Understanding Agfa-Gevaert's Latest Transparency Disclosure
Agfa-Gevaert NV, headquartered in Mortsel, Belgium, operates under strict guidelines established for transparent disclosures concerning significant shareholdings. These guidelines are rooted in the Law regarding the disclosure of significant shareholdings, which establishes clear thresholds for public awareness on ownership stakes.
Shareholding Thresholds and Compliance
The bylaws of Agfa-Gevaert NV specify that a threshold of 3%, 5%, and multiples of 5% necessitates disclosure. This structure helps maintain clarity and integrity within the market for investors.
Recent Developments
As per a recent notification dated October 3, 2024, Active Ownership Capital S.à.r.l. disclosed a robust stake in Agfa-Gevaert, amounting to 29,538,699 shares, which corresponds to 19.08% of the company's total issued shares. This stake registers no threshold breach but indicates a detailed update in the voting power dynamics within the company.
Details of the Controlled Undertakings
The complexity of shareholding relations can be illustrated through the full chain of controlled undertakings:
- AOC Value S.A.S. and AOC Technology S.A.S. are under the control of Active Ownership Fund SICAV-FIS SCS.
- Active Ownership Capital S.à.r.l. serves as the general partner of Active Ownership Fund SICAV-FIS SCS.
- As of October 1, 2019, there was an agreement facilitating the appointment of Active Ownership Corporation S.à.r.l. as the AIFM for Active Ownership Fund SICAV-FIS SCS, enabling voting rights management.
- Active Ownership Corporation S.à.r.l. and Active Ownership Capital S.à.r.l. come under the control of Active Ownership Group Ltd. from Cyprus.
- This group is jointly controlled by two entities: Active Ownership Advisors GmbH and Active Ownership Investments Ltd., also from Cyprus.
- Lastly, Active Ownership Advisors GmbH is under the supervision of Florian Schuhbauer.
- Active Ownership Investments Ltd. is governed by Active Ownership LP from Cyprus, controlled by Active Ownership Management Ltd., under Klaus Röhrig’s oversight.
Implications of Share Ownership
At present, AOC Value S.A.S. and AOC Technology S.A.S. hold a combined share of 19.08% of voting rights within Agfa-Gevaert. This substantial percentage positions them significantly for influencing corporate decisions and strategies.
Regulatory Notifications
According to the laws governing shareholdings, all major changes in ownership must be communicated. Notifications must align with the stipulations laid out in the Law of May 2, 2007, as well as the specific guidelines set by Agfa-Gevaert NV.
About Agfa-Gevaert NV
Agfa-Gevaert Group has cemented its position as a leader in imaging technology and IT solutions across various industries over more than 150 years. The company maintains three core divisions: Radiology Solutions, HealthCare IT, and Digital Print & Chemicals, focusing on developing and marketing both analogue and digital systems tailored to healthcare and industrial applications.
In recent assessments, the Group reported a turnover of 1,150 million euros, reflecting its ongoing investment in innovation and market expansion.
Contact Information
For any further inquiries or detailed discussions regarding shareholdings, you can reach out to:
Viviane Dictus
Director Corporate Communications
Contact Number: ++32 0 3 444 7124
Email: viviane.dictus@agfa.com
Frequently Asked Questions
What is the significance of the 19.08% stake in Agfa-Gevaert?
This stake indicates a substantial level of influence over company decisions, accounting for a significant portion of voting rights.
Who controls Active Ownership Fund SICAV-FIS SCS?
The fund is controlled by Active Ownership Capital S.à.r.l., which is the general partner.
What drives Agfa-Gevaert's business model?
Agfa-Gevaert's success stems from its diverse offerings in imaging technology and IT solutions catering to various industries.
How often must shareholdings be disclosed?
Shareholdings above the established thresholds need to be disclosed typically whenever ownership changes significantly.
Who can I contact for more information regarding Agfa-Gevaert’s shareholdings?
You can contact Viviane Dictus, Director of Corporate Communications at Agfa-Gevaert, for inquiries related to shareholdings.
