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    1COV   DE0006062144

COVESTRO AG

(1COV)
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Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

10/28/2021 | 05:06am EST

DGAP Voting Rights Announcement: Covestro AG Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 2021-10-28 / 11:05 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.

-----------------------------------------------------------------------------------------------------------------------

Notification of Major Holdings 1. Details of issuer

 
 
 Name:                           Covestro AG 
 
 Street:                         Kaiser-Wilhelm-Allee 60 
 
 Postal code:                    51373 
 
 City:                           Leverkusen 
                                 Germany 
 
 Legal Entity Identifier (LEI):  3912005AWHKLQ1CPLV11 
 2. Reason for notification 
 
 
 X             Acquisition/disposal of shares with voting rights 
 
               Acquisition/disposal of instruments 
 
               Change of breakdown of voting rights 
 
 X             Other reason: 
               voluntary group notification with triggered threshold on subsidiary level 
 3. Details of person subject to the notification obligation 
 
 
 Legal entity: BlackRock, Inc. 
 City of registered office, country: Wilmington, Delaware, United States of America (USA) 
 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 
 
 
 
 5. Date on which threshold was crossed or reached: 
 
 
 22 Oct 2021 
 6. Total positions 
 
 
                       % of voting rights % of voting rights through     Total of 
                       attached to shares                instruments    both in %        Total number of voting rights 
                          (total of 7.a.)   (total of 7.b.1 + 7.b.2)      (7.a. +             pursuant to Sec. 41 WpHG 
                                                                            7.b.) 
 
 New                               7.50 %                     0.06 %       7.56 %                            193200000 
 
 Previous                          7.51 %                     0.20 %       7.71 %                                    / 
 notification 
 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) 
 
 
 ISIN                    Absolute                        In % 
 
                       Direct       Indirect         Direct       Indirect 
               (Sec. 33 WpHG) (Sec. 34 WpHG) (Sec. 33 WpHG) (Sec. 34 WpHG) 
 
 DE0006062144               0       14164000            0 %         7.33 % 
 
 US22304D2071               0         330049            0 %         0.17 % 
 
 Total                   14494049                       7.50 % 
 b.1. Instruments according to Sec. 38 (1) no. 1 WpHG 
 
 
 Type of instrument            Expiration or maturity   Exercise or conversion          Voting rights Voting rights in 
                               date                     period                               absolute                % 
 
 Lent Securities (right to     N/A                      N/A                                     23015           0.01 % 
 recall) 
 
                                                        Total                                   23015           0.01 % 
 b.2. Instruments according to Sec. 38 (1) no. 2 WpHG 
 
 
 Type of           Expiration or         Exercise or conversion Cash or physical          Voting rights  Voting rights 
 instrument        maturity date         period                 settlement                     absolute           in % 
 
 Contract for      N/A                   N/A                    Cash                              89834         0.05 % 
 Difference 
 
                                                                Total                             89834         0.05 % 
 8. Information in relation to the person subject to the notification obligation 
 
 
               Person subject to the notification obligation is not controlled nor does it control any other 
               undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). 
 
 X             Full chain of controlled undertakings starting with the ultimate controlling natural person or legal 
               entity: 
 
 
 
                                         % of voting rights (if        % of voting rights through Total of both (if at 
 Name                                      at least 3% or more)    instruments (if at least 5% or    least 5% or more) 
                                                                                            more) 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 Trident Merger LLC                                           %                                 %                    % 
 
 BlackRock Investment Management, LLC                         %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 BlackRock Holdco 2, Inc.                                     %                                 %                    % 
 
 BlackRock Financial Management, Inc.                         %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 BlackRock Holdco 2, Inc.                                     %                                 %                    % 
 
 BlackRock Financial Management, Inc.                         %                                 %                    % 
 
 BlackRock Capital Holdings, Inc.                             %                                 %                    % 
 
 BlackRock Advisors, LLC                                      %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 Trident Merger LLC                                           %                                 %                    % 
 
 BlackRock Investment Management, LLC                         %                                 %                    % 
 
 Amethyst Intermediate LLC                                    %                                 %                    % 
 
 Aperio Holdings LLC                                          %                                 %                    % 
 
 Aperio Group, LLC                                            %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 BlackRock Holdco 2, Inc.                                     %                                 %                    % 
 
 BlackRock Financial Management, Inc.                         %                                 %                    % 
 
 BlackRock Holdco 4, LLC                                      %                                 %                    % 
 
 BlackRock Holdco 6, LLC                                      %                                 %                    % 
 
 BlackRock Delaware Holdings Inc.                             %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 BlackRock Holdco 2, Inc.                                     %                                 %                    % 
 
 BlackRock Financial Management, Inc.                         %                                 %                    % 
 
 BlackRock International Holdings, Inc.                       %                                 %                    % 
 
 BR Jersey International Holdings L.P.                        %                                 %                    % 
 
 BlackRock (Singapore) Holdco Pte. Ltd.                       %                                 %                    % 
 
 BlackRock (Singapore) Limited                                %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 
 BlackRock Holdco 2, Inc.                                     %                                 %                    % 
 
 BlackRock Financial Management, Inc.                         %                                 %                    % 
 
 BlackRock Holdco 4, LLC                                      %                                 %                    % 
 
 BlackRock Holdco 6, LLC                                      %                                 %                    % 
 
 BlackRock Delaware Holdings Inc.                             %                                 %                    % 
 
 BlackRock Fund Advisors                                      %                                 %                    % 
 
 -                                                            %                                 %                    % 
 
 BlackRock, Inc.                                              %                                 %                    % 
 

(MORE TO FOLLOW) Dow Jones Newswires

October 28, 2021 05:05 ET (09:05 GMT)

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Financials
Sales 2021 15 339 M 17 313 M 17 313 M
Net income 2021 1 623 M 1 832 M 1 832 M
Net Debt 2021 816 M 921 M 921 M
P/E ratio 2021 6,00x
Yield 2021 6,85%
Capitalization 9 784 M 11 026 M 11 043 M
EV / Sales 2021 0,69x
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Nbr of Employees 17 883
Free-Float 97,0%
Chart COVESTRO AG
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Covestro AG Technical Analysis Chart | 1COV | DE0006062144 | MarketScreener
Technical analysis trends COVESTRO AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 50,68 €
Average target price 67,90 €
Spread / Average Target 34,0%
EPS Revisions
Managers and Directors
Markus Steilemann Chief Executive Officer
Thomas Toepfer Chief Financial Officer & Labor Director
Richard Pott Chairman-Supervisory Board
Klaus Schńfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
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