Technotrans SE: Release according to Article 43, Section 2 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
August 27, 2020 at 10:54 am EDT
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DGAP Voting Rights Announcement: technotrans SE
technotrans SE: Release according to Article 43, Section 2 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
27.08.2020 / 16:54
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.
We refer to the voting rights notification pursuant to Article 33 WpHG dated August 17, 2020 of Luxunion S.A., Foyer Finance S.A., Luxempart S.A. and Luxempart PIPE SARL, Leudelange, Luxembourg (together 'Luxempart'). The aforementioned notifying parties informed us on August 26, 2020, in accordance with Article 43, section 1 WpHG, in connection with the exceeding of the 10% threshold on August 13, 2020, of the following:
Objectives pursued with the acquisition of voting rights (Article 43, section 1, sentence 3 WpHG):
1. Luxempart invests with the objective of generating long-term trading profits.
2. The notifying parties do not exclude the possibility of acquiring further voting rights depending on the market and company development.
3. The notifying parties generally intend to support the company in filling board positions through their influence and to strengthen the Supervisory Board in the long term to promote an active entrepreneurial approach.
4. The notifying parties intend to work towards an improvement of the capital efficiency of the issuer. A significant change of the capital structure of the company, especially with regard to the ratio between equity and debt financing as well as the dividend policy, is not intended.
Source of funds (Article 43, section 2, sentence 4 WpHG):
The acquisition of the voting rights was made with own funds.
27.08.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
technotrans SE is a Germany-based provider of liquid cooling technologies and solutions. The Company operates through two segments: Technology and Services. The Technology segment develops and markets system solutions and machinery in the area of cooling and temperature control, which comprise the Temperature Control business unit; filtering and separating, which comprise the Fluid Conditioning business unit, and spraying and pumping of liquids, which comprise the Ink & Fluid Technology business unit. The Services segment provides related services, such as worldwide installation, repair and maintenance, supply of spare parts and consulting, as well as software and documentation. It serves clients from various industries, such as industrial printing, laser technology, stamping and forming, medical technology and electro-mobility.
technotrans SE: Release according to Article 43, Section 2 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution