Befesa S.A.: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

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Befesa S.A.

07.02.2018 / 18:45
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

Release according to Article 40, Section 1 of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG) and Art. 11 (6) of the Transparency Law dated 11 January 2008 of the Great-Duchy of Luxembourg (the Transparency Law) with the objective of Europe-wide distribution

Befesa S.A.

7 February 2018

 

1. Details of the Issuer:

Befesa S.A.
2C, rue Albert Borschette
L-1246 Luxembourg
Grand Duchy of Luxembourg

2. Reason for the notification:

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation:

Name: City and country of registered office (if applicable):

BILBAO LUXCO S.A. Luxembourg, Grand Duchy of Luxembourg
TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation) Luxembourg, Grand Duchy of Luxembourg
VULCAN CO-INVEST S.A R.L. Luxembourg, Grand Duchy of Luxembourg
TRITON FUND IV F&F L.P. St Helier, Jersey
TFF IV LIMITED St Helier, Jersey
MO NOMINEES (JERSEY) ONE LIMITED acting
as trustee of TIV CHARITABLE TRUST Jersey
TRITON MASTERLUXCO 4 S.Ä R.L. Luxembourg, Grand Duchy of Luxembourg
BILBAO HOLDCO S.Ä R.L. Luxembourg, Grand Duchy of Luxembourg

TRITON FUND IV LP (acting through its general partner TRITON FUND IV GENERAL PARTNER LP acting through
its general partner TRITON MANAGERS IV LIMITED)
St Helier, Jersey
 

TRITON MANAGERS IV LIMITED St Helier, Jersey
TRITON PARTNERS (HOLDCO) LIMITED St Helier, Jersey

CAREZO (GUERNSEY) LIMITED (acting through its nominee ADDISON NOMINEES LIMITED)
PEDER ERIK PRAHL
Guernsey
 
4. Full name of shareholder(s) (if different from 3.) :

BILBAO LUXCO S.A.
TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation)
VULCAN CO-INVEST S.Ä R.L.
 
5. Date on which the threshold was crossed or reached':
3 November 2017'
for BILBAO LUXCO S.A., TRITON MASTERLUXCO 4 S.Ä R.L., TRITON FUND IV F&F L.P., TFF IV LIMITED, MO NOMINEES (JERSEY) ONE LIMITED acting as trustee of TIV CHARITABLE TRUST, BILBAO HOLDCO S.Ä R.L., TRITON FUND IV LP (acting through its general partner TRITON FUND IV GENERAL PARTNER LP acting through its general partner TRITON MANAGERS IV LIMITED), TRITON MANAGERS IV LIMITED, TRITON PARTNERS (HOLDCO) LIMITED, CAREZO (GUERNSEY) LIMITED (acting through its nominee ADDISON NOMINEES LIMITED) and PEDER ERIK PRAHL

20 November 20172 and 30 January 20183 for VULCAN CO-INVEST S.Ä R.L.
28 November 20174 for TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation)
 
6. Total positions of person(s) subject to the notification obligation:  
  % of voting rights
attached to shares
(total of 7.A)
% of voting rights
through financial
Instruments
(total of 7.B.1 + 7.B.2)
Total of both in %
(7.A + 7.6)
Total number of voting rights of issuer  
BILBAO LUXCO S.A.  
Resulting situation on the date on which threshold was crossed or reached on 3 November 2017 58 %5 - % 58 % 19,758,705  
notification (if applicable) 100%6 Position of previous

- %
100 %    
TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation)  
Resulting situation on the date on which threshold was crossed or reached on 28 November 2017 Below 5%7 - % Below 5% Below 5%  
 

1 see additional information under section 10 below
2 see additional information under section 10 below

3 see additional information under section 10 below
4 see additional information under section 10 below

5 see additional information under section 10 below.

6 see additional information under section 10 below.
7 see additional information under section 10 below

Position of previous notification (if applicable) 7.28%8 - % 7.28%  
VULCAN CO-INVEST S.Ä R.L.
Resulting situation on the date on which first threshold was crossed or reached on 20 November 2017 7.28 %9 - % 7.28 % 2,480,166
Resulting situation on the date on which second threshold was crossed or reached on 30 January 2018 Below 5%10 - % Below 5% Below 5%
TRITON FUND IV F&F L.P., TFF IV LIMITED, MO NOMINEES (JERSEY) ONE LIMITED acting as trustee of TIV CHARITABLE TRUST
Resulting situation on the date on which threshold was crossed or reached on 3 November 2017 29 % - % 29 % 9,879,352.50
Position of previous notification (if applicable) 50 % - % 50 %  
TRITON MASTERLUXCO 4 S.Ä R.L., BILBAO HOLDCO S.Ä R.L., TRITON FUND IV LP (acting through its general partner TRITON FUND IV GENERAL PARTNER LP acting through its general partner TRITON MANAGERS IV LIMITED), TRITON MANAGERS IV LIMITED, TRITON PARTNERS (HOLDCO) LIMITED, CAREZO (GUERNSEY) LIMITED (acting through its nominee ADDISON NOMINEES LIMITED), PEDER ERIK PRAHL
Resulting situation on the date on which threshold was crossed or reached on 3 November 2017 29 % - % 29 % 9,879,352.50
notification (if 50 % Position of previous
applicable)

