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MarketScreener Homepage  >  Equities  >  Xetra  >  OSRAM Licht AG    OSR   DE000LED4000

OSRAM LICHT AG

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OSRAM Licht AG: Release according to Articles 40, Section 1 sentence 1 and 43 para. 2 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

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08/06/2020 | 07:25am EDT

DGAP Voting Rights Announcement: OSRAM Licht AG
OSRAM Licht AG: Release according to Articles 40, Section 1 sentence 1 and 43 para. 2 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

06.08.2020 / 12:20
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.


Release pursuant to section 40 para. 1 sentence 1 and 43 para. 2 German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)

By voting rights notification dated 10 July 2020, ams AG, Premstätten, Austria, notified us that on 8 July 2020 it exceeded the threshold of 25% of the voting rights in OSRAM Licht AG within the meaning of sections 33, 34 WpHG.

In this context ams AG informed us on 5 August 2020 pursuant to section 43 paragraph 1 sentences 1, 3 and 4 WpHG as follows:

1. The acquisition of the voting rights in OSRAM Licht AG serves to implement strategic objectives.

2. It is planned to acquire further voting rights in OSRAM Licht AG within the next twelve months.

3. ams AG intends to be represented in the Supervisory Board of OSRAM Licht AG in a manner appropriate to its shareholding in OSRAM Licht AG. In case of future decisions on the composition of the Management Board of OSRAM Licht AG, representatives of ams AG would therefore also be involved in such decision-making process.

4. No material change in the capital structure of OSRAM Licht AG, in particular as regards the ratio between equity and debt and the dividend policy, is currently intended.

The acquisition of the shareholding in OSRAM Licht AG by ams AG, which led to the aforementioned voting rights notification threshold being exceeded, was financed by equity and debt means.



06.08.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: OSRAM Licht AG
Marcel-Breuer-Straße 6
80807 München
Germany
Internet: www.osram-group.com

 
End of News DGAP News Service

1111765  06.08.2020 

fncls.ssp?fn=show_t_gif&application_id=1111765&application_name=news&site_id=zonebourse
© EQS 2020

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Sales 2020 3 052 M 3 585 M 3 585 M
Net income 2020 -170 M -200 M -200 M
Net Debt 2020 441 M 518 M 518 M
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Technical analysis trends OSRAM LICHT AG
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TrendsBullishBullishBullish
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Mean consensus HOLD
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Average target price 44,06 €
Last Close Price 50,78 €
Spread / Highest target 57,5%
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Spread / Lowest Target -33,0%
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