466012 1,28 %
Put Option 20.12.2024 Physical 1615561 0,84 %
      Total 5430086 2,81 %

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)
The Goldman Sachs Group, Inc. % % %
GSAM Holdings LLC % % %
Goldman Sachs Asset Management, L.P. % % %
- % % %
The Goldman Sachs Group, Inc. % % %
GSAM Holdings LLC % % %
NNIP Holdings LLC % % %
NNIP UK Holdings I Ltd % % %
NNIP UK Holdings II Ltd % % %
NNIP Holdings I B.V. / NNIP Holdings II B.V. % % %
NN Investment Partners Holdings B.V. % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman, Sachs & Co. Wertpapier GmbH % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs Bank USA % % %
Goldman Sachs Bank Europe SE % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs & Co. LLC % % %
- % % %
The Goldman Sachs Group, Inc. % % %
IMD Holdings LLC % % %
United Capital Financial Partners, Inc. % % %
United Capital Financial Advisers, LLC % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs (UK) L.L.C. % % %
Goldman Sachs Group UK Limited % % %
Goldman Sachs International % % %

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:
 

Date
29 Nov 2022



30.11.2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Covestro AG
Kaiser-Wilhelm-Allee 60
51373 Leverkusen
Germany
Internet: www.covestro.com

 
End of News EQS News Service

1502239  30.11.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1502239&application_name=news&site_id=zonebourse_sftp

ę EQS 2022
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Financials
Sales 2022 18 089 M 19 347 M 19 347 M
Net income 2022 61,9 M 66,2 M 66,2 M
Net Debt 2022 2 389 M 2 555 M 2 555 M
P/E ratio 2022 159x
Yield 2022 1,52%
Capitalization 8 252 M 8 825 M 8 825 M
EV / Sales 2022 0,59x
EV / Sales 2023 0,64x
Nbr of Employees 18 064
Free-Float 97,4%
Chart COVESTRO AG
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Technical analysis trends COVESTRO AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 42,72 €
Average target price 42,37 €
Spread / Average Target -0,82%
EPS Revisions
Managers and Directors
Markus Steilemann Chief Executive Officer
Thomas Toepfer Chief Financial Officer & Labor Director
Richard Pott Chairman-Supervisory Board
Klaus Schńfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
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