- %
50 %  
 

8 see additional information under section 10 below
9 see additional information under section 10 below

10 see additional information under section 10 below

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached'':
A: Voting rights attached to shares
Class/type of
shares

ISIN
code (if possible)
Number of voting rights' % of voting rights
Direct

(Art 8 of the
Transparency Law)
Indirect

(Art 9 of the
Transparency Law)
Direct

(Art 8 of the
Transparency Law)
Indirect

(Art 9 of the
Transparency Law)
BILBAO LUXCO S.A. :
Ordinary shares (ISIN: LU1704650164) on 3 November 2017 17,278,539 2,480,166 50.72 % 7.28 %
SUBTOTAL A
(Direct & Indirect)
19,758,705 58 %
TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation) :
Ordinary shares (ISIN: LU1704650164) on 28 November 2017 Below 5% Below 5% Below 5% Below 5%
SUBTOTAL A
(Direct & Indirect)
Below 5% Below 5%
VULCAN CO-INVEST S.Ä R.L.:
Ordinary shares (ISIN: LU1704650164) on 20 November 2017 0 2,480,166 0% 7.28%
SUBTOTAL A

(Direct & Indirect) on 20

November 2017
2,480,166 7.28%
Ordinary shares (ISIN: LU1704650164) on 30 January 2018 Below 5% Below 5% Below 5% Below 5%
SUBTOTAL A

(Direct & Indirect) on 30

January 2018
Below 5% Below 5%
TRITON FUND IV F&F L.P., TFF IV LIMITED, MO NOMINEES (JERSEY) ONE LIMITED acting as trustee of TIV CHARITABLE TRUST:
Ordinary shares (ISIN: LU1704650164) on 3 November 2017 0 9,879,352.50 0% 29%
SUBTOTAL A
(Direct & Indirect)
9,879,352.50 29%
 
TRITON MASTERLUXCO 4 S.Ä R.L., BILBAO HOLDCO S.Ä R.L., TRITON FUND IV LP (acting through its general partner TRITON FUND IV GENERAL PARTNER LP acting through its general partner TRITON MANAGERS IV LIMITED), TRITON MANAGERS IV LIMITED, TRITON PARTNERS (HOLDCO) LIMITED, CAREZO (GUERNSEY) LIMITED (acting through its nominee ADDISON NOMINEES LIMITED), PEDER ERIK PRAHL:
Ordinary shares (ISIN: LU1704650164) an 3 November 2017 0 9,879,352.50 0% 29%
SUBTOTAL A
(Direct & Indirect)
9,879,352.50 29%
 
B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law
Not applicable.
 
B 2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the Transparency Law
Not applicable.
 
8. Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please provide a separate organizational chart in case of a complex structure)
N Name- % of voting rights
held by ultimate
controlling person
or entity or held
directly by any
subsidiary if it
equals or is
higher than the
notifiable
threshold
% of voting rights
through financial
Instruments held
by ultimate
controlling person
or entity c:1* held
directly by any
subsidiary if it
equals or is
higher than the
notifiable
threshold
Total of both Directly controlled by (use number(s) from 1st column)
1 PEDER ERIK PRAHL 29 % on
3 November 2017
-% 29 % on
3 November 2017
 
26.32% on
10 November 2017
26.32% on
10 November 2017
26.25% on
28 November 2017
26.25% on
28 November 2017
2 CAREZO

(GUERNSEY)

LIMITED
-% -% -% 1
3 ADDISON
NOMINEES LIMITED
-% -% -% 2
4 TRITON PARTNERS (HOLDCO) LIMITED -% -% -% 3
5 TRITON MANAGERS IV LIMITED -% -% -% 4
6 TRITON FUND IV LP (acting through its general partner TRITON FUND IV GENERAL PARTNER LP acting through its general partner TRITON MANAGERS IV LIMITED) -% -% -% 5
 
7 BILBAO HOLDCO S.Ä R.L. -% -% -% 6
8 TRITON

MASTERLUXCO 4 S.Ä R.L.
-% -% -% 7
9 BILBAO LUXCO S.A. 50.72% on
3 November 2017
-% 50.72% on
3 November 2017
8 + 14
45.36% on

10 November 2017
45.36% on

10 November 2017
49.46% on
30 January 2018
49.46% on
30 January 2018
10 VULCAN CO-INVEST S.Ä R.L. 7.15% on
28 November 2017
-% 7.15% on
28 November 2017
9
Below 5 % on
30 January 2018
Below 5 % on
30 January 2018
11 TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation) Below 5 % on 28 November 2017 -% Below 5 % on 28 November 2017 10
 
