Covestro AG

07/05/2022 | Press release | Distributed by Public on 07/05/2022 05:51

The Goldman Sachs Group, Inc., Wilmington, DE, United States of America (USA)


Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution


DGAP-PVR: Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

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
05.07.2022 / 13:50
Dissemination of a Voting Rights Announcement transmitted by DGAP - 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:
30 Jun 2022

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 0.80 % 4.06 % 4.87 % 193200000
Previous notification 0.92 % 4.21 % 5.13 % /

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 1403822 0 % 0.73 %
US22304D2071 0 144858 0 % 0.07 %
Total 1548680 0.80 %

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 474180 0.25 %
Right Of Use Open 2138000 1.11 %
Swap 15.10.2026 34011 0.02 %
Call Warrant 15.10.2026 121825 0.06 %
Call Option 20.12.2024 805000 0.42 %
Future 15.12.2023 31808 0.02 %
Total 3604823 1.87 %

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 %
Put Option 20.12.2024 Physical 2990945 1.55 %
Call Warrant 31.12.2030 Cash 549982 0.28 %
Swap 29.06.2032 Cash 707535 0.37 %
Total 4248462 2.20 %

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 % % %
NNIP Holdings LLC % % %
NNIP UK Holdings I Ltd % % %
NNIP UK Holdings II Ltd % % %
NNIP Holdings I B.V. / NNIP Holdings II B.V. % % %
NN Investment Partners Holdings NV % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs Bank USA % % %
Goldman Sachs Bank Europe SE % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman, Sachs & Co. Wertpapier GmbH % % %
- % % %
The Goldman Sachs Group, Inc. % % %
Goldman Sachs & Co. LLC % % %
- % % %
The Goldman Sachs Group, Inc. % % %
The Goldman Sachs Trust Company, National Association % % %
The Goldman Sachs Trust Company of Delaware % % %
- % % %
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
04 Jul 2022


05.07.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Covestro AG
Kaiser-Wilhelm-Allee 60
51373 Leverkusen
Germany
Internet: www.covestro.com

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