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Subject:

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

Details of issuer

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Name:

Covestro AG

Street, Street number:

Kaiser-Wilhelm-Allee 60

Postal code, city:

51373 Leverkusen

Legal Entity Identifier (LEI):

3912005AWHKLQ1CPLV11


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Reason for notification:

Acquisition/​disposal of shares with voting rights

Details of person subject to the notification obligation:

Morgan Stanley
Wilmington, Delaware
United States of America (USA)

Name(s) of shareholder(s):

Morgan Stanley & Co. International plc

Date on which threshold was crossed or reached:

2025-03-04


Total positions

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% of voting rights attached to shares
(total of details on total
positions a.)

% of voting rights through instruments
(total of details on total
positions b.1. + b.2.)

Total of both in %
(details on total
positions a. + b.)

Total number of
voting rights
pursuant to
Sec. 41 WpHG

New

8.3 %

1.71 %

10.01 %

189000000

Previous notification

7.23 %

2.29 %

9.52 %

 


Details on total positions


a. Voting rights attached to shares (Sec. 33, 34 WpHG)

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ISIN

Absolute

In %

Direct (Sec. 33 WpHG)

Indirect (Sec. 34 WpHG)

Direct (Sec. 33 WpHG)

Indirect (Sec. 34 WpHG)

DE0006062144

0

15688711

0 %

8.3 %

Total

15688711

8.3 %


b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

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Type of instrument

Expiration or maturity date

Exercise or conversion period

Voting rights absolute

Voting rights in %

Equity Call Option

From 21.03.2025 to 20.06.2025

at any time

300000

0.16 %

Right of recall over securities lending agreements

at any time

at any time

244090

0.13 %

Total

544090

0.29 %


b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

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Type of instrument

Expiration or maturity date

Exercise or conversion period

Cash or physical settlement

Voting rights absolute

Voting rights in %

Equity Put Option

From 21.03.2025 to 18.12.2026

at any time

Physical

290000

0.15 %

Retail Structured Product

From 16.03.2071 to 19.09.2073

at any time

Cash

157

0 %

Equity Swap

From 13.03.2025 to 24.02.2026

at any time

Cash

2394563

1.27 %

Total

2684720

1.42 %


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Information in relation to the person subject to the notification obligation:

Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:
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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, LLC

%

%

%

Morgan Stanley Capital Services LLC

%

%

%

-

%

%

%

Morgan Stanley

%

%

%

Morgan Stanley Capital Management, LLC

%

%

%

Morgan Stanley & Co. LLC

%

%

%

-

%

%

%

Morgan Stanley

%

%

%

Morgan Stanley International Holdings Inc.

%

%

%

Morgan Stanley International Limited

%

%

%

Morgan Stanley Investments (UK)

%

%

%

Morgan Stanley & Co. International plc

7.17 %

%

7.57 %

-

%

%

%

Morgan Stanley

%

%

%

Morgan Stanley Capital Management, LLC

%

%

%

Morgan Stanley Smith Barney LLC

%

%

%


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In case of proxy voting according to Sec. 34 (3) WpHG:

Date of general meeting:  


Total positions after general meeting

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% of voting rights attached to shares

% of voting rights through instruments

Total of both

%

%

%


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Other useful information:

Please note the holdings represent the aggregate of positions held across the ISINs DE0006062144 and DE000A40KY26. ISIN DE000A40KY26 relates to shares tendered as part of the ADNOC International Germany Holding AG takeover offer.


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Date:

2025-03-07


Information about mandatory publication:

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Obligatory publication in/​about:

EQS Group AG, veröffentlicht über Thomson Reuters, Bloomberg und vwd

Obligatory publication on:

09.03.2025

Language of the document:

English