Notification of Major Holdings
1. Details of issuer
| Name: |
Axel Springer SE |
| Street: |
Axel-Springer-Straße 65 |
| Postal code: |
10888 |
| City: |
Berlin
Germany |
| Legal Entity Identifier (LEI): |
529900PXZU3YHO6HMD80 |
2. Reason for notification
| |
Acquisition/disposal of shares with voting rights |
| |
Acquisition/disposal of instruments |
| |
Change of breakdown of voting rights |
| X |
Other reason:
Voluntary group notification with triggered threshold on subsidiary level |
3. Details of person subject to the notification obligation
Legal entity: KKR Management LLP
City of registered office, country: Wilmington, Delaware, United States of America (USA) |
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
Traviata B.V., Axel Springer Gesellschaft für Publizistik GmbH & Co, Dr. h.c. Friede Springer
|
5. Date on which threshold was crossed or reached:
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 |
89.73 % |
51.46 % |
95.74 % |
107895311 |
| Previous notification |
89.73 % |
51.46 % |
95.74 % |
/ |
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) |
| DE0005501357 |
0 |
55913616 |
0 % |
51.82 % |
| DE0005754238 |
0 |
40902000 |
0 % |
37.91 % |
| Total |
96815616 |
89.73 % |
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 of first refusal |
n/a |
n/a |
6484234 |
6.01 % |
| Right of first offer |
n/a |
n/a |
2128523 |
1.97 % |
| |
|
Total |
8612757 |
7.98 % |
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 |
31.03.2020 |
n/a |
Physical |
6484234 |
6.01 % |
| Right of first offer |
n/a |
at the earliest 5 years after 18.12.2019 |
Physical |
46907558 |
43.48 % |
| |
|
|
Total |
53391792 |
49.48 % |
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) |
| KKR Management LLP |
% |
% |
% |
| KKR & Co. Inc |
% |
% |
% |
| KKR Group Holdings Corp. |
% |
% |
% |
| KKR Group Partnership L.P. |
% |
% |
% |
| KKR Europe V Holdings Limited |
% |
% |
% |
| KKR Europe V S.à r.l. |
% |
% |
% |
| KKR Associates Europe V SCSp |
% |
% |
% |
| KKR European Fund V (USD) SCSp |
% |
% |
% |
| KKR Traviata Aggregator GP LLC |
% |
% |
% |
| KKR Traviata Aggregator L.P. |
% |
% |
% |
| Traviata I S.à r.l. |
% |
% |
% |
| Traviata II S.à r.l. |
89.73 % |
51.46 % |
95.74 % |
| Traviata B.V. |
89.73 % |
51.46 % |
95.74 % |
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:
| Acting in concert among Traviata B.V., Traviata II S.à r.l., Dr. h.c. Friede Springer, Friede Springer GmbH & Co. KG, Axel Springer Gesellschaft für Publizistik GmbH & Co, Dr. Mathias Döpfner (comprising all shares held by him directly or indirectly) and Epiktet GmbH & Co. KG. Right of first refusal and put option refer to the same voting rights. Right of first offer refers to the same voting rights as attributed according to Sec. 34 (2) WpHG (acting in concert). KKR Management LLC was converted into KKR Management LLP. KKR Fund Holdings GP Limited was removed from the chain of controlled undertakings. KKR Fund Holdings L.P. changed its name to KKR Group Partnership L.P. |
Date
.