Voting Rights Announcements | 9 November 2020 10:30


WashTec AG: Release according to Article 43, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

WashTec AG
09.11.2020 / 10:30
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.

By voting rights notification dated 5 November 2020, EQMC Europe Development Capital Fund Plc (‘ EQMC SICAV ‘), notified us that on 30 October 2020 EQMC SICAV exceeded the threshold of 10% of the voting rights in WashTec AG (‘ WashTec ‘) in accordance with sections 33, 34 WpHG.

In this context we were informed by EQMC SICAV pursuant to section 43 paragraph 1 sentence 3 WpHG as follows:
  1. The acquisition of the voting rights in WashTec serves to generate trading profits.
  2. Depending on the stock market price and the general economic situation of WashTec, EQMC SICAV might acquire further voting rights within the next twelve months.
  3. It is intended, by expressing opinions and/or deliberations, to exert influence on the appointment or removal of members of the administrative, managing and supervisory bodies of WashTec.
  4. Depending on the success of the ongoing management strategy, market conditions and available transaction opportunities, EQMC SICAV would evaluate proposing to the relevant bodies of WashTec introducing relevant changes to the capital structure or the dividend policy.
The acquisition of the shareholding of approximately 10.06% of the voting rights in WashTec by EQMC SICAV, which led to the aforementioned voting rights notification threshold being exceeded, was financed by its own equity.


09.11.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: WashTec AG
Argonstraße 7
86153 Augsburg
Germany
Internet: www.washtec.de

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