ANNEX A: Standard form for notification of major holdings

Form to be used for the purposes of notifying a change in major holdings pursuant to the amended law and  Grand-ducal Regulation of 11 January 2008 on transparency requirements for issuers (referred to as “the  Transparency Law” and “the Transparency Regulation”)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the CSSF)i

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are  attachedii: tonies SE - LEI number 222100DAYRVSS1X9EB98 - Issuer number E00003658

2. Reason for the notification (please tick the appropriate box or boxes): [  ] An acquisition or disposal of voting rights [X] An acquisition or disposal of financial instruments [X] An event changing the breakdown of voting rights [  ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv: Name: Alexander Paul Schemann               City and country of registered office (if applicable):

4. Full name of shareholder(s) (if different from 3.)v: AH Beteiligung 6 GmbH & Co. KG LuxCo Active Invest GmbH & Co. KG Armira (Strategy B) Active Invest GmbH & Co. KG Armira (Strategy C) Active Invest GmbH & Co. KG PE I Invest GmbH & Co. KG Armira (Strategy E) Active Invest GmbH & Co. KG Armira (Strategy F) Active Invest GmbH & Co. KG Armira (Strategy I) Active Invest GmbH & Co. KG Armira (Strategy J) Active Invest GmbH & Co. KG Armira Jebsen Active Invest GmbH & Co. KG Armira (Strategy L) Active Invest GmbH & Co. KG Armira (Strategy M) Active Invest GmbH & Co. KG Armira Strategy (O) Active Invest GmbH & Co. KG Armira Strategy (P) Active Invest GmbH & Co. KG Armira Strategy (Q) Active Invest GmbH & Co. KG Armira Strategy (R) Active Invest GmbH & Co. KG Armira Parallel Pool (A) GmbH & Co. KG Armira Parallel Pool (B) GmbH & Co. KG Armira F&F 2019/20 GmbH & Co. KG Armira Strategy (N) Active Invest GmbH & Co. KG Armira F&F 2019-II GmbH & Co. KG Armira F&F 2019-III GmbH & Co. KG

5. Date on which the threshold was crossed or reachedvi: 09/11/2022

 

 

 

6. Total positions of person(s) subject to the notification obligation:
	% of voting rights  attached to shares  (total of 7.A)	% of voting rights  through financial  instruments  (total of 7.B.1 + 7.B.2)	Total of both in %  (7.A + 7.B)	Total number of  voting rights of  issuervii
Resulting situation  on the date on which  threshold was  crossed or reached	22.81 %	4.73 %	27.54 %	126,841,586
Position of previous  notification (if  applicable)	25.2 %	N/A %	25.2 %

 

 

 

7. Notified details of the resulting situation on the date on which the threshold was crossed or  reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix		% of voting rights
	Direct (Art. 8 of the  Transparency Law)	Indirect (Art. 9 of the  Transparency Law)	Direct (Art. 8 of the  Transparency Law)	Indirect (Art. 9 of the  Transparency Law)
LU2333563281	N/A	28,932,509	N/A %	22.81 %
			%	%
			%	%
SUBTOTAL A (Direct & Indirect)	28,932,509		22.81 %

 

 

B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law

Type of financial  instrument	Expiration datex	Exercise/  Conversion Periodxi	Number of voting rights  that may be acquired if  the instrument is  exercised/ converted.	% of voting  rights
				%
				%
				%
		SUBTOTAL B.1	N/A	%

 

 

B 2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the  Transparency Law
Type of financial  instrument	Expiration datex	Exercise/  Conversion  Periodxi	Physical or cash  settlementxii	Number of  voting rights	% of voting  rights
Subscription  agreement	29/11/2022	Until expiration  date.	Physical  settlement.	6,000,000	4.73 %
					%
					%
			SUBTOTAL B.2	N/A	4.73 %

 

 

 

8. Information in relation to the person subject to the notification obligation: (please tick the applicable box) [  ] Person subject to the notification obligation is not controlled by any natural person or legal  entity and does not control any other undertaking(s) holding directly or indirectly an interest in  the (underlying) issuer.xiii [X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person  or legal entityxiv (please provide a separate organisational chart in case of a complex structure):
N°	Namexv	% of voting rights  held by ultimate  controlling person  or entity or held  directly by any  subsidiary if it  equals or is  higher than the  notifiable  threshold	% of voting rights  through financial instruments held  by ultimate  controlling person  or entity or held  directly by any  subsidiary if it  equals or is  higher than the  notifiable  threshold	Total of both	Directly  controlled  by (use  number(s)  from 1st column)
		%	%	%
		%	%	%
		%	%	%
		%	%	%
		%	%	%

 

 

9. In case of proxy voting:  The proxy holder named will cease to hold % and number of voting rights as of .

 

 

10. Additional informationxvi: This notification is made pursuant to (i) a change in the total number of voting rights in issue in tonies SE impacting  the percentages of voting rights held by the issuer of this notification and (ii) the entry into a subscription agreement for the subscription of a maximum amount of 6,000,000 new shares of tonies SE not yet in issue, to be issued by  tonies SE and subscribed by entities indirectly controlled by the person notifying under this notification. Given the complexity and the high number of controlled undertakings, a separate table is attached hereto as Annex I.

