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Disclosure about a transparency notification

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ABO - Group
·2-min read
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Ghent, April 23, 18.30 CET, 2021 - Press release / Regulated Information

Disclosure about a transparency notification

(Article 14, first paragraph, of the Act of 2 May 2007 on disclosure of significant holdings)

1. Summary of the notification

ABO-Group Environment nv has received a transparency notification dated 23 April 2021, from which it can be noted that as a result of the sale of shares on 19 April 2021, Frank De Palmenaer now owns 89.97% of the voting rights of the company. He has thus breached the 90% shareholding threshold.

This sale of shares by Frank De Palmenaer aims to increase the liquidity of the ABO-Group share to meet the admission conditions of Euronext Paris. Indeed, ABO-Group has notified its application for dual listing on Euronext Brussels-Paris on 26 March 2021.

2. Content of the notification

The notification dated 23 April 2021 contains the following information:

  • Reason for the notification

Acquisition or disposal of voting shares or voting rights.

  • Notification by:

A supervising person.

  • Persons subject to the notification requirement:

Frank De Palmenaer & IDEPLUS NV (Derbystraat 357, 9051 Ghent (SDW))

  • Date on which the threshold is crossed:

19 april 2021.

  • Uncrossed threshold (in %):

90%.

  • Denominator:

10.568.735.

  • Details of the notification:

A) Voting rights

Previous notification

After the transaction

#voting rights

Voting rights

% voting rights

Holders of voting right

Related to shares

Separate from the shares

Related to shares

Separate from the shares

Frank De Palmenaer

2.444.420.898

9.124.667

86,34 %

Ideplus NV

383.890

3,63%

Total

9.508.557

0

89,97%

0,00%


B) Equivalent financial instruments

After the transaction

Holders of equivalent financial instruments

Type of financial instrument

Expiration date

Exercise period or date

# voting rights that may be acquired upon exercise of the instrument

% voting rights

Settlement

Total

0

0,00%


TOTAL (A & B)

#voting rights

% voting rights

9.508.557

89,97%

  • Full chain of controlled companies through which the shareholding is effectively held:

Mr. De Palmenaer is controlling shareholder of Ideplus NV.

3. Varia

  • This press release can be consulted on the website of ABO-Group Environment nv via this link: https://www.abo-group.eu/investeerders/

  • Contact:

ABO-Group Environment NV
Frank De Palmenaer
CEO ABO-Group Environment NV
frank.depalmenaer@abo-group.eu
T +32 (0)9 242 88 22

  • About ABO-Group Environment:

ABO-Group is a specialised engineering company focused on geotechnical engineering, the environment and soil remediation. Through its consultancy and testing & monitoring departments, ABO-Group is active in Belgium, the Netherlands and France, as well as internationally. ABO-Group guarantees its customers a sustainable solution. For a more detailed description of the operations of the group, please consult the ABO-Group website (www.abo-group.eu).

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