Significant Shareholding Notification by Ontex Group NV
Ontex Group NV is committed to transparency and compliance with regulatory requirements. Recently, the company disclosed a significant shareholding notification that it received regarding Black Creek Investment Management Inc. This notification aligns with the Belgian Law concerning significant shareholdings in publicly listed companies.
Details on Black Creek's Shareholding
On October 7, Black Creek Investment Management Inc. reported holding 2,442,764 voting securities, which equates to 2.97% of Ontex's voting rights. This shareholding position represented a downward shift below the 3% threshold, an important marker in shareholding disclosures.
Understanding the Notification Process
Shareholding notifications are an essential part of maintaining market integrity, providing insights into significant changes in voting securities. This particular notification was initiated due to Black Creek's discretionary investment management role, indicating its responsibility for managing voting rights in accordance with its clients' portfolios.
The Significance of Voting Rights
Voting rights are pivotal in corporate governance, influencing decision-making processes within companies. Black Creek's discretion in managing these rights demonstrates its capacity to act independently, exercising power without direct client instructions, which is an important aspect of its operational strategy.
Summary of Notification Details
Details of the notification are as follows:
- Notification reason: Acquisition of voting rights
- Entity subject to notification: Black Creek Investment Management Inc.
- Date of threshold crossing: October 7
- Current threshold position: 2.97% of voting rights
- Total shares on record: 82,347,218
Direct Contacts for Inquiries
Investors and interested parties can reach out to:
- Geoffroy Raskin: +32 53 33 37 30 (Email: investor.relations@ontexglobal.com)
- Maarten Verbanck: +32 53 33 36 20 (Email: corporate.communications@ontexglobal.com)
About Ontex Group NV
Ontex is a leading global player focused on the design and production of hygiene products, including those for baby care, feminine care, and adult care. The company's innovative offerings are marketed in over 100 nations, showcasing its commitment to quality and consumer satisfaction. With a dedicated workforce of approximately 7,500, Ontex operates across 14 countries, with its headquarters situated in Aalst, Belgium.
For the latest updates on Ontex, visit their official website or follow them on their social media platforms to engage with the brand and stay informed.
Frequently Asked Questions
What prompted Ontex to issue this notification?
The notification was triggered by Black Creek Investment Management Inc. crossing below the 3% threshold of voting rights, prompting a disclosure in compliance with regulations.
What does a 3% threshold mean for shareholders?
The 3% threshold is significant as it represents a crucial point in shareholding that necessitates disclosure to maintain market transparency and governance standards.
How can I contact Ontex for investor inquiries?
Investors can directly contact Geoffroy Raskin at +32 53 33 37 30 or email investor relations at investor.relations@ontexglobal.com.
What are Black Creek's responsibilities as an investment manager?
As an investment manager, Black Creek is responsible for managing voting rights according to its discretionary power on behalf of its clients, ensuring compliance with regulations.
Where is Ontex headquartered?
Ontex is headquartered in Aalst, Belgium, and operates in various countries while serving customers worldwide.
