Colruyt N: Publication of a transparency notification – Colruyt Group and Korys
PRESS RELEASE – Halle (Belgium), 7/10/2022 – 5:45 p.m. CET – Regulated information –
Transparency Notice
Ets. Prof. COLRUYT SA
Limited Liability Company
Edingensesteenweg 196 – 1500 Halle
Company number: 0400.378.485
Publication of a transparency notification
(article 14, first paragraph, of the law of 2 May 2007 on information on major holdings)
Notification Summary
With reference to article 14 of the law of 2 May 2007 on the disclosure of major shareholdings, Colruyt Group and its controlling shareholder Korys have sent a notification to the FSMA.
This transparency notification, dated October 7, 2022, proves that, through the acquisition of Colruyt shares by Korys NV, Korys and Colruyt Group hold a total of 60.07% of the voting rights of the company and have thus exceeded a threshold statutory 5%.
On October 4, 2022, Colruyt Group, together with Korys, Korys Investments, Korys Business Services I, II and
- (excluding the Colruyt family and relatives acting in concert), hold a total of 80,395,270 Colruyt shares, together representing 60.07% of the total number of shares issued by the company (133,839,188).
This limited notification does not affect the existing mutual consultations between the Colruyt family and relatives, Korys, Colruyt Group.
The company is not aware of any other agreements between shareholders. The legal thresholds in increments of 5% apply.
Content of notification
The notification of 7/10/2022 contains the following information:
- Reason for the notification: Threshold crossing by Korys and Colruyt Group
- Notification by: persons acting in concert
- Person(s) subject to the notification obligation:
- Stichting Administratiekantoor Cozin, Claude Debussylaan 24, 1085 MD Amsterdam
- Korys SA, Villalaan 96 – 1500 Halle
- Korys Investments SA, Villalaan 96 – 1500 Halle
- Korys Business Services I SA, Villalaan 96 – 1500 Halle
- Korys Business Services II NV, Villalaan 96 – 1500 Halle
- Korys Business Services III NV, Villalaan 96 – 1500 Halle
- Ets. Prof. Colruyt NV, Edingensesteenweg 196, 1500 Halle.
PRESS RELEASE – Halle (Belgium), 7/10/2022 – 5:45 p.m. CET – Regulated information –
Transparency Notice
- Transaction date: 04/10/2022
- Threshold crossed (in %): statutory threshold of 60%.
- Denominator: 133,839,188
- Details notified:
Right to vote |
Previous |
After notification |
||||
notification |
||||||
# of votes |
# of voting rights |
% of voting rights |
||||
rights |
||||||
Voting rights holders |
Linked to |
Not related to |
Linked to |
Not related to |
||
rights |
securities |
securities |
securities |
securities |
||
Sewing |
0 |
0 |
0 |
0.00% |
0 |
|
Administration- |
||||||
Kantoor Cozin |
||||||
Korys SA |
71,323,770 |
72,268,770 |
0 |
54.00% |
0 |
|
Korys |
1,435,520 |
1,435,520 |
0 |
1.07% |
0 |
|
Investments |
||||||
Company Korys |
1.000 |
1.000 |
0 |
0.001% |
0 |
|
Services I SA |
||||||
Company Korys |
1.000 |
1.000 |
0 |
0.001% |
0 |
|
Services II SA |
||||||
Company Korys |
1.000 |
1.000 |
0 |
0.001% |
0 |
|
Services III SA |
||||||
Ets. Prof. Colruyt |
6,687,980 |
6,687,980 |
0 |
5.00% |
0 |
|
NV |
||||||
TOTAL |
79,450,270 |
80.395.270 |
0 |
60.07% |
0% |
|
- The entire chain of controlled companies through which the interest is actually held.
- Etablissements Fr. Colruyt NV is controlled by Korys NV which in turn is controlled by Stichting Administratiekantoor Cozin.
- Korys Investments NV is controlled by Korys NV.
-
- Korys Business Services I NV, Korys Business Services II NV and Korys Business Services III NV are controlled by Korys NV.
-
Further information:
Following the purchases of Colruyt shares by Korys NV, Korys and Colruyt Group exceeded the 60% threshold.
PRESS RELEASE – Halle (Belgium), 7/10/2022 – 5:45 p.m. CET – Regulated information –
Transparency Notice
Although Ets. Pr. Colruyt NV is not a party to concerted action agreements, its own shares are included given its status as a subsidiary of Korys NV (art. 6, §5, 3° Transparency Law); Korys NV is indeed deemed to hold these shares indirectly.
Various
This press release can be viewed on the Colruyt Group website at
https://www.colruytgroup.com/en/invest/stakeholder-information/notifications
Contact:
Kris Castelein, Secretary of the Board of Directors T +32 2 363 55 45 investor@colruytgroup.com
About the Colruyt Group
Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with more than 700 own stores and around 580 affiliated stores. In Belgium this includes Colruyt Best Prices, OKay, Bio-Planet, Cru, Dreamland, Dreambaby, Bike Republic and Spar affiliate stores. In France, in addition to the Colruyt stores, there are also affiliated stores Coccinelle, CocciMarket and Panier Sympa. The group is the majority shareholder of The Fashion Society, which includes the fashion retail chains ZEB, PointCarré and The Fashion Store. JIMS operates fitness clubs in Belgium and Luxembourg. Solucious and Culinoa deliver catering and retail products to professional customers in Belgium (hospitals, SMEs, hotels, etc.). The activities of Colruyt Group also include the supply of energy by DATS 24 in Belgium (fuels, natural gas and green energy) and in France (fuels) and printing and document management solutions (Symeta Hybrid). The group employs more than 32,000 people and recorded a turnover of 10.0 billion euros in 2021/22. Colruyt is listed on Euronext Brussels (COLR) under ISIN code BE0974256852.
Disclaimer
Colruyt S.A. published this content on October 07, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on October 07, 2022 16:01:07 UTC.
Public now 2022
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Trends in technical analysis COLRUYT NV
Short term | Middle term | Long term | |
Tendencies | Bearish | Bearish | Bearish |
Evolution of the income statement
Sale To buy |
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Medium consensus | UNDERPERFORMANCE |
Number of analysts | ten |
Last closing price | €21.85 |
Average target price | €28.12 |
Average Spread / Target | 28.7% |