Covestro AG: release according to article 40, section 1 of the WpHG [the German Securities Trading Act] with the objective of a distribution on a European scale

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Announcement of DGAP voting rights: Covestro AG

Covestro AG: release according to article 40, section 1 of the WpHG [the German Securities Trading Act] with the objective of a distribution on a European scale

14.03.2022 / 11:06
Dissemination of an announcement of voting rights transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of major holdings

1. Issuer contact details

Name: Covestro S.A.
Street: Kaiser-Wilhelm-Allee 60
Postal code: 51373
Town: Leverkusen
Germany
Legal Entity Identifier (LEI): 3912005AWHKLQ1CPLV11

2. Reason for notification

X Acquisition/transfer of shares with voting rights
Acquisition/disposal of instruments
Change in distribution of voting rights
Another reason:

3. Contact details of the person subject to the notification obligation

Legal entity: UBS Group AG
Headquarters location, country: Zurich, Switzerland

4. Names of shareholders

directly holding 3% or more of the voting rights, if different from 3.

5. Date on which the threshold was crossed or reached:

6. Total number of posts

% of voting rights attached to shares
(total of 7.a.)		 % of voting rights by instruments
(total of 7.b.1 + 7.b.2)		 Total of both in %
(7.a. + 7.b.)		 Total number of voting rights pursuant to Art. 41 WpHG
New 2.8% 0.85% 3.65% 193200000
Previous notification 3.16% 0.84% 4% /

7. Details of total positions

a. Voting rights attached to shares (Art. 33, 34 WpHG)

IS IN Absolute In %
Direct
(Art. 33 WpHG)		 Indirect
(Sec. 34 WpHG)		 Direct
(Art. 33 WpHG)		 Indirect
(Sec. 34 WpHG)
DE0006062144 0 5414148 0% 2.8%
US22304D2071 0 1897 0% 0%
Total 5416045 2.8%

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Device type Expiry or due date Exercise or conversion period Absolute right to vote Voting rights in %
Right to recall shares loaned Anytime 75030 0.04%
Rights of use on shares Anytime 124434 0.06%
ADR usage rights (US22304D2071) Anytime 2092 0%
Long call option 04/05/2022-15/12/2023 290794 0.15%
Total 492350 0.25%

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Device type Expiry or due date Exercise or conversion period Cash or physical payment Absolute right to vote Voting rights in %
Short put option 20/05/2022-15/12/2023 Physical 299294 0.15%
Equity Futures 03/18/2022 Cash 86994 0.05%
Basket swaps 03/11/2022 Cash 699862 0.36%
Rights of use on exchangeable bonds Anytime Physical 57923 0.03%
Total 1144073 0.59%

8. Information relating to the person subject to the notification obligation

The person subject to the notification obligation is not controlled and does not control any other company holding directly or indirectly an interest in the (underlying) issuer (1.).
X Complete chain of controlled companies starting with the natural or legal person who ultimately controls:

name % of voting rights (if at least 3% or more) % of voting rights via instruments (if at least 5% or more) Total of both (if at least 5% or more)
UBS Group AG % % %
UBS AG % % %
UBS Switzerland Ltd % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Americas Holding LLC % % %
UBS Americas Inc. % % %
UBS Asset Management Trust Company % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Asset Management AG % % %
UBS Asset Management Holding (No. 2) AG % % %
UBS Asset Management Holding AG % % %
UBS Asset Management (UK) Limited % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Asset Management AG % % %
UBS Asset Management Holding (No. 2) AG % % %
UBS Asset Management Holding AG % % %
UBS Asset Management Life AG % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Asset Management AG % % %
UBS Asset Management (Singapore) AG % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Asset Management AG % % %
UBS Fund Management (Luxembourg) SA % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Asset Management AG % % %
UBS Asset Management Switzerland Ltd % % %
UBS Fund Management (Switzerland) AG % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Americas Holding LLC % % %
UBS Americas Inc. % % %
UBS Securities LLC % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Americas Holding LLC % % %
UBS Americas Inc. % % %
UBS Financial Services Inc. % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Asset Management AG % % %
UBS Asset Management (Australia) AG % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Bank (Canada) % % %
– % % %
UBS Group AG % % %
UBS AG % % %
UBS Americas Holding LLC % % %
UBS Americas Inc. % % %
UBS Asset Management (Americas) Inc. % % %
UBS O’Connor LLC % % %

9. If voting by proxy pursuant to Sec. 34 par. 3WpHG

(only in the event of allocation of voting rights in accordance with Art. 34 para. 1 s. 1 no. 6 WpHG)

Date of the general meeting:
Total number of positions occupied after the general meeting (6.) after the annual general meeting:

Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:

Dated

14.03.2022 DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
Archive at www.dgap.de
Language: English
Company: Covestro S.A.
Kaiser-Wilhelm-Allee 60
51373 Leverkusen
Germany
The Internet: www.covestro.com

End of news DGAP Information Service

1301173 14.03.2022

EQS 2022

All news from COVESTRO AG

Analyst recommendations for COVESTRO AG

2022 sales 15,992 million
17,508 million
17,508 million
2022 net income 1,258 million
1,377 million
1,377 million
Net debt 2022 593M
649M
649M
PER 2022 ratio 6.68x
2022 return 7.06%
Capitalization 8,812 million
9,647 million
9,647 million
EV / Sales 2022 0.59x
EV / Sales 2023 0.56x
# of employees 17,133
Floating 97.0%


Duration :

Period :




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Average Spread / Target 43.5%