Disclosure 24093
Publication date:
Summary
| Issuer | Ultima Capital SA |
|---|---|
| Reason for disclosing | Exercise/expiration of derivative holdings |
| Basis of calculation | 5’934’354 |
| Purchase positions | 2’336’569 (39.374%) |
| Sale positions | 1’724’917 (29.067%) |
| Date of origination of the reporting obligation | 10.12.2024 |
Group of shareholders: Group
| Beneficial owners |
|---|
| Engelwood Asset Management S.A., 11 rue Eugène Ruppert L-2453 Luxembourg, Luxembourg, acting as manager of Philae Fund (Subfund Property) |
| Rafiq, Akbar, London, United Kingdom |
| Picco Golinelli, Eliane, London, United Kingdom |
| Sabater, Jaume, Zug, Switzerland |
| Types of understanding |
|---|
| Group of sellers |
| Indirect participant | Representation of the group |
|---|---|
| Philae Fund S.A. acting on behalf of its sub fund Property, a Luxembourg investment company in variable capital – reserved alternative investment fund (société d’investissement en capital variable – fonds d’investissement alternatif réservé, SICAV-FIAR) incorporated under the form of a société anonyme, 15, avenue John F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg; Madison Debt Holdings IV S.à r.l., 1, Place d'Armes, L-1136 Luxembourg; Varia Investments Opportunities Group S.A., 5, rue Guillaume Kroll, L-1882 Luxembourg; Global Financial Opportunities, 5, rue Guillaume Kroll, L-1882 Luxembourg | Engelwood Asset Management S.A., 11 rue Eugène Ruppert L-2453 Luxembourg, Luxembourg |
Purchase positions
Namensaktien
| Number | Voting rights |
|---|---|
| 1’724’917 | 1’724’917 |
No voting rights at own discretion
Derivative holdings
| Type | Number | Voting rights | ISIN or basic terms |
|---|---|---|---|
| Call Options | 28 | 611’652 | Philae Fund, acting on behalf of its sub fund Property, (1) acquired a total of 28 call options for the acquisition of 611,652 shares in Ultima Capital SA (corresponding to 10.31% of capital and voting rights) from 28 counterparties holding such shares, being exercisable from 10 December 2023 until (and including) the day failing 12 (twelve) months and 15 (fifteen) Business Days after 10 December 2023 and (2) wrote to the same counterparties the same number of put options for disposal of the same number of shares in Ultima Capital SA during the period of one month after the date of expiration of the aforementioned exercise period of the call option, each call and option at an exercise price of CHF 105.00. Each put and call option is only alternatively exercisable and requires the delivery of the shares. |
Sale positions
| Type | Number | Voting rights | ISIN or basic terms |
|---|---|---|---|
| Put/written call options | 4 | 1’724’917 | Each of the (indirect) participation holders indicated above entered into certain call and put option agreements with Alpine Holding Kft., Budapest, on 10 December 2023. On 10 December 2024, a call option for 613,152 shares in Ultima Capital SA was exercised by Alpine Holding Kft., which results, based on the relevant agreements, in 4 remaining call and put options for an aggregate of 1,724,917 shares, corresponding to 29.07% of the capital and voting rights in Ultima Capital SA. The call options are exercisable by Alpine Holding Kft. until 10 December 2025, each at a price of CHF 84.00 or, after 10 June 2025, CHF 86.50 per share. The put options are exercisable against Alpine Holding Kft. for an exercise price of CHF 105.00 and during the period of two months after the expiration of the call options, if such call options had not been exercised. Each put and call option is only alternatively exercisable and requires the delivery of the shares. |