Summary | Issuer | Ultima Capital SA | | Reason for Disclosing | Change in Notified Details | | Basis of Calculation | 5,909,922 | | Acquisition Positions | 1,968,004 (33.300 %) | | Disposal Positions | 0 (0.000 %) | | Date of Origination of the Reporting Obligation | 04/07/2022 | | | | Individual Shareholder | Beneficial Owner | - Pallas Athene Domus Meriti Alapitvany, Budapest, HU
| | Direct Shareholder | - Alpine Holding Korlatolt Felelossegu Tarsasag, Budapest, Hungary / Global Debt Strategy S.à r.l., Luxembourg, Grand Duchy of Luxembourg, , CH
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Purchase Positions | Derivative Holdings | | Type of Rights | Numer of Rights | Number of Voting Rights | Percentage | ISIN | | Put | 1 | 1,968,004 | 33.300 % | - | | Comment: On 27 August 2021, Alpine Holding Korlätolt Felelösségü Tarsasãg ("Alpine Holding"), has entered into a secured financing with Alpine 1 SCSp, Luxembourg, which in turn owns the units in Alpine 2 SCSp. The shares in Ultima Capital SA owned by Alpine 2 SCSp serve as collateral for the debt financing (secured debt). Under the secured debt financing agreement, Alpine 1 SCSp issues various tranches of notes with maturity date 30 December 2025 ("Notes"). At the election of Alpine 1 SCSp, repayment of the Notes can be made either in cash or by transferring the units in Alpine 2 SCSp ("Repayment in Kind") at the maturity of the Notes. In the case of such Repayment in Kind, Alpine 2 SCSp would be required to hold 1,968,004 shares in Ultima Capital SA (33.30%) as well as certain other assets. In case of a Repayment in Kind, Alpine Holding and Global Debt Strategy S.à r. I. would therefore hold indirectly via Alpine 2 SCSp 1'968004 shares in Ultima Capital SA. | |
