Azelis Group NV: Transparency Notification

Rhea-AI Summary

Azelis Group NV received a transparency notification from Akita Management Participation 1 SCSp, reporting a downward crossing of the lowest threshold of 3.00% shares on September 23, 2022. Akita Management has chosen not to disclose its holdings below this threshold. The total number of shares for Azelis is 233,846,153. Akita's announcement was made on September 28, 2022, and the notification adheres to the Belgian Transparency Law of 2007, focusing on the acquisition or disposal of voting rights.

Positive

• None.

Negative

• Akita Management has reduced its holding below 3.00%, which may indicate a loss of confidence or interest in the company.
• The lack of transparency regarding their holdings below the threshold could raise concerns among investors.

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

In accordance with Article 14 of the Belgian Transparency law of 2 May 2007, Azelis Group NV (Brussels:AZE) has received the following transparency notification.

• Transparency notification from Akita Management Participation 1 SCSp

Summary of the notification

Akita Management Participation 1 SCSp has announced on September 28, 2022, that on September 23, 2022, it downward crossed the lowest threshold of 3.00% of the shares in Azelis Group NV. Akita Management Participation 1 SCSp has opted not to disclose its shareholding below the 3.00% threshold.

Reason for the notification

Downward crossing of the lowest threshold

Acquisition or disposal of voting securities or voting rights

Notification by

A person that notifies alone

Persons subject to the notification requirement

Name	Address (for legal entities)
Akita Management Participation 1 SCSp	51A Boulevard Royal, 2449 Luxembourg - Luxembourg

Date on which the threshold is crossed

23 September 2022

Threshold that is crossed (in %)

3%

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
Akita Management Participation 1 SCSp	7,580,306
	TOTAL

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

TOTAL (A & B)			# of voting rights	% of voting rights
		CALCULATE

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

Akita Management Participation 1 SCSp is not subject to any control from any of its shareholders.

Additional information

Not provided.

The full transparency notifications can be consulted on the Azelis Group NV’s website.

- Ends -

About Azelis

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in 57 countries across the globe with +3,000 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 51,000 customers, supported by ~2,300 principal relationships, creating a turnover of €2.8 billion. 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. EcoVadis Platinum rated, 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/20221003005598/en/

For more information, please contact:

Azelis

investor-relations@azelis.com

Source: Azelis

FAQ

What does the transparency notification from Akita Management indicate for Azelis Group NV (AZLGY)?

It indicates that Akita Management has reduced its shareholding in Azelis Group NV to below 3.00%, signaling a potential shift in investment strategy.

When did Akita Management cross the 3.00% threshold for Azelis Group NV (AZLGY)?

Akita Management crossed the 3.00% threshold on September 23, 2022.

What is the total number of shares for Azelis Group NV according to the notification?

The total number of shares for Azelis Group NV is 233,846,153.

What are the implications of Akita Management not disclosing its holdings below 3.00% for Azelis Group NV (AZLGY)?

This lack of disclosure could raise concerns about Akita’s confidence in Azelis Group NV and impact investor sentiment.

What legal obligation did Azelis Group NV fulfill with Akita Management's notification?

Azelis Group NV fulfilled its legal obligation under the Belgian Transparency Law of 2007 by reporting the notification from Akita Management.