Azelis Group NV: Transparency notification

Rhea-AI Summary

Azelis Group NV announced a transparency notification on April 11, 2023, indicating that the Public Sector Pension Investment Board (PSP Investments) sold shares, reducing its stake below 10% on April 6, 2023. Following the transaction, PSP Investments holds 20,787,122 shares, representing 8.89% of the total shares outstanding (233,846,153), down from the previous holding of 12.14% (28,387,122 shares) reported in October 2021. The reduction signifies a shift in control dynamics as PSP Investments was previously one of the significant shareholders. The overall notification is mandated under the Belgian Transparency law of May 2, 2007.

Positive

• None.

Negative

• PSP Investments' stake dropped below 10%, indicating potential loss of influence over company decisions.
• Previous holding was significantly higher at 12.14%, reflecting a substantial decline in confidence or strategy shift.

ANTWERP, Belgium--(BUSINESS WIRE)-- Regulatory News:

In accordance with Article 14 of the Belgian Transparency law of 2 May 2007, Azelis Group NV announces that it has received the following transparency notification on April 11, 2023:

• Transparency notification from Public Sector Pension Investment Board/PSP Investments Holding Europe Ltd

1. Summary of the notification

Public Sector Pension Investment Board reported in a notification dated April 11, 2023 that on April, 6, 2023, following a disposal of voting securities, its shareholding decreased and crossed downwards the threshold of 10.00% in Azelis Group NV.

On April 6, 2023, Public Sector Pension Investment Board (taking into account the holding of its affiliates) owned 20,787,122 shares with voting rights, representing 8.89% of the total number of shares issued by the company (233,846,153), versus 12.14 % (28,387,122 shares) in the previous notification dated October 4, 2021.

2. Content of the notification

Reason for the notification

Acquisition or disposal of voting securities or voting rights and downward crossing of a threshold.

Notification by

A parent undertaking or a controlling person

Persons subject to the notification requirement

Name		Address (for legal entities)
Public Sector Pension Investment Board		1250 René-Lévesque Boulevard West, Suite 1400 Montréal, Québec, Canada H3B 5E9
PSP Investments Holding Europe Ltd		10 Bressenden Place 8th Floor - London SW1E 5DH United Kingdom

Date on which the threshold is crossed

6 April 2023

Threshold that is crossed (in %)

10%

Denominator

233,846,153

Notified details

A) Voting rights	Previous notification	After the transaction
	# of voting rights	# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
Public Sector Pension Investment Board	0	0	0	0.00%	0.00%
PSP Investments Holding Europe Ltd	28,387,122	20,787,122	0	8.89%	0.00%
Subtotal	28,387,122	20,787,122		8.89%	0.00%
	TOTAL	20,787,122	0	8.89%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
	TOTAL			0	0.00%

TOTAL (A & B)					# of voting rights	% of voting rights
			Calculate	20,787,122		8,89

Chain of controlled undertakings through which the holding is effectively held, if applicable

PSP Investments Holding Europe Ltd is controlled by Public Sector Pension Investment Board. All of the shares of the Public Sector Pension Investment Board are directly held by the Government of Canada (his Majesty in right of Canada) , by the President of the Treasury Board of Canada, a Canadian Cabinet Minister. The shares are held by the Minister as a fiduciary on behalf of His Majesty the King in right of Canada, and as a formal requirement of the ministerial office of the President of the Treasury Board, and do not represent any control of PSPIB by the Minister, as these shares are non-voting.

Additional information

3. Further information

The full transparency notification as well as this press release can be consulted on the Azelis Group NV’s website.

About Azelis

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry, present in 63 countries across the globe with over 3,800 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 59,000 customers, supported by +2,700 principal relationships, creating a turnover of €4.1 billion (2022). Azelis Group NV is listed on Euronext Brussels under ticker AZE.

Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers’ product development process. We combine a global market reach with a local footprint to offer a reliable, integrated, and unique digital service to local customers and attractive -business opportunities to principals. Top industry-rated by Sustainalytics, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005476/en/

For more information, please contact:

Azelis

investor-relations@azelis.com

Source: Azelis Group NV

FAQ

What was the significance of the April 11, 2023 notification for AZLGY?

The notification indicated that PSP Investments reduced its stake in Azelis Group NV to below 10%, which signifies a change in shareholding dynamics.

What percentage of shares does PSP Investments currently hold in AZLGY?

As of April 6, 2023, PSP Investments holds 8.89% of Azelis Group NV's shares.

When did PSP Investments reduce its stake in AZLGY?

PSP Investments reduced its stake on April 6, 2023.

How did PSP Investments' shareholding change from the previous notification?

PSP Investments' shareholding decreased from 12.14% to 8.89%, marking a reduction of over 3%.

What is the total number of shares issued by AZLGY?

Azelis Group NV has a total of 233,846,153 shares issued.