Covestro AG: Release according to Article 40, Section 1 of the WpHG (the
German Securities Trading Act) with the objective of Europe-wide distribution
EQS Voting Rights Announcement: Covestro AG
Covestro AG: Release according to Article 40, Section 1 of the WpHG (the
German Securities Trading Act) with the objective of Europe-wide
distribution
05.07.2024 / 14:44 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Notification of Major Holdings
1. Details of issuer
Name: Covestro AG
Street: Kaiser-Wilhelm-Allee 60
Postal code: 51373
City: Leverkusen
Germany
Legal Entity Identifier (LEI): 3912005AWHKLQ1CPLV11
2. Reason for notification
Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X Other reason:
voluntary group notification with triggered threshold on subsidiary
level
3. Details of person subject to the notification obligation
Legal entity: Bank of America Corporation
City of registered office, country: Wilmington, DE, United States of
America (USA)
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
03 Jul 2024
6. Total positions
% of voting % of voting rights Total of Total number of
rights attached through both in % voting rights
to shares instruments (total (7.a. + pursuant to
(total of 7.a.) of 7.b.1 + 7.b.2) 7.b.) Sec. 41 WpHG
New 0.52 % 8.40 % 8.92 % 189000000
Previo- 0.24 % 6.06 % 6.30 % /
us
notifi-
cation
7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
Direct (Sec. Indirect (Sec. Direct (Sec. Indirect
33 WpHG) 34 WpHG) 33 WpHG) (Sec. 34
WpHG)
DE0006062144 0 925350 0.00 % 0.49 %
US22304D2071 0 55432 0.00 % 0.03 %
Total 980782 0.52 %
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of Expiration or Exercise or Voting Voting
instrument maturity date conversion rights rights in
period absolute %
Right to Recall n/a n/a 53070 0.03 %
Rights of Use n/a n/a 28698 0.02 %
Common Stock
Rights of Use n/a n/a 350 0 %
Depositary
Receipts
Physical Call 19/07/2024 - n/a 1542500 0.82 %
Option 20/12/2024
Total 1624618 0.86 %
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of Expiration Exercise or Cash or Voting Voting
instrume- or maturity conversion physical rights rights
nt date period settlement absolute in %
Swaps 04/07/2024 - n/a Cash 14033547 7.43 %
30/04/2029
Put 19/07/2024 n/a Physical 225000 0.12 %
Option
Total 14258547 7.54 %
8. Information in relation to the person subject to the notification
obligation
Person subject to the notification obligation is not controlled nor
does it control any other undertaking(s) that directly or
indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate
controlling natural person or legal entity:
Name % of voting % of voting rights Total of both
rights (if at through instruments (if at least
least 3% or (if at least 5% or 5% or more)
more) more)
Bank of America % % %
Corporation
NB Holdings % % %
Corporation
BofAML Jersey % % %
Holdings Limited
BofAML EMEA % % %
Holdings 2
Limited
Merrill Lynch % % 5.09 %
International
- % % %
Bank of America % % %
Corporation
NB Holdings % % %
Corporation
BAC North America % % %
Holding Company
Bank of America, % % %
National
Association
- % % %
Bank of America % % %
Corporation
NB Holdings % % %
Corporation
BofA Securities, % % %
Inc.
- % % %
Bank of America % % %
Corporation
NB Holdings % % %
Corporation
BAC North America % % %
Holding Company
Merrill Lynch, % % %
Pierce, Fenner &
Smith
Incorporated
Managed Account % % %
Advisors LLC
- % % %
Bank of America % % %
Corporation
NB Holdings % % %
Corporation
BAC North America % % %
Holding Company
Bank of America, % % %
National
Association
U.S. Trust % % %
Company of
Delaware
- % % %
Bank of America % % %
Corporation
NB Holdings % % %
Corporation
BAC North America % % %
Holding Company
Merrill Lynch, % % %
Pierce, Fenner &
Smith
Incorporated
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34
para. 1 sent. 1 No. 6 WpHG)
Date of general meeting:
Holding total positions after general meeting (6.) after annual general
meeting:
Proportion of voting Proportion of Total of
rights instruments both
% % %
10. Other explanatory remarks:
Date
05 Jul 2024
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05.07.2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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Language: English
Company: Covestro AG
Kaiser-Wilhelm-Allee 60
51373 Leverkusen
Germany
Internet: www.covestro.com
End of News EQS News Service
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1940749 05.07.2024 CET/CEST