DGAP-PVR: HSBC Trinkaus & Burkhardt AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Reference is made to our voluntary Group notification dated 1st October 2018 pursuant to §§ 33 para. 1, 34 of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG).
 
By way of the above notification, we informed you that, with effect from and including 1 October 2018, HSBC UK Holdings Limited (HUHO) became a new indirect shareholder of HSBC Trinkaus & Burkhardt AG (HTDE) and in doing so had exceeded the threshold of 10% of the voting rights in HTDE. The change in indirect shareholder of HTDE  was the result  of an intra-group corporate restructuring involving the transfer of the entire issued share capital of HSBC Bank plc (HBEU) by HSBC Holdings plc (HGHQ) and HSBC Group Nominees UK Limited (HGNL) to HUHO (the Transaction).
 
In connection with the above referenced Transaction, we hereby notify you pursuant to § 43 para. 1 WpHG that:
 

1. HUHO's investment is not aimed at implementing strategic objectives or at generating a trading profit from HTDE but solely forms part of an internal restructuring of the corporate group structure of the HSBC Group;

 

1. HGHQ does not (as a consequence of or in connection with this Transaction) plan to acquire further voting rights in HTDE within the next twelve months by means of a purchase or by any other means, save for securities trading transactions in the ordinary course of business;

  

1. HGHQ does not (as a consequence of or in connection with this Transaction) intend to exert any influence on the appointment or removal of members of the administrative, managing and supervisory bodies of HTDE; and

 

1. HGHQ does not intend to achieve a material change in the capital structure of HTDE, in particular as regards the ratio between own funds and external funds and the dividend policy, save for any changes that may need to be made as a consequence of regulatory requirements.

 
The acquisition by HUHO of all the shares in HBEU from HGHQ and HGNL and the indirect voting rights of HUHO in HTDE resulting therefrom have been financed by own funds.