Publication of a transparency notification

Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings)

1. Summary of the notification

D’Ieteren has received a transparency notification dated 11 July 2016 indicating that MFS Investment Management now holds, following the sale of shares on 21 April 2016, 4.94% of the voting rights of the company. It has therefore crossed downwards the lowest threshold of 5%.

2. Content of the notification

The notification dated 11 July 2016 contains the following information:

  • Reason for the notification: downward crossing of the lowest threshold
  • Notification by: a parent undertaking or a controlling person
  • Persons subject to the notification requirement:

Name

Address of legal persons

Sun Life Financial Inc.

77 King Street West, 35th Floor, Toronto ON M5K 1B7

MFS Investment Management

111 Huntington Avenue, Boston, Massachusetts 02199 USA

MFS Heritage Trust Company

111 Huntington Avenue, Boston, Massachusetts 02199 USA

MFS Institutional Advisors, Inc.

111 Huntington Avenue, Boston, Massachusetts 02199 USA

MFS Investment Management Canada Ltd.

77 King Street West, 35th Floor, Toronto ON M5K 1B7

MFS International Ltd.

Canon’s Court, 22 Victoria Street, Hamilton, HM12 Bermuda

MFS International (U.K.) Ltd.

One Carter Lane, London, EC4V 5ER

MFS Investment Management K.K.

1 4 2 Kasumigaseki, Chiyoda Ku, Tokyo 100 0013

MFS International Singapore Pte. Ltd.

501 Orchard Road, # 13-01 Wheelock Place, Singapore, 238880

  • Transaction date: 21 April 2016
  • Threshold that is crossed: 5%
  • Denominator: 60,302,620
  • Notified details

    Voting rights

    Previous notification

    After the transaction

     

    # of voting rights

    # of voting rights

    # of voting rights

    Holders of voting rights

     

    Linked to securities

    Not linked to the securities

    Linked to securities

    Not linked to the securities

    Sun Life Financial Inc.

    0

    0

     

    0.00%

     

    MFS Investment Management

    777,782

    1,774,522

     

    2.94%

     

    MFS Heritage Trust Company

    22,760

    0

     

    0.00%

     

    MFS Institutional Advisors, Inc.

    1,235,181

    612,178

     

    1.02%

     

    MFS Investment Management Canada Ltd.

    10,066

    0

     

    0.00%

     

    MFS International Ltd.

    126,193

    0

     

    0.00%

     

    MFS International (U.K.) Ltd.

    743,831

    464,973

     

    0.77%

     

    MFS Investment Management K.K.

    111,493

    32,315

     

    0.05%

     

    MFS International Singapore Pte. Ltd.

    0

    94,245

     

    0.16%

     

    Total

    3,027,306

    2,978,233

     

    4.94%

     

  • Chain of controlled undertakings through which the holding is effectively held:

The filing is made on behalf of Sun Life Financial Inc., a company incorporated under the Insurance Companies Act of Canada and its subsidiaries; which is the parent undertaking of Sun Life Global Investments, Inc., a corporation incorporated under the laws of Canada; which is the parent company undertaking of Sun Life Assurance Company of Canada, which is the parent undertaking of Sun Life Financial (U.S.) Holdings, Inc., which is the parent undertaking of Sun Life Financial (U.S.) Investments LLC; which is the parent undertaking of Sun Life of Canada (U.S.)

  •    Remarks

MFS regrets the delay in the submission of this notification. The delay was the result of an internal error that did not include participating shares in the denominator for the purposes of calculating their holding in D’Ieteren at the relevant time. Having recently corrected this internal error, they have determined that their holdings fell below 5% on 21 April 2016. For completeness, the notification submitted by MFS dated 17 June 2014 indicating that their holdings exceeded the 5% threshold was based on the correct denominator which included participating shares.    

The press release, as well as the notification, may be consulted on the website of D’Ieteren via the following link: www.dieteren.com/en/shareholding

The notifications of major shareholdings can be submitted to:

Ms. Pascale Weber

Financial Communication

Rue du Mail 50

B-1050 Brussels

Tel: 02.536.54.39

Fax: 02.536.91.39

E-Mail: financial.communication@dieteren.be

End of press release

 

Group profile

In existence since 1805, and across family generations, D’Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses internationally and actively encouraging and supporting them to develop their position in their industry or in their geographies. The group serves some 12 million corporate and end customers in 33 countries in two areas:

- D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of more than 22% and 1.2 million vehicles on the road at the end of 2015. Sales in 2015: EUR 2.9 billion.

- Belron (94.85% owned) is the worldwide leader in vehicle glass repair and replacement. Some 2,400 branches and 10,000 mobile vans, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass®, serve customers in 33 countries. Sales in 2015: EUR 3.2 billion.