DGAP-News: SHW AG / Key word(s): Miscellaneous
Notification pursuant to section 27a para. 1 sentence 1, 3 and 4 of the German Securities and Trading Act (WpHG)
Mr. Yixin Pan
No. 24, Yuer Raod
Huaining County Anqing city
In advance via fax: +49 (0) 7361 5279020 462
D- 73433 Aalen
6. April 2017
Notification pursuant to Section 27a para. 1 sentence 1, 3 and 4 of the German Securities Trading Act (Wertpapierhandelsgesetz - "WpHG")
Dear Sir or Madam,
With letter dated 15 March 2017 we have notified you pursuant to Sections 21 (1), 22 and 24 WpHG that on 9 March 2017 the portion of voting rights of Anhui ARN Group in SHW AG has exceeded the thresholds of 10 per cent.
1. Notification of the purpose of the acquisition
With respect to the purposes pursued with the acquisition of the voting rights the Anhui ARN Group herby notifies the following:
1.1 The Investment was made to pursue strategic purposes.
1.2 Depending on the market development and the business development of SHW AG, Anhui ARN Group intends to acquire further voting rights in SHW AG within the next twelve months by way of acquisition or by other means.
1.3 Anhui ARN Group intends to obtain a representation in the Supervisory Board of SHW AG corresponding to its shareholding. It is not intended to exert Influence on the composition of the Management board.
1.4 Anhui ARN Group does not intend to substantially change the capital structure of SHW AG, especially with respect to the ratio of equity and debt financing and the dividend policy.
2. Notification of the origin of funds
Anhui ARN Group has financed the acquisition of the voting rights from their own funds.
6. April 2017
Mr Yixin Pan (Chairman)
|Phone:||+49 7361 502-1|
|Fax:||+49 7361 502-674|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|