Adidas AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
September 28, 2017 at 06:50 am EDT
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DGAP Voting Rights Announcement: adidas AG
adidas AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
28.09.2017 / 12:45
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.
Notification of Major Holdings
1. Details of issuer
adidas AG
Adi-Dassler-Straße 1
91074 Herzogenaurach
Germany
2. Reason for notification
X
Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:
3. Details of person subject to the notification obligation
Name:
City and country of registered office:
Mr Stephen F. Mandel, Jr., Date of birth: 12 March 1956
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
20 Sep 2017
6. Total positions
% of voting rights attached to shares (total of 7.a.)
% of voting rights through instruments (total of 7.b.1 + 7.b.2)
total of both in % (7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation
2.998 %
0.00 %
2.998 %
209216186
Previous notification
3.0001 %
0.00 %
3.0001 %
/
7. Notified details of the resulting situation a. Voting rights attached to shares (Sec.s 21, 22 WpHG)
ISIN
absolute
in %
direct (Sec. 21 WpHG)
indirect (Sec. 22 WpHG)
direct (Sec. 21 WpHG)
indirect (Sec. 22 WpHG)
DE000A1EWWW0
6272848
%
2.998 %
Total
6272848
2.998 %
b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG
Type of instrument
Expiration or maturity date
Exercise or conversion period
Voting rights absolute
Voting rights in %
%
Total
%
b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG
Type of instrument
Expiration or maturity date
Exercise or conversion period
Cash or physical settlement
Voting rights absolute
Voting rights in %
%
Total
%
8. Information in relation to the person subject to the notification obligation
Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X
Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:
Name
% of voting rights (if at least held 3% or more)
% of voting rights through instruments (if at least held 5% or more)
Total of both (if at least held 5% or more)
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Capital LLC
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Associates LLC
%
%
%
Lone Tamarack, L.P.
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Associates LLC
%
%
%
Lone Spruce, L.P.
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Associates LLC
%
%
%
Lone Redwood, L.P.
%
%
%
Lone Cypress Ltd.
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Members LLC
%
%
%
Lone Sierra, L.P.
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Members LLC
%
%
%
Lone Cascade, L.P.
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Members LLC
%
%
%
Lone Picea, L.P.
%
%
%
Lone Kauri, Ltd.
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Members LLC
%
%
%
Lone Savin Master Fund, Ltd
%
%
%
---
%
%
%
Stephen Mandel, jr.
%
%
%
Lone Pine Managing Member LLC
%
%
%
Lone Pine Members LLC
%
%
%
Lone Monterey Master Fund, Ltd.
%
%
%
9. In case of proxy voting according to Sec. 22 para. 3 WpHG
Date of general meeting:
Holding position after general meeting:
% (equals voting rights)
10. Other explanatory remarks:
28.09.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
adidas AG is one of the world leaders in the design, manufacturing and marketing of sports equipment and articles. The group's products are sold primarily under the following brands: adidas, TaylorMade and Reebok. Net sales (before intragroup eliminations) break down by family of products as follows:
- shoes (56.7%);
- clothing (36.4%);
- sports equipment (6.9%): golf equipment (golf clubs, balls, gloves, metal clubs, etc.; No. 1 worldwide; TaylorMade and Maxfli), bags, balls, etc.
At the end of 2023, the products are marketed through a network of more than 2,000 stores worldwide.
Net sales are distributed geographically as follows: Europe-Middle East and Africa (39.4%), North America (24.4%), China (15%), Latin America (10.7%) and Asia/Pacific (10.5%).