Euronext // 2021 Universal Registration Document
General Description of The Company and its Share Capital
Share Classes and Major Shareholders
6.4.2 MAJOR SHAREHOLDINGS On top of the Reference Shareholders who own jointly 23.81% (1) and whose individual holdings are disclosed above and according to the AFM any substantial holding and gross short positions in issuing institutions and shares with special controlling rights have to be notified. An issuing institution is: a public limited company ( naamloze Vennootschap ) incorporated under Dutch law whose (depositary receipts for) shares are admitted to trading on a regulated market in the Netherlands or in another Member State of the European Union or an EEA State, or a legal entity incorporated under the law of a state that is not an European Union Member State and whose (depositary receipts for) shares are admitted to trading on a regulated market in the Netherlands. As soon as the substantial holding or short position equals or exceeds 3% of the issued capital, the holder should report this. Subsequently, it should notify the AFM again when its substantial holding or short position consequently reaches, exceeds or falls below a threshold. This can be caused by the acquisition or disposal of shares by the shareholder or because the issued capital of the issuing institution is increased or decreased. Thresholds are: 3%, 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 75% and 95%. The duty to notify applies to legal entities as well as natural persons.
Letter Agreement In addition to the Reference Shareholders Agreement as amended and extended as set forth above, Euronext N.V. and the Reference Shareholders have enter into an agreement governing their relationship (the “Letter Agreement”). The initial Letter Agreement is dated 4 June 2014 and was supplemented on 25 March 2015 and amended and extended on 13 June 2017, and subsequently amended and extended on 17 June 2019. Simultaneously with the Extension Agreement, the Letter Agreement was amended and extended in the context of the Transaction as defined below. The main purpose of the Letter Agreement is to enhance and reinforce the regular dialogue between Euronext and the Reference Shareholders, addressing (i) the right of the Reference Shareholders to retain one third of the Supervisory Board seats, (ii) the use by Euronext of the delegated authorities for the issuance / repurchase of shares, with the possible exclusion or restriction of pre-emption rights, (iii) the process of communication between Euronext and the Reference Shareholders, which includes periodical meetings on topics including strategy, governance and financing structure; and (iv) the involvement of the Reference Shareholders in the selection procedure in case of any vacancies for the CEO, the COO or Supervisory Board positions.
In 2021 and from 1 January 2022 until the publication of this Universal Registration Document, the following crossings of thresholds were declared:
Crossing of threshold in capital and voting right
No of shares declared
% of voting rights at date of declaration
6
Date
Shareholder having crossed the threshold
Type
31/03/2021
Capital Research and Management Company
5% Decrease
—
4.97%
29/04/2021
Cassa Depositi e Prestiti S.p.A.
25% Increase
5,600,000
27.85%
29/04/2021
Intesa SanPaolo S.p.A.
25% Increase
—
27.85%
29/04/2021
BNP Paribas S.A.
3% Decrease
1,554,000
2.03%
29/04/2021
Euroclear S.A./N.V.
25% Increase
5,600,000
27.85%
29/04/2021
Caisse des Dépots et Consignations
25% Increase
5,600,000
27.85%
29/04/2021
ABN AMRO Bank N.V.
25% Increase
—
27.85%
29/04/2021
Société Fédérale de Participations et d’Investissement (“SFPI”)
25% Increase
3,150,000
27.85%
29/04/2021
JP Morgan Chase & Co
3% Increase
2,384,540
3.41%
29/04/2021
Morgan Stanley
5% Increase
3,657,566
5.23%
30/04/2021
Cassa Depositi e Prestiti S.p.A.
25% Decrease
5,600,000
24.32%
30/04/2021
Intesa SanPaolo S.p.A.
25% Decrease
—
24.32%
30/04/2021
Euroclear S.A./N.V.
25% Decrease
3,788,800
24.32%
30/04/2021
Caisse des Dépots et Consignations
25% Decrease
5,600,000
24.32%
30/04/2021
ABN AMRO Bank N.V.
25% Decrease
—
24.32%
30/04/2021
Société Fédérale de Participations et d’Investissement (“SFPI”)
25% Decrease
2,131,200
24.32%
30/04/2021
Capital Research and Management Company
5% Increase
—
6.43%
30/04/2021
Bank of America Corporation
3% Increase
2,554,886
3.34%
03/05/2021
Bank of America Corporation
3% Decrease
2,195,220
2.87%
03/05/2021
Morgan Stanley
5% Decrease
4,000,027
5.22%
(1) Only including shares held within the Reference Shareholder Agreement.
169
2021 UNIVERSAL REGISTRATION DOCUMENT
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