12 MO NOMINEES (JERSEY) ONE LIMITED acting as trustee of TIV CHARITABLE TRUST 29 % on
3 November 2017
-% 29 % on
3 November 2017
 
26.32% on
10 November 2017
26.32% on
10 November 2017
26.25% on
28 November 2017
26.25% on
28 November 2017
13 TFF IV LIMITED -% -% -% 12
14 TRITON FUND IV F&F L.P. -% -% -% 13
9 BILBAO LUXCO S.A. 50.72% on
3 November 2017
-% 50.72% on
3 November 2017
14 + 8
45.36% on
10 November 2017
45.36% on
10 November 2017
49.46% on
30 January 2018
49.46% on
30 January 2018
10 VULCAN CO-INVEST S.Ä R.L. 7.15% on
28 November 2017
-% 7.15% on
28 November 2017
9
Below 5 % on
30 January 2018
  Below 5 % on
30 January 2018
11 TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation) Below 5 % on 28 November 2017 -% Below 5 % on 28 November 2017 10
 

9. In case of proxy voting:

Not applicable.

10. Additional information-:

I. Evolution of holding of BILBAO LUXCO S.A.

On the date of the initial public offering of Befesa S.A. an 3 November 2017, the holding of BILBAO LUXCO S.A. held directly and indirectly through its controlled entity TRITON LUXEMBOURG II GP BILBAO SCA fell from 100% representing a total of 34,066,705.- voting rights to 58% representing a total of 19,758,705 voting rights.

After the initial public offering of Befesa S.A., the direct and indirect holding of BILBAO LUXCO S.A. evolved as follows:

1. On 10 November 2017, it fell to 52.64% representing a total of 17,932,126 voting rights following the partial exercise of the greenshoe option;

2. On 28 November 2017, it fell to 52.50% representing a total of 17,886,474 voting rights as a result of the putting into liquidation of TRITON LUXEMBOURG II GP BILBAO SCA and the distribution of the shares held by it in Befesa S.A. to shareholders (the 'Liquidation Distribution') as part of the 'Shareholder Restructuring' disclosed in the listing and offering prospectus of Befesa S.A. dated 20 October 2017 (the 'Prospectus');

3. On 30 January 2018, the direct holding increased to 49.46% and the indirect holding through its controlled entity VULCAN CO-INVEST S.A R.L fell to 3.04% following the redemption by VULCAN CO-INVEST S.Ä R.L of all the Class A shares held by BILBAO LUXCO S.A. in exchange for part of the shares held by VULCAN CO-INVEST S.A R.L in Befesa S.A. (the 'Share Redemption') as part of the 'Shareholder Restructuring' disclosed in the Prospectus.

II. Evolution of holding of TRITON LUXEMBOURG II GP BILBAO SCA (in liquidation)

After the initial public offering of Befesa S.A., the direct and indirect holding of TRITON LUXEMBOURG II GP BILBAO SCA evolved as follows:

1. On 28 November 2017, the (direct) holding of TRITON LUXEMBOURG II GP BILBAO SCA fell from 7.28% representing a total of 2,480,166 voting rights to below 5% as a result of the Liquidation Distribution as part of the 'Shareholder Restructuring' disclosed in the Prospectus.

III. Evolution of holding of VULCAN CO-INVEST S.Ä R.L.

After the initial public offering of Befesa S.A., the direct and indirect holding of VULCAN CO-INVEST S.A R.L. evolved as follows:

1. On 20 November 2017, VULCAN CO-INVEST S.A R.L. reached an (indirect) holding through its controlled entity TRITON LUXEMBOURG II GP BILBAO SCA of 7.28% representing a total of 2,480,166 voting rights as a result of the contribution of part of the shares in TRITON LUXEMBOURG II GP BILBAO SCA to VULCAN CO-INVEST S.A R.L. (the 'Share Contribution') as part of the 'Shareholder Restructuring' disclosed in the Prospectus;

2. On 28 November 2017, VULCAN CO-INVEST S.Ä R.L. reached a (direct) holding of 7.15% representing a total of 2,434,514 voting rights as a result of the Liquidation Distribution as part of the 'Shareholder Restructuring' disclosed in the Prospectus.

3. On 30 January 2018, the (direct) holding fell to below 5% following the Share Redemption as part of the 'Shareholder Restructuring' disclosed in the Prospectus.

Company information

Company: Befesa S.A.
2C, rue Albert Borschette
L-1246 Luxembourg
Grand Duchy of Luxembourg

LEI: 222100VXGA8L6J4ZWG61
ISIN: LU1704650164

Contact: Rafael Pérez
E-mail: irbefesa@befesa.com
Internet: www.befesa.com



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