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

27.09.2023 / 09:13 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.

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

X Acquisition/disposal of shares with voting rights
X Acquisition/disposal of instruments
  Change of breakdown of voting rights
  Other reason:

3. Details of person subject to the notification obligation

Legal entity: The Goldman Sachs Group, Inc.
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:
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 0.39 % 4.67 % 5.05 % 193200000
Previous notification 0.38 % 4.39 % 4.77 % /

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)
DE0006062144 0 505993 0 % 0.26 %
US22304D2071 0 238950 0 % 0.12 %
Total 744943 0.39 %

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 To Recall Open 297345 0.15 %
Right Of Use Open 681838 0.35 %
Swap 15.10.2026 34011 0.02 %
Future 20.12.2024 1469 0.0008 %
Call Option 20.12.2024 1960300 1.01 %
Call Warrant 15.10.2026 91568 0.05 %
    Total 3066530 1.59 %

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 %
Swap 20.09.2033 Cash 1640431 0.85 %
Call Option 05.12.2023 Cash 9179 0.005 %
Put Option 19.12.2025 Physical 3546100 1.84 %
Call Warrant 31.12.2030 Cash 751158 0.39 %
      Total 5946868 3.08 %

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)
The Goldman Sachs Group, Inc. % % %
GSAM Holdings LLC % % %
Goldman Sachs Asset Management, L.P. % % %
– % % %
The Goldman Sachs Group, Inc. % % %
GSAM Holdings LLC % % %
Goldman Sachs Asset Management Holdings LLC % % %
Goldman Sachs Asset Management UK Holdings I Ltd % % %
Goldman Sachs Asset Management UK Holdings II Ltd % % %
Goldman Sachs Asset Management Holdings I B.V. / Goldman Sachs Asset Management Holdings II B.V. % % %
Goldman Sachs Asset Management Holdings B.V. % % %
– % % %
The Goldman Sachs Group, Inc. % % %
Goldman, Sachs & Co. Wertpapier GmbH % % %
– % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs Bank USA % % %
Goldman Sachs Bank Europe SE % % %
– % % %
The Goldman Sachs Group, Inc. % % %
Folio Financial, Inc. % % %
Folio Investments, Inc. % % %
– % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs & Co. LLC % % %
– % % %
The Goldman Sachs Group, Inc. % % %
IMD Holdings LLC % % %
United Capital Financial Partners, Inc. % % %
United Capital Financial Advisers, LLC % % %
– % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs (UK) L.L.C. % % %
Goldman Sachs Group UK Limited % % %
Goldman Sachs International % % %

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:

Date

27.09.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: Covestro AG
Kaiser-Wilhelm-Allee 60
51373 Leverkusen
Germany
Internet: www.covestro.com

 
End of News EQS News Service

1735133  27.09.2023 CET/CEST

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