Disclosure 23579
Publication date:
Summary
| Issuer | Ultima Capital SA |
|---|---|
| Reason for disclosing | Acquisition |
| Basis of calculation | 5'909'922 |
| Purchase positions | 5'065'705 (85.715%) |
| Sale positions | 3'445'485 (58.300%) |
| Date of origination of the reporting obligation | 02.08.2023 |
Individual shareholder
| Beneficial owner | Max Hervé George, London, United Kingdom |
|---|---|
| Direct shareholder | Alpine 2 SCSp, 5 rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg / ULT Partners 2 SCSp, 5 rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg |
Purchase positions
Namensaktien
| Number | Voting rights |
|---|---|
| 1'968'004 | 1'968'004 |
No voting rights at own discretion
Derivative holdings
| Type | Number | Voting rights | ISIN or basic terms |
|---|---|---|---|
| Call Options | 1'477'481 | 1'477'481 | See below** Option of Alpine 2 SCSp granted by Byron Baciocchi and Kometa Holding SA to purchase 1,477,181 shares in Ultima Capital SA until 31.03.2026 at a price of CHF 105.00 per share |
| Mandatory Convertible Notes | 9 | 1'620'220 | See below***Mandatory convertible notes issued by Ultima Capital SA with an aggregate principal amount of CHF 75,000,000, redeemable in cash or, if not previously redeemed, convertible at the election of Ultima Capital SA into its shares at a conversion price of CHF 46.29 on 3 August 2028 (corresponding to 1,620,220 shares or 27.42%) |
Sale positions
| Type | Number | Voting rights | ISIN or basic terms |
|---|---|---|---|
| Put Option | 1 | 3'445'485 | See below **** Alpine 1 SCSp, 5 rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg, whose beneficial owner is Max Hervé George, issued various tranches of notes with maturity date 30 December 2025 ("Notes") to Alpine Holding Korlatolt Felelösségü Tarsasag, 11 Andraddy ut, 1061 Budapest, Hungary. At the election of Alpine 1 SCSp, repayment of the notes can be made in cash or by transferring the units in Alpine 2 SCSp until maturity of the Notes ("Repayment in Kind"). In case of such Repayment in Kind, Alpine 2 SCSp would be required to hold 1,968,004 shares in Ultima Capital SA (33.30%) as well as certain other assets. The 1,477,481 call options (for 1,477,481 shares corresponding to 25.00%) listed above are also subject to the option to make a Repayment in Kind. |