Source: https://www.boerse-express.com/news/articles/dgap-stimmrechte-ado-properties-sa-deutsch-225219
Timestamp: 2020-07-03 13:07:25
Document Index: 526417213

Matched Legal Cases: ['§ 40', 'Art. 8', 'Art. 8', 'Art. 9', 'Art. 12', 'Art. 12', 'Art. 420', 'Art. 420']

Börse Express - DGAP-Stimmrechte: ADO Properties S.A. (deutsch)
ISIN LU1250154413 | WKN A14U78 | Lang & Schwarz | 03.07.2020 | 15:01
24,70 EUR 0,48 (+1,98%)
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ADO Properties S.A.: Veröffentlichung gemäß § 40 Abs. 1 WpHG mit dem Ziel
30.06.2020 / 17:59
Form to be used for the purposes of notifying a change in major
holdings pursuant to the amended law and Grand-ducal Regulation of 11
January 2008 on transparency requirements for issuers (referred to as
'the Transparency Law' and 'the Transparency Regulation')
NOTIFICATION OF MAJOR
HOLDINGS (to be sent to
the relevant issuer and to
the CSSF)i
of existing shares to
which voting rights are
ADO Properties S.A. 1B
Heienhaff, L-1736
Senningerberg, Luxembourg;
2. Reason for the
notification (please tick
the appropriate box or
boxes): An acquisition or
An acquisition or disposal
of financial instruments X
An event changing the
breakdown of voting rights
3. Details of person
notification obligationiv:
Name: ADO Properties SA;    City and
Senningerberg, Luxembourg   country of
office (if
4. Full name of
shareholder(s) (if
different from 3.)v:
5. Date on which the        29/06/2020
threshold was crossed or
6. Total positions of
person(s) subject to the
% of voting   % of       Total  Total
rights        voting     of     number of
attached to   rights     both   voting
shares        through    in %   rights of
(total of     financial  (7.A   issuervii
7.A)          instru-    +
ments      7.B)
7.B.1 +
7.B.2)
Resulting situation on the  19.86 %       %          19.86  73,966,539
date on which threshold                              %
was crossed or reached
Position of previous        20.45 %       %          20.45
notification (if                                     %
7. Notified details of
situation on the date
on which the threshold
A: Voting rights
Class/type of shares    Num-    % of
ISIN code (if           ber     voting
possible)               of      rights
Direct (Art. 8 of the   Indi-   Direct       Indirect
Transparency Law)       rect    (Art. 8 of   (Art. 9 of
(Art.   the          the
9 of    Transparen-  Transparen-
the     cy Law)      cy Law)
14,692,889   %            19.86
SUBTOTAL A (Direct &            14,692,889
B 1: Financial
Instruments according
to Art. 12(1)(a) of
Type of financial       Expi-   Exercise/    Number of    % of
instrument              rati-   Conversion   voting       vo-
on      Periodxi     rights that  ting
datex                may be       right-
acquired if  s
SUBTOTAL                  %
B 2: Financial
similar economic
effect according to
Art. 12(1)(b) of the
Type of financial       Expi-   Exercise/    Physical or  Num-    % of
instrument              rati-   Conversion   cash         ber     voting
on      Periodxi     settlement-  of      rights
datex                xii          vo-
SUBTOTAL             %
8. Information in
relation to the person
obligation: (please
tick the applicable
box) Person subject to
obligation is not
controlled by any
natural person or
legal entity and does
not control any other
undertaking(s) holding
issuer.xiii X Full
chain of controlled
undertakings through
which the voting
are effectively held
legal entityxiv
(please provide a
in case of a complex
N                       Na-     % of         % of voting  Total   Directly
mexv    voting       rights       of      control-
rights       through      both    led by
held by      financial            (use
ultimate     instruments          number(s)
control-     held by              from 1st
ling         ultimate             column)
person or    controlling
entity or    person or
held         entity or
directly     held
by any       directly by
subsidiary   any
if it        subsidiary
equals or    if it
is higher    equals or
than the     is higher
notifiable   than the
threshold    notifiable
1                       ADO     19.86 %      %            19.86
Pro-                              %
2                       ADLER   19.86 %      %            19.86   1
Real                              %
3                       ADO     19.86 %      %            19.86   2
Group                             %
%            %            %
9. In case of proxy
voting: The proxy
holder named will
cease to hold w % and
rights as of .
informationxvi:
holds more than 90% of
the share capital of
ADLER Real Estate AG.
holds 100% of the
shares of ADO Group
Ltd which in turn
holds 19.86% of the
shares of ADO
Properties S.A.. For
doubt, the shares that
indirectly holds in
itself are not to be
considered 'own
shares' because it
does not hold shares
in itself through a
direct subsidiary (as
per Art. 420-23 (1) of
the 10 August 1915 law
companies, as amended)
but through an
(as per Art. 420-23(2)
of the 10 August 1915
law on commercial
companis, as amended).
