HGears AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
June 29, 2021 at 03:32 am EDT
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DGAP Voting Rights Announcement: hGears AG
hGears AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
29.06.2021 / 09:31
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:
hGears AG
Street:
Brambach 38
Postal code:
78713
City:
Schramberg Germany
Legal Entity Identifier (LEI):
529900AHQOSBXKH09981
2. Reason for notification
X
Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X
Other reason: Exercise of financial instruments
3. Details of person subject to the notification obligation
Legal entity: Finatem Fonds Management Verwaltungs GmbH City of registered office, country: Frankfurt/Main, Germany
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
Finatem III GmbH & Co. KG
5. Date on which threshold was crossed or reached:
18 Jun 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
35.81 %
0.00 %
35.81 %
10,400,000
Previous notification
32.28 %
7.53 %
39.81 %
/
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)
DE000A3CMGN3
0
3,724,403
0.00 %
35.81 %
Total
3,724,403
35.81 %
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)
Finatem Fonds Management Verwaltungs GmbH
%
%
%
Finatem III Management GmbH & Co. KG
%
%
%
Finatem III GmbH & Co. KG
35.81 %
%
35.81 %
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
22 Jun 2021
29.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
hGears AG ia a Germany-based manufacturer of high-precision gears and components with a focus on products for e-mobility applications. hGears develops, manufactures, and supplies precision components and sub-systems as well as complex full system solutions. Products include gears, sprockets, shafts, structural components, complete gearboxes and other components. The Company divides their business into three business areas: e-Mobility, e-Tools and other automotive and industrial applications. E-Mobility focuses on products for e-bike drive systems and drive train units for electric and hybrid vehicles. E-Tools focuses on components utilized in the powering mechanism of battery driven (e-drive), cordless power and gardening tools. Conventional focuses on gear units for various applications, such as rolling shutters and systems for heating, ventilation and air conditioning, motorbikes and non-combustion part precision components for vehicles.