BRUSSELS, Belgium, Jan. 22, 2016 (GLOBE NEWSWIRE) -- On 18 January 2016, Oddo et Cie SCA ("Oddo") and Franklin Templeton Institutional, LLC ("FT") notified BHF Kleinwort Benson Group ("BHF KB") that, following satisfaction of the conditions precedent under the share purchase agreement pursuant to which Oddo and FT were acting in concert, Oddo had effectively acquired from FT 23,206,881 shares in BHF KB on 13 January 2016.
Oddo and FT also notified BHF KB that as a result of such purchase, Oddo had crossed upwards the threshold of 40% of shareholding in BHF KB and held 56,043,666 shares in BHF KB (representing 42.38% of the voting rights in BHF KB) while FT had crossed downwards the threshold of 3% of shareholding in BHF KB and no longer held any share in BHF KB. The purchase also put an end to Oddo's and FT's action in concert.
A copy of Oddo's and FT's transparency declaration is reproduced hereunder and available on BHF KB's corporate website under "Investor Information - Shareholder Information - Transparency Declarations".
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About BHF Kleinwort Benson Group SA
BHF Kleinwort Benson (Euronext: BHFKB) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. BHF Kleinwort Benson is a merchant bank with principal activities in private banking, asset management and financial markets & corporates.
For further information visit: www.BHFKleinwortBenson.com
Full Press Release (PDF) http://hugin.info/135946/R/1980671/725614.pdf
Source: BHF Kleinwort Benson