ONTEX Ontex Group N.V.

Transparency Declaration Notification

Transparency Declaration Notification

In accordance with the requirements of Article 14 of the Belgian Law of May 2, 2007 on the disclosure of significant shareholdings in listed companies, Ontex Group NV (“Ontex”) discloses the notification of significant shareholdings that it has received on October 16, 2024.

On October 7, 2024, Black Creek Investment Management Inc. detained 2,442,764 Ontex voting securities or voting rights, representing 2.97% of voting securities, and thereby crossed downward the threshold of 3%.

Notification details

  • Reason for the notification: 

    Acquisition or disposal of voting securities or voting rights  

    Downward crossing of the lowest threshold
  • Notification by: A person that notifies alone
  • Persons subject to the notification requirement: Black Creek Investment Management Inc.,              

    based on 123 Front Street West, Suite 1200, Toronto, Ontario, Canada, M5J 2M2.
  • Date of threshold crossing: October 7, 2024
  • Threshold crossed: 3% downward
  • Denominator on the date of notification: 82,347,218 shares
  • Full chain of controlled undertakings through which the holding is effectively held:

    Black Creek Investment Management Inc. is not a controlled entity.
  • Additional information:          

    Black Creek Investment Management Inc. ("Black Creek") acts as discretionary investment manager and holds voting rights attached to shares on behalf of its clients. The disclosure obligation arose due to the issuer's voting rights held by Black Creek crossing below 3% threshold.  Black Creek can exercise the voting rights in its discretion, without any instruction from its clients.
  • Date of declaration: October 16, 2024
  • Details of the notification:
Voting rightsPrevious notificationAfter the transaction
# voting rights% voting rights
Holders of voting rights# voting rightsLinked to securitiesNot linked to securitiesLinked to securitiesNot linked to securities
Black Creek Investment Management Inc.2,483,0002,442,76402.97%0.00%
Total 2,442,76402.97%0.00%

Enquiries

  • Investors       Geoffroy Raskin                 
  • Media             Maarten Verbanck            

About Ontex

Ontex is a leading international developer and producer of baby care, feminine care and adult care products, both for retailers and healthcare. Ontex’s innovative products are distributed in around 100 countries through retailers and healthcare providers. Employing some 7,500 people, Ontex has a presence in 14 countries, with its headquarters in Aalst, Belgium. is listed on and is a constituent of the index. To keep up with the latest news, visit or follow Ontex on , , and .

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18/10/2024

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Reports on Ontex Group N.V.

Wim Hoste
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Ontex Share price reaction overdone -Model update

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Below are the highlights of the 3Q conference call. Ontex 3Q LFL top line growth of +1.7% was slightly lower than market consensus (whilst close to KBCS) and the company did also lower its FY24 LFL top line guidance (from 4-5% growth to 2-3%), citing some temporary elements on the ramp up of new US customers. 3Q adjusted EBITDA jumped 29% and was close to our and consensus forecasts, with FY24 adjusted EBITDA margin maintained at 12% which is the 9M24 level and also baked into our and consensus ...

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