04-03-2019, 02:46 PM

Hornbach Holding AG & Co. KGaA: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Hornbach Holding AG & Co. KGaA

04.03.2019 / 14:46
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.


On February 26, 2019, Mr. Dharma Teja Ignacio Jayanti notified Hornbach Holding AG & Co. KGaA, Neustadt an der Weinstraße, Germany and the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) pursuant to Section 33, 34 of the German Securities Trading Act (WpHG) that its respective voting rights in Hornbach Holding AG & Co. KGaA exceeded the threshold of 10% on March 20, 2018 and amounted to 10.40% (this corresponds to 1.663.396 voting rights) in Hornbach Holding AG & Co. KGaA as per this date.

The notification resulted from an attribution of voting rights to Mr. Jayanti upon the acquisition of indirect control over Corsair Capital LLC, a company which exercises indirect control over First Eagle Investment Management, LLC (which is entrusted with the administration of the relevant shares).

Against this background, we hereby notify Hornbach Holding AG & Co. KGaA pursuant to Section 43 para. 1 WpHG for and on behalf of Mr. Jayanti acting for himself and with regard to his subsidiaries Corsair Capital Group, Ltd., Corsair Capital, L.P (together referred to as the 'Notifying Parties'), of the following:

I. Aims Underlying the Acqisition of the Voting Rights (Section. 43 para. 1 sentence 3 WpHG)
 
  1. The relevant shares constitute a financial investment by which the Notifying Parties' subsidiary First Eagle Investment Management, LLC intends to generate a profit for and on behalf of its customers.
     
  2. First Eagle Investment Management, LLC is constantly monitoring market developments and evaluating market opportunities, including in respect of shares in the issuer, on behalf of its customers. While as of the date hereof, no decision has been made, the Notifying Parties cannot exclude that First Eagle Investment Management, LLC for and on behalf of its customers may acquire additional shares in the issuer in the next 12 months by way of  purchasing shares or in any other way.
     
  3. The Notifying Parties currently do not intend to exert an influence on the appointment or removal of members of the issuer's administrative, managing or supervisory bodies, other than by permitting First Eagle Investment Management, LLC to exercise its voting rights in the ordinary course of elections of members to the supervisory board.
     
  4. The Notifying Parties currently do not pursue a material change in the issuer's capital structure, including as regards the ratio between equity and debt financing and the dividend policy.

II. Origin of the Funds Used (Section 43 para. 1 sentence 4 WpHG)

Since the attribution of voting rights resulted from a group internal reorganization, no new funds were used for the acquisition of voting rights.

Neustadt an der Weinstrasse, March 4, 2019
HORNBACH Holding AG & Co. KGaA represented by HORNBACH Management AG
Board of Management


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