Introduction of an additional threshold for voting rights notifications (3 per cent)
SAF-HOLLAND: Introduction of an additional threshold for voting rights notifications (3 per cent)
Luxembourg, 10 July 2019. In an effort to harmonise with the corresponding provisions of the German Securities Trading Act (Section 33  WpHG), the Extraordinary General Meeting of SAF-HOLLAND S.A. ("Company") decided on 25 April 2019, by way of an amendment to Article 18 (1) sentence 1 of the Company's Articles of Association, that Company shareholders who reach, exceed or fall below the voting rights' threshold of 3 per cent are required to promptly file a voting rights notification with the Company. The statutory reporting obligations pursuant to Article 8 et seq. of the Transparency Act of the Grand Duchy of Luxembourg (Law of 11 January 2008 on transparency requirements for issuers), as amended, continue to apply.
Shareholders who currently hold between 3 per cent and 5 per cent of the Company's voting rights and have not reported this fact to the Company to date are also requested to notify the Company promptly.
The extent to which affected shareholders need to inform other persons (such as regulators) should be examined by the shareholders themselves.
The Company's current Articles of Association are available on the SAF-HOLLAND Group homepage at
Dr. Matthias Heiden, Chief Financial Officer of SAF-HOLLAND, comments: "The introduction of the additional threshold of 3 per cent for voting rights notifications to our Company increases capital market transparency and supports investors in making their investment decisions."
SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,301 million in 2018, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, KLL, V.Orlandi and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign "SMART STEEL - ENGINEER BUILD CONNECT" SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. More than 4,400 committed employees worldwide are already today working on the future of the transportation industry.
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This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND S.A. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.