Shareholders structure

Shares outstanding

On December 31, 2020, the number of Picanol nv's outstanding shares was as follows: 17,700,000.

Effective voting rights attached to shares representing the capital ("denominator")

The Extraordinary Shareholders Meeting of Picanol nv of March 16, 2020, has approved the introduction of a loyalty voting right in accordance with article 7:53 BCCA. A double voting right is granted to the shares that have continuously been registered in the share register on the name of the same shareholder for at least two years.

The number of voting rights attached to the outstanding shares on December 31, 2020, is 33,494,060.

Transparency information

Based on latest notification or latest available public information and on the denominator mentioned above, the voting rights in the company are currently as follows (status December 31, 2020):

No. of voting rights

​% voting rights

Artela nv

22,960,492

68.5%

Symphony Mills nv

8,664,268

25.8%

​Other nominative shares

201,162

0.6%

Free float

1,704,892

5.1%

TOTAL

33,530,814

100.0%

Artela nv and Symphony Mills nv are controlled by Mr. Luc Tack.

LIFO Principle

In case of a request to convert nominative shares into dematerialized shares, Picanol Group will apply the LIFO Principle (Last In, First Out). The latest entries into the register of nominative shares thus will be converted first.

Notification

Shareholders whose voting rights in Picanol Group surpass the threshold of 5 % and each multiple of 5 %, in either direction, are required to notify the Belgian Financial Services and Markets Authority (FSMA) (TRP.Fin@fsma.be) and Picanol Group (corporatecommunication@picanol.be).