Summary | Issuer | Ultima Capital SA | | Reason for Disclosing | Exercise, Non-Excercice or Expiration of Derivative Holdings | | Basis of Calculation | 5,934,354 | | Acquisition Positions | 1,724,917 (29.067 %) | | Disposal Positions | 1,724,917 (29.067 %) | | Date of Origination of the Reporting Obligation | 12/11/2024 | | | | Group | Beneficial Owners | - Eliane, Picco Golinelli, London, GB
- Engelwood Asset Management S.A., 11 rue Eugène Ruppert L-2453 Luxembourg, Luxembourg, acting as manager of Philae Fund (Subfund Property), Luxembourg, LU
- Rafiq, Akbar, London, GB
- Jaume, Sabater, Zug, CH
| | Type of Understanding | Group of Sellers | | Direct Shareholder(s) | Representation of the Group | - Philae Fund S.A. acting on behalf of its sub fund Property, a Luxembourg investment company in variable capital – reserved alternative investment fund (société d’investissement en capital variable – fonds d’investissement alternatif réservé, SICAV-FIAR) incorporated under the form of a société anonyme, 15, avenue John F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg; Madison Debt Holdings IV S.à r.l., 1, Place d'Armes, L-1136 Luxembourg;, Varia Investments Opportunities Group S.A., 5, rue Guillaume Kroll, L-1882 Luxembourg; Global Financial Opportunities, 5, rue Guillaume Kroll, L-1882 Luxembourg, LU
| Engelwood Asset Management S.A., 11 rue Eugène Ruppert L-2453 , Luxembourg, LU | | |
Purchase Positions Registered Shares
Number Of Shares |
Number of Voting Rights | | 1,724,917 | 1,724,917 | Disposal Positions | Derivative Holdings | | Type of Rights | Numer of Rights | Number of Voting Rights | Percentage | ISIN | | Other | 4 | 1,724,917 | 29.067 % | - | | Comment: Each of the (indirect) participation holders indicated above entered into certain call and put option agreements with Alpine Holding Kft., Budapest, on 10 December 2023. On 10 December 2024, a call option for 613,152 shares in Ultima Capital SA was exercised by Alpine Holding Kft., which results, based on the relevant agreements, in 4 remaining call and put options for an aggregate of 1,724,917 shares, corresponding to 29.07% of the capital and voting rights in Ultima Capital SA. The call options are exercisable by Alpine Holding Kft. until 10 December 2025, each at a price of CHF 84.00 or, after 10 June 2025, CHF 86.50 per share. The put options are exercisable against Alpine Holding Kft. for an exercise price of CHF 105.00 and during the period of two months after the expiration of the call options, if such call options had not been exercised. Each put and call option is only alternatively exercisable and requires the delivery of the shares. | | |
