Publication relating to transparency notifications
Rhea-AI Summary
Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) received a transparency notification from BlackRock, Inc. on October 7, 2024, following changes in BlackRock's group structure. The notification, dated October 3, 2024, indicates that BlackRock, Inc. and its controlled undertakings now hold 1,116,421 voting rights, representing 3.25% of the total voting rights (34,389,015) as of October 1, 2024.
The holdings consist of 1,032,521 shares and 83,900 equivalent financial instruments. This change resulted from the acquisition of Global Infrastructure Partners, which led to a restructuring of BlackRock's group. The notification details the full chain of controlled undertakings and provides a breakdown of voting rights held by various BlackRock entities.
Positive
- BlackRock, Inc. increased its stake in Nyxoah to 3.25% of total voting rights
- The acquisition includes both shares (1,032,521) and equivalent financial instruments (83,900)
Negative
- None.
Insights
This transparency notification reveals a significant change in BlackRock's ownership structure and its holdings in Nyxoah SA. BlackRock, Inc. and its controlled entities now hold 3.25% of Nyxoah's total voting rights, crossing the 3% threshold. This includes 1,032,521 shares and 83,900 equivalent financial instruments.
The restructuring of BlackRock, involving the acquisition of Global Infrastructure Partners, has led to changes in the company's group structure. This could potentially impact Nyxoah's shareholder dynamics and future voting patterns. For investors, it's important to monitor such changes in major institutional holdings as they can influence stock price movements and company governance.
While this news doesn't directly affect Nyxoah's operations or financials, it does highlight the company's attractiveness to large institutional investors. BlackRock's increased stake might be seen as a vote of confidence in Nyxoah's long-term prospects, potentially providing stability to the stock.
This transparency notification is a regulatory requirement under Belgian law, specifically Article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings. It's a important aspect of market transparency, ensuring that significant changes in ownership are communicated to the public.
The notification provides a detailed breakdown of BlackRock's holdings, including both direct voting rights and equivalent financial instruments. This level of detail is important for investors to understand the nature of BlackRock's influence.
The disclosure of the full chain of controlled undertakings is particularly noteworthy, as it reveals the complex structure through which BlackRock holds its stake in Nyxoah. This information is valuable for understanding potential conflicts of interest and the true extent of BlackRock's control.
From a legal perspective, such disclosures help maintain market integrity and protect shareholder interests by providing transparency on significant ownership changes.
REGULATED INFORMATION
Publication relating to transparency notifications
Mont-Saint-Guibert (Belgium), October 9, 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 October 7, 2024, Nyxoah received a transparency notification from BlackRock, Inc. and related persons following a change to BlackRock’s group structure. Based on the notification, BlackRock, Inc. (together with its controlled undertakings) holds 1,116,421 voting rights, consisting of 1,032,521 shares and 83,900 equivalent financial instruments, representing
The notification dated October 3, 2024 contains the following information:
- Reason for the notification: acquisition or disposal of the control of an undertaking that holds a participating interest in an issuer
- 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 Fund Advisors (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: October 1, 2024
- Threshold that is crossed:
3% - Denominator: 34,389,015
- 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 | |||
| BlackRock Advisors, LLC | 1,016,861 | 1,006,161 | |||
| BlackRock Fund Advisors | 46 | 46 | |||
| BlackRock Investment Management (UK) Limited | 1,080 | 1,080 | |||
| BlackRock Investment Management, LLC | 25,234 | 25,234 | |||
| Subtotal | 1,043,221 | 1,032,521 | |||
| TOTAL | 1,032,521 | 0 | |||
| 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 Advisors, LLC | Securities Lent | 83,000 | physical | |||
| BlackRock Fund Advisors | Securities Lent | 900 | physical | |||
| TOTAL | 83,900 | |||||
| TOTAL (A & B) | # of voting rights | % of voting rights | ||||
| 1,116,421 | ||||||
- 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 Fund Advisors
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
- Additional information: As a result of the acquisition of Global Infrastructure Partners, there has been a change to BlackRock’s group structure. Upon the close of the transaction, BlackRock, Inc. was renamed BlackRock Finance, Inc. and a NewCo became the publicly listed company with the name BlackRock, Inc.
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Contact:
Nyxoah
Loic Moreau, CFO
IR@nyxoah.com
Attachment
FAQ
What percentage of Nyxoah (NYXH) voting rights does BlackRock now hold?
How many Nyxoah (NYXH) shares does BlackRock own as of October 1, 2024?
What triggered the transparency notification for Nyxoah (NYXH) on October 7, 2024?
What is the total number of voting rights for Nyxoah (NYXH) as of October 1, 2024?
