Home Coffee companies Miko publishe...

Miko publishes transparency notification on voting rights in the company

Miko Logo

TURNHOUT, Belgium – Miko N.V. has published the following Transparency notification pursuant to article 14, paragraph 1 of the Act of May 2nd 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market and laying down miscellaneous provisions (the “Act”)).

Summary of the notification

On 9 January 2020 Miko N.V. has received a transparency notification dated 7 January 2020 indicating that FMR LLC, through Fidelity Management & Research Company LLC, now holds 4,43% of the voting rights of the company.

Content of the notification

The notification dated 7 January 2020 contains the following information:

  1. Reason for the notification: acquisition or disposal of voting securities or voting rights;
  2. Notification by: a parent undertaking or a controlling person;
  3. Persons subject to the notification requirement:
  4. Transaction date: 1 January 2020
  5. Treshold that is crossed: 3%
  6. Denominator: 1.242.000
  7. Notified Details
  8. Chain of controlled undertakings through which the holding is effectively held: Fidelity Management & Research Company LLC is controlled by FMR LLC.
    FMR LLC is not a controlled entity.
  9. Additional Information

Internal Restructuring:
With effect from 1 January 2020, Fidelity Management & Research Company has changed name to Fidelity Management & Research Company LLC.
FMR Co. has also merged into Fidelity Management & Research Company LLC.

About Miko

Miko has been active in coffee service for over 200 years and in plastic packaging for some 45 years now, and was floated on Euronext Brussels in 1998. Miko follows a “two-pillar strategy” in which its core activities – coffee service and plastic packaging – are practically independent entities with their own management, so that each activity can follow its own growth path.

The Group posted a turnover of EUR 210 million in 2018, with the coffee service and plastics processing division accounting for respectively 53 % and 47 % of this figure. Miko is an international group with companies in Belgium, France, UK, the Netherlands, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, Indonesia and Australia.