NORMA Group SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
January 08, 2024 at 12:28 pm EST
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EQS Voting Rights Announcement: NORMA Group SE
NORMA Group SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
08.01.2024 / 18:26 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Notification pursuant to section 43 (1) WpHG
Following the crossing of the 10% threshold in voting rights of NORMA Group SE, Edisonstr. 4, D-63477 Maintal (ISIN DE000A1H8BV3) (the “Company”) on December 5th, 2023, Teleios Global Opportunities Fund, Ltd., c/o Teleios Capital Partners LLC, Zug, Switzerland, informed us on January 4, 2024, pursuant to Sec. 43 para. 1 sentences 1 and 3 WpHG in respect of the objectives pursued with the acquisition of the voting rights, that:
the aim of the investment is the realisation of trading profits whilst not excluding the implementation of strategic objectives; and
over the next twelve months, further acquisition of voting rights of NORMA Group SE will largely depend on market conditions and investment conviction; and
Teleios Global Opportunities Fund, Ltd. currently does not intend to exert influence on the appointment or removal of members of the Company’s administrative, managing and supervisory bodies, but preserves the right to do so in the future; and
Teleios Global Opportunities Fund, Ltd. currently does not intend to achieve a material change in the Company’s capital structure, in particular as regards the ratio between its own funds and external funds and its dividend policy but preserves the right to do so in the future.
In respect of the origin of the funds used to acquire the voting rights, Teleios Global Opportunities Fund, Ltd. informed us pursuant to Sec. 43 para. 1 sentence 4 WpHG that the acquisition of the voting rights by Teleios Global Opportunities Master Fund, Ltd. is financed by 100% of own funds (Eigenmittel).
Maintal, January 8, 2024
The Management Board of NORMA Group SE
08.01.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Norma Group SE is a Germany-based manufacturer of engineered joining technology solutions. The Company focuses on three product categories: Clamp, Connect and Fluid. The Clamp product portfolio comprises clamp products manufactured from unalloyed steels or stainless steel for joining or sealing elastomer hoses. The Connect product portfolio includes connectors made of unalloyed steels or stainless steel that are party equipped with elastomer or metal seals and are used as the joining and sealing elements of metal and thermoplastic pipes. The Fluid product portfolio includes single and multiple layer thermoplastic plug-in connectors for liquid systems, as well as solutions for applications in the sectors of storm water management and landscape irrigation. It operates, among others, through Lifial - Industria Metalurgica de Agueda Lda, a Portugal-based manufacturer of heavy duty clamps, pipe supporting clamps, and U-bolt clamps for mounting antennas and solar modules.
NORMA Group SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution