Zalando SE

  • WKN: ZAL111
  • ISIN: DE000ZAL1111
  • Land: Deutschland

Nachricht vom 09.10.2019 | 18:40

Zalando SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Zalando SE

09.10.2019 / 18:40
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.


Statement of Intent (SoI)

Baillie Gifford & Co, having its registered office in Edinburgh/Great Britain, exceeded the threshold of 10% of the voting rights in Zalando SE on 1 October 2019. The holding of 11,68% of the voting rights (252765235 voting rights) is a qualifying holding pursuant to Section 43 of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG). On 8 October 2019, Baillie Gifford & Co informed us as follows:

'In respect to Section 43 of the Securities Trading Act (WpHG) regarding notification requirements applicable to Baillie Gifford & Co's interest in Zalando SE, please find below the response from us, Baillie Gifford & Co and our subsidiaries (together referred to as the 'Notifying Parties'):
Baillie Gifford & Co
Baillie Gifford Overseas Limited

The crossing of the threshold does not result from acquisitions by the Notifier but from attributions from investment managers and advisors which qualify as subsidiaries of at least one of the Notifier and to which the voting rights are attributed

In respect of the aims underlying the purchase of the voting rights, we, the Notifying Parties, notify that:

1. The investments are aimed at both implementing strategic objectives and at generating a trading profit. This results from Notifying Parties' overall intention to gain maximum returns for the Notifying Parties' clients on a long-term basis.


2. We plan to acquire further voting rights within the next twelve months by means of a purchase or by any other means. Our intention is to gain maximum returns for the Notifying Parties' clients and therefore we may buy or sell shares in the next twelve months.


3. We intend to exert an influence on the appointment or removal of members of the issuer's administrative, managing and supervisory bodies. We will continue to exercise our right to vote at the company's annual general meeting, and any special general meetings should they be called in the best interests of our clients.


4. We do not intend to achieve a material change in the company's capital structure, in particular as regards the ratio between own funds and external funds and the dividend policy. However, we might vote on such topics in the same way we set out in no. 3.

In respect of the origin of the funds used, we, the Notifying Parties, notify that:
Client funds were used to finance the purchase of the voting rights.'


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