Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tessenderlo Group | EU:TESB | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.36 | -1.84% | 19.16 | 19.16 | 19.20 | 19.62 | 19.10 | 19.52 | 44,109 | 10:46:32 |
Disclosure in accordance with the requirements of the Transparency Law
Pursuant to the transparency legislation of May 2, 2007, Tessenderlo Group discloses the following information concerning the share capital of Tessenderlo Chemie NV (NYSE Euronext: TESB).
On November 6th, 2013, Verbrugge NV controlled by Picanol NV, notified Tessenderlo Group it acquired 8,744,069 shares or 27.52 % of the share capital of Tessenderlo Chemie. On the same day, SNPE a 99.9 % French state owned company, disclosed that its participation in the share capital of Tessenderlo Chemie NV has fallen below the 5 per cent threshold(1).
As a result of this transaction, the new capital structure of Tessenderlo Chemie NV is the following:
Picanol Group is a listed Belgian industrial company and a worldwide supplier of total solutions for the textile industry and other industries. With its entrance into Tessenderlo Chemie NV's capital, Tessenderlo Group obtains a solid Belgian shareholder base supportive of the company's long-term strategy.
Notifications:
According to Tessenderlo Chemie NV bylaws, the threshold as from which a shareholding needs to be disclosed has been set at 5%, as well as each multiple of 5%, in either direction. Notifications of important shareholdings to be made according to the Law of May 2, 2007 or Tessenderlo Chemie's bylaws, should be sent to philip.ludwig@tessenderlo.com , as well as to the Belgian Financial Services and Markets Authority (FSMA) at trp.fin@fsma.be.
This information will also be made available on www.tessenderlo.com/investors/information_for_the_shareholder/capital_structure/
(1) Read the transparency notifications of Picanol Group and SNPE SA on the Tessenderlo Group website.
Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 5,200 people and is a leader in most of its markets, with a consolidated revenue of 2.1 billion EUR in 2012. Tessenderlo Chemie NV is listed on NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes
Media Relations Investor Relations
Kathleen IWENS Philip LUDWIG
( +32 (0) 478 664 555 ( +32 2 639 16 58
Web site: http://www.tessenderlogroup.com
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