JOST Werke AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
October 02, 2020 at 03:30 am EDT
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DGAP Voting Rights Announcement: JOST Werke AG
JOST Werke AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
02.10.2020 / 09:30
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:
JOST Werke AG
Street:
Siemensstraße 2
Postal code:
63263
City:
Neu-Isenburg Germany
Legal Entity Identifier (LEI):
529900G977BSS7DATK68
2. Reason for notification
Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X
Other reason: Notification is triggered due to the non application of the Trading Book Exemption which is available under Sect. 36 Para. 1 WpHG resulting from the non application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG
3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley City of registered office, country: Wilmington, Delaware, United States of America (USA)
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
Morgan Stanley & Co. International plc
5. Date on which threshold was crossed or reached:
25 Sep 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
5.72 %
0.04 %
5.75 %
14900000
Previous notification
0.27 %
0.01 %
0.27 %
/
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)
DE000JST4000
0
851972
0.00 %
5.72 %
Total
851972
5.72 %
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
5356
0.04 %
Total
5356
0.04 %
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)
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
5.12 %
%
5.13 %
-
%
%
%
Morgan Stanley
%
%
%
MSDW Offshore Equity Services Inc.
%
%
%
FUNDLOGIC SAS
%
%
%
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:
The notification was triggered predominately due to non application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG which resulted in the holdings of Morgan Stanley & Co. International plc crossing above 5%, as such the trading book exemption is no longer able to be applied to the holdings of Morgan Stanley & Co. International plc.
Date
30 Sep 2020
02.10.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
JOST Werke AG is a Germany-based company that manufactures truck and commercial vehicle components. The Company provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The Company's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
JOST Werke AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution