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    GLJ   DE000A161N30

GRENKE AG

(GLJ)
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GRENKE AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

06/02/2021 | 07:36am EDT

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

02.06.2021 / 13:35
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: GRENKE AG
Street: Neuer Markt 2
Postal code: 76532
City: Baden-Baden
Germany
Legal Entity Identifier (LEI): 529900BHRYZ464GFD289

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

3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: USA, 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:
26 May 2021

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 0.03 % 4.70 % 4.73 % 46,495,573
Previous notification 0.48 % 4.89 % 5.37 % /

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)
DE000A161N30 0 11,838 0.00 % 0.03 %
Total 11,838 0.03 %

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 %
Right of recall over securities lending agreements at any time at any time 628,632 1.35 %
    Total 628,632 1.35 %

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 %
Equity Swap From 02.07.2021 to 03.04.2023 at any time Cash 1,557,873 3.35 %
      Total 1,557,873 3.35 %

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)
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley Capital Services LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley & Co. LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley International Holdings Inc. % % %
Morgan Stanley International Limited % % %
Morgan Stanley Investments (UK) % % %
Morgan Stanley & Co. International plc % % %

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
01 Jun 2021



02.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Internet: www.grenke.de

 
End of News DGAP News Service

1203711  02.06.2021 

fncls.ssp?fn=show_t_gif&application_id=1203711&application_name=news&site_id=zonebourse_sftp

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Sales 2021 566 M 671 M 671 M
Net income 2021 65,9 M 78,2 M 78,2 M
Net Debt 2021 5 310 M 6 297 M 6 297 M
P/E ratio 2021 25,9x
Yield 2021 1,21%
Capitalization 1 699 M 2 015 M 2 015 M
EV / Sales 2021 12,4x
EV / Sales 2022 12,8x
Nbr of Employees 1 844
Free-Float 56,1%
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Last Close Price 36,55 €
Average target price 46,67 €
Spread / Average Target 27,7%
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Sebastian Hirsch Chief Financial Officer & Director
Ernst-Moritz Lipp Chairman-Supervisory Board
Ljiljana Mitic Member-Supervisory Board
Jens R÷nnberg Vice Chairman-Supervisory Board
Norbert Freisleben Member-Supervisory Board