Publication relating to transparency notifications

Rhea-AI Summary

Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) received a transparency notification from BlackRock, Inc. on December 19, 2024. The notification reveals that BlackRock and its controlled undertakings now hold 1,124,630 voting rights in Nyxoah, comprising 1,122,658 shares and 1,972 equivalent financial instruments. This represents 3.00% of the total voting rights (37,427,265) as of December 17, 2024.

The holdings are distributed across various BlackRock entities, with BlackRock Advisors, holding the largest portion at 2.91% of voting rights. The notification was triggered by BlackRock's total holdings crossing above the 3% threshold.

Positive

• BlackRock, Inc., a major institutional investor, has acquired a significant 3% stake in the company

Negative

• None.

Insights

Financial Analyst

This transparency notification reveals BlackRock, Inc. and its subsidiaries have accumulated a 3.00% stake in Nyxoah SA, consisting of 1,122,658 shares and 1,972 equivalent financial instruments. The majority of the position is held through BlackRock Advisors, , which controls 2.91% of voting rights.

For a small-cap company like Nyxoah, with a market cap of $298.67 million, having BlackRock as a significant shareholder adds institutional credibility. BlackRock's position, while relatively small for the asset manager, represents approximately $9 million based on current market value. The structure of the holding, primarily in direct shares rather than derivatives, suggests a long-term investment approach rather than a trading position.

The complex holding structure through multiple BlackRock entities indicates sophisticated institutional ownership, which could potentially provide stability to the stock. However, being right at the 3% threshold means this position could easily fluctuate below reporting requirements in the future, potentially creating minor selling pressure.

               

REGULATED INFORMATION

Publication relating to transparency notifications

Mont-Saint-Guibert (Belgium), December 20, 2024, 10:30 pm CET / 4:30 pm ET – In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below.

BlackRock, Inc.

On December 19, 2024, Nyxoah received a transparency notification from BlackRock, Inc. and related persons. Based on the notification, BlackRock, Inc. (together with its controlled undertakings) holds 1,124,630 voting rights, consisting of 1,122,658 shares and 1,972 equivalent financial instruments, representing 3.00% of the total number of voting rights on December 17, 2024 (37,427,265).

The notification dated December 18, 2024 contains the following information:

• Reason for the notification:
  • Acquisition or disposal of voting securities or voting rights
  • Acquisition or disposal of financial instruments that are treated as voting securities
• Notification by: a parent undertaking or a controlling person
• Persons subject to the notification requirement:
  • BlackRock, Inc. (with address at 50 Hudson Yards, New York, NY, 10001, U.S.A.)
  • BlackRock Advisors, LLC (with address at 50 Hudson Yards, New York, NY, 10001, U.S.A.)
  • BlackRock Financial Management, Inc. (with address at 50 Hudson Yards, New York, NY, 10001, U.S.A.)
  • BlackRock Fund Advisors (with address at 400 Howard Street, San Francisco, CA, 94105, U.S.A.)
  • BlackRock Institutional Trust Company, National Association (with address at 400 Howard Street, San Francisco, CA, 94105, U.S.A.)
  • BlackRock Investment Management (UK) Limited (with address at 12 Throgmorton Avenue, London, EC2N 2DL, U.K.)
  • BlackRock Investment Management, LLC (with address at 1 University Square Drive, Princeton, NJ, 8540, U.S.A.)
• Date on which the threshold was crossed: December 17, 2024
• Threshold that is crossed: 3%
• Denominator: 37,427,265
• Notified details:

A) 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
BlackRock, Inc.	0	0		0.00%
BlackRock Advisors, LLC	1,038,361	1,089,161		2.91%
BlackRock Financial Management, Inc.	0	6,167		0.02%
BlackRock Fund Advisors	446	255		0.00%
BlackRock Institutional Trust Company, National Association	0	2,551		0.01%
BlackRock Investment Management (UK) Limited	1,080	1,080		0.00%
BlackRock Investment Management, LLC	25,234	23,444		0.06%
Subtotal	1,065,121	1,122,658		3.00%
	TOTAL	1,122,658	0	3.00%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
BlackRock Fund Advisors	Securities Lent			200	0.00%	physical
BlackRock Financial Management, Inc.	Contract Difference			1,772	0.00%	cash
	TOTAL			1,972	0.01%

	TOTAL (A & B)			# of voting rights	% of voting rights
				1,124,630	3.00%

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

BlackRock, Inc.
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC

BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Investment Management (UK) Limited

BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust Company, National Association

BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors

BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.

BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC

• Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock, Inc. going above 3%. Please note that the actual percentage in section 10 (A) is 2.99%. The form displays it as remaining at 3% due to the rounding of the form.
  
  

*

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Contact:
Nyxoah
John Landry, CFO
IR@nyxoah.com

Attachment

• 2024 12 19 PR Transparency notification 2024 10 (BlackRock) (ENG)

FAQ

What percentage of Nyxoah (NYXH) does BlackRock now own?

As of December 17, 2024, BlackRock, Inc. and its controlled undertakings hold 3.00% of Nyxoah's total voting rights, consisting of 1,124,630 voting rights.

How many shares of NYXH does BlackRock hold as of December 2024?

BlackRock holds 1,122,658 shares and 1,972 equivalent financial instruments of Nyxoah.

Which BlackRock entity holds the largest portion of NYXH shares?

BlackRock Advisors, holds the largest portion with 1,089,161 voting rights, representing 2.91% of total voting rights.

What triggered the transparency notification for NYXH in December 2024?

The notification was triggered by BlackRock's total holdings in voting rights crossing above the 3% threshold.