Notification of Major Holdings
1. Details of issuer
| Name: |
Axel Springer SE |
| Street: |
Axel-Springer-Straße 65 |
| Postal code: |
10888 |
| City: |
Berlin
Germany |
| Legal Entity Identifier (LEI): |
529900PXZU3YHO6HMD80 |
2. Reason for notification
| |
Acquisition/disposal of shares with voting rights |
| |
Acquisition/disposal of instruments |
| |
Change of breakdown of voting rights |
| X |
Other reason:
Acceptance of takeover offer as per irrevocable undertaking |
3. Details of person subject to the notification obligation
Legal entity: KKR Management LLC
City of registered office, country: Wilmington, Delaware, 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:
6. Total positions
| |
% of voting rights attached to shares
(total of 7.a.) |
% of voting rights through instruments
(total of 7.b.1 + 7.b.2) |
Total of both in %
(7.a. + 7.b.) |
Total number of voting rights pursuant to Sec. 41 WpHG |
| New |
0.59 % |
7.41 % |
8.00 % |
107895311 |
| Previous notification |
0.55 % |
9.73 % |
10.27 % |
/ |
7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
| ISIN |
Absolute |
In % |
| |
Direct
(Sec. 33 WpHG) |
Indirect
(Sec. 34 WpHG) |
Direct
(Sec. 33 WpHG) |
Indirect
(Sec. 34 WpHG) |
| DE0005501357 |
0 |
634017 |
0 % |
0.59 % |
| Total |
634017 |
0.59 % |
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
| Type of instrument |
Expiration or maturity date |
Exercise or conversion period |
Voting rights absolute |
Voting rights in % |
| Right of first refusal |
n/a |
n/a |
6484234 |
6.01 % |
| |
|
Total |
6484234 |
6.01 % |
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
| Type of instrument |
Expiration or maturity date |
Exercise or conversion period |
Cash or physical settlement |
Voting rights absolute |
Voting rights in % |
| Irrevocable undertaking to accept takeover offer |
n/a |
n/a |
Physical |
1510534 |
1.40 % |
| Put Option |
31.03.2020 |
n/a |
Physical |
6484234 |
6.01 % |
| |
|
|
Total |
7994768 |
7.41 % |
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 rights (if at least 3% or more) |
% of voting rights through instruments (if at least 5% or more) |
Total of both (if at least 5% or more) |
| KKR Management LLC |
% |
% |
% |
| KKR & Co. Inc |
% |
% |
% |
| KKR Group Holdings Corp. |
% |
% |
% |
| KKR Fund Holdings GP Limited |
% |
% |
% |
| KKR Fund Holdings L.P. |
% |
% |
% |
| KKR Europe V Holdings Limited |
% |
% |
% |
| KKR Europe V S.à r.l. |
% |
% |
% |
| KKR Associates Europe V SCSp |
% |
% |
% |
| KKR European Fund V (USD) SCSp |
% |
% |
% |
| KKR Traviata Aggregator GP LLC |
% |
% |
% |
| KKR Traviata Aggregator L.P. |
% |
% |
% |
| Traviata I S.à r.l. |
% |
% |
% |
| Traviata II S.à r.l. |
% |
7.41 % |
7.41 % |
| Traviata B.V. |
% |
7.41 % |
8.00 % |
| |
|
|
|
| KKR Management LLC |
% |
% |
% |
| KKR & Co. Inc |
% |
% |
% |
| KKR Group Holdings Corp. |
% |
% |
% |
| KKR Fund Holdings GP Limited |
% |
% |
% |
| KKR Fund Holdings L.P. |
% |
% |
% |
| KKR Europe V Holdings Limited |
% |
% |
% |
| KKR Europe V S.à r.l. |
% |
% |
% |
| KKR Associates Europe V SCSp |
% |
% |
% |
| KKR European Fund V (USD) SCSp |
% |
% |
% |
| Europe V Opportunistic Investors GP LLC |
% |
% |
% |
| Europe V Opportunistic Investors L.P. |
% |
% |
% |
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 rights |
Proportion of instruments |
Total of both |
| % |
% |
% |
10. Other explanatory remarks:
| Right of first refusal and put option refer to the same voting rights. Beneficiaries of the right of first refusal and the put option are Traviata II S.à r.l. and Traviata B.V. The takeover offer by Traviata II S.à r.l. (additional acceptance period expired on 21 August 2019) has been accepted for 34787710 voting rights, equaling 32.24% of the total number of voting rights. |
Date
