Insights into KBC Group's Notification from BlackRock Stake

KBC Group's Transparency Notification Overview
KBC Group NV has received an important transparency notification regarding changes in BlackRock’s ownership stake. This notification, recently updated, highlights that BlackRock now holds a 4.12% share in KBC Group, incorporating voting rights and equivalent financial instruments.
The Significance of the Notification
This notification was issued due to a structural change within the BlackRock group. Understanding these shifts is crucial for shareholders and potential investors, as they can influence market perceptions and investment decisions related to KBC Group.
Details of the Transparency Notification
The notification presents several key pieces of information:
- Reason for the notification: “acquisition or disposal of control of an undertaking that holds a stake in an issuer.”
- Submitted by: BlackRock, Inc.
- Entities subject to the notification requirement are detailed in the annex.
- Notable dates include July 1, 2025, the date when the notification was updated.
- The threshold limitation set by KBC Group’s Articles of Association is 3% for total voting rights; legal thresholds of 5% or multiples thereof also apply. The objective of this notification was not merely to report on crossing thresholds but rather to inform about the structural shifts at BlackRock.
Understanding the Scope of the Notification
According to the details provided, the denominator representing KBC Group NV share count stands at 417,544,151 shares. This figure is vital as it establishes the basis for calculating ownership percentages among stakeholders.
- For additional details, interested parties can refer to the annex attached to the notification.
- The ownership chain through which the holding is accomplished can be reviewed in the document linked on KBC Group’s investor relations webpage.
- Moreover, the recent acquisition of HPS Investment Partners by BlackRock caused some structural adjustments in their organization, resulting in this updated stake notification.
Corporate Communication Contacts
For more information regarding this notification, individuals can reach out to:
Kurt De Baenst, General Manager, Investor Relations, KBC Group
E-mail: IR4U@kbc.com
Katleen Dewaele, General Manager, Corporate Communication/Spokesperson, KBC Group
E-mail: pressofficekbc@kbc.be
FAQs
What is the percentage of ownership that BlackRock has in KBC Group?
BlackRock currently holds a 4.12% stake in KBC Group.
Why was there an update in the transparency notification?
The update resulted from a change in BlackRock's group structure, following their acquisition of HPS Investment Partners.
How can I access detailed information about the notification?
Detailed information can be accessed through the investor relations section on KBC Group's official website.
What is KBC Group's threshold for notification requirements?
KBC Group's Articles of Association set a notification threshold of 3% for voting rights, with legal thresholds of 5% also being applicable.
Who should I contact for inquiries regarding the notification?
For inquiries, you can contact Kurt De Baenst or Katleen Dewaele via their provided email addresses.
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