Done at  Luxembourg  On  30/06/2020
i Please note that national forms may vary due to specific national
legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the
applicable thresholds or information regarding capital holdings.
ii Full name of the legal entity and further specification of the issuer or
underlying issuer, provided it is reliable and accurate (e.g. address, LEI,
domestic number identity).
iii Other reason for the notification could be voluntary notifications,
changes of attribution of the nature of the holding (e.g. expiring of
financial instruments) or acting in concert.
iv This should be the full name of (a) the shareholder; (b) the natural
person or legal entity acquiring, disposing of or exercising voting rights
in the cases provided for in Article 9 (b) to (h) of the Transparency Law;
or (c) the holder of financial instruments referred to in Article 12(1) of
the Transparency Law.
As the disclosure of cases of acting in concert may vary due to the specific
circumstances (e.g. same or different total positions of the parties,
entering or exiting of acting in concert by a single party) the standard
form does not provide for a specific method how to notify cases of acting in
In relation to the transactions referred to in points (b) to (h) of Article
9 of the Transparency Law, the following list is provided as indication of
the persons who should be mentioned:
- in the circumstances foreseen in letter (b) of Article 9 of that Law, the
natural person or legal entity that acquires the voting rights and is
entitled to exercise them under the agreement and the natural person or
legal entity who is transferring temporarily for consideration the voting
- in the circumstances foreseen in letter (c) of Article 9 of that Law, the
natural person or legal entity holding the collateral, provided the person
or entity controls the voting rights and declares its intention of
exercising them, and natural person or legal entity lodging the collateral
- in the circumstances foreseen in letter (d) of Article 9 of that Law, the
natural person or legal entity who has a life interest in shares if that
person or entity is entitled to exercise the voting rights attached to the
shares and the natural person or legal entity who is disposing of the voting
- in the circumstances foreseen in letter (e) of Article 9 of that Law, the
controlling natural person or legal entity and, provided it has a
notification duty at an individual level under Article 8, under letters (a)
to (d) of Article 9 of that Law or under a combination of any of those
- in the circumstances foreseen in letter (f) of Article 9 of that Law, the
deposit taker of the shares, if he can exercise the voting rights attached
to the shares deposited with him at his discretion, and the depositor of the
shares allowing the deposit taker to exercise the voting rights at his
- in the circumstances foreseen in letter (g) of Article 9 of that Law, the
natural person or legal entity that controls the voting rights;
- in the circumstances foreseen in letter (h) of Article 9 of that Law, the
proxy holder, if he can exercise the voting rights at his discretion, and
the shareholder who has given his proxy to the proxy holder allowing the
latter to exercise the voting rights at his discretion (e.g. management
v Applicable in the cases provided for in Article 9 (b) to (h) of the
Transparency Law. This should be the full name of the shareholder who is the
counterparty to the natural person or legal entity referred to in Article 9
of that Law unless the percentage of voting rights held by the shareholder
is lower than the 5% threshold for the disclosure of voting rights holdings
(e.g. identification of funds managed by management companies).
vi The date on which threshold is crossed or reached should be the date on
which the acquisition or disposal took place or the other reason triggered
the notification obligation. For passive crossings, the date when the
corporate event took effect.
vii The total number of voting rights shall be composed of all the shares,
including depository receipts representing shares, to which voting rights
are attached even if the exercise thereof is suspended.
viii If the holding has fallen below the 5% threshold, please note that it
is not necessary to disclose the extent of the holding, only that the new
holding is below that threshold.
ix In case of combined holdings of shares with voting rights attached
'direct holding' and voting rights 'indirect holding', please split the
voting rights number and percentage into the direct and indirect columns -
if there is no combined holdings, please leave the relevant box blank.
x Date of maturity/expiration of the financial instrument i.e. the date when
right to acquire shares ends.
xi If the financial instrument has such a period - please specify this
period - for example once every 3 months starting from [date].
xii In case of cash settled instruments the number and percentages of voting
rights is to be presented on a delta-adjusted basis (Article 12(2) of the
Transparency Law).
xiii If the person subject to the notification obligation is either
controlled and/or does control another undertaking then the second option
xiv The full chain of controlled undertakings starting with the ultimate
controlling natural person or legal entity also has to be presented in the
cases in which only on subsidiary level a threshold is crossed or reached
and the subsidiary undertaking discloses the notification as only then the
market always gets the full picture of the group holdings. In case of
multiple chains through which the voting rights and/or financial instruments
are effectively held the chains have to be presented chain by chain leaving
a row free between different chains (e.g.: A, B, C, free row, A, B, D, free
row, A, E, F etc.). Numbers shall be attributed to all persons or entities
within the group in column 1 in order to allow a clear indication of the
control structure in column 6. The names of all undertakings of the control
chain shall be provided in column 2, even if the number of the directly held
voting rights and/or financial instruments is not equal or higher than the
notifiable threshold. Columns 3 & 4 shall indicate the holdings of those
persons or entities directly holding the voting rights and/or financial
instruments if the holding is equal or higher than the notifiable threshold.
xv The names of controlled undertakings through which the voting rights
and/or financial instruments are effectively held have to be presented
irrespectively whether the controlled undertakings cross or reach the lowest
applicable threshold themselves.
1083005 30.06.2020
AXC0359 2020-06-30/17:59