 

 

 

Done at 

Luxembourg

On

17.11.2022

 

 

 

Notes

ⁱ Please note that national forms may vary due to specific national legislation (Article 3(1a) of Directive  2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings.

ⁱⁱ Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and  accurate (e.g. address, LEI, domestic number identity).

ⁱⁱⁱ Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the  holding (e.g. expiring of financial instruments) or acting in concert.

^iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of  or exercising voting rights in the cases provided for in Article 9 (b) to (h) of the Transparency Law; or (c) the  holder of financial instruments referred to in Article 12(1) of the Transparency Law.

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different  total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not  provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Article 9 of the Transparency Law, the following list  is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in letter (b) of Article 9 of that Law, the natural person or legal entity that  acquires the voting rights and is entitled to exercise them under the agreement and the natural person or  legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in letter (c) of Article 9 of that Law, the natural person or legal entity holding  the collateral, provided the person or entity controls the voting rights and declares its intention of exercising  them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in letter (d) of Article 9 of that Law, the natural person or legal entity who has  a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares  and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in letter (e) of Article 9 of that Law, the controlling natural person or legal  entity and, provided it has a notification duty at an individual level under Article 8, under letters (a) to (d) of  Article 9 of that Law or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in letter (f) of Article 9 of that Law, the deposit taker of the shares, if he can  exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of  the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in letter (g) of Article 9 of that Law, the natural person or legal entity that  controls the voting rights;

- in the circumstances foreseen in letter (h) of Article 9 of that Law, the proxy holder, if he can exercise the  voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the  latter to exercise the voting rights at his discretion (e.g. management companies).

^v Applicable in the cases provided for in Article 9 (b) to (h) of the Transparency Law. This should be the full name  of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 9 of that Law  unless the percentage of voting rights held by the shareholder is lower than the 5% threshold for the disclosure of  voting rights holdings (e.g. identification of funds managed by management companies).

^vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took  place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate  event took effect.

^vii The total number of voting rights shall be composed of all the shares, including depository receipts representing  shares, to which voting rights are attached even if the exercise thereof is suspended.

 

^viii If the holding has fallen below the 5% threshold, please note that it is not necessary to disclose the extent of  the holding, only that the new holding is below that threshold. 

^ix In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect  holding', please split the voting rights number and percentage into the direct and indirect columns – if there is no  combined holdings, please leave the relevant box blank.

^x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

^xi If the financial instrument has such a period – please specify this period – for example once every 3 months  starting from [date]. 

^xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta adjusted basis (Article 12(2) of the Transparency Law).

^xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking  then the second option applies.

^xiv The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity also  has to be presented in the cases in which only on subsidiary level a threshold is crossed or reached and the  subsidiary undertaking discloses the notification as only then the market always gets the full picture of the group  holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively  held the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C,  free row, A, B, D, free row, A, E, F etc.). Numbers shall be attributed to all persons or entities within the group in  column 1 in order to allow a clear indication of the control structure in column 6. The names of all undertakings of  the control chain shall be provided in column 2, even if the number of the directly held voting rights and/or  financial instruments is not equal or higher than the notifiable threshold. Columns 3 & 4 shall indicate the holdings  of those persons or entities directly holding the voting rights and/or financial instruments if the holding is equal or  higher than the notifiable threshold.

^xv The names of controlled undertakings through which the voting rights and/or financial instruments are  effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest  applicable threshold themselves.

^xvi Example: Correction of a previous notification.

 

Annex I

Table – Full chain of control

N°	Name	% of voting  rights held by  ultimate  controlling  person or  entity or held  directly by any  subsidiary if it  equals or is  higher than  the notifiable  threshold	% of voting  right through  financial  instruments  held by  ultimate  controlling  person or  entity or held  directly by any  subsidiary if it  equals or is  higher than  the notifiable  threshold	Total of both	Directly  controlled by  (use  number(s)  from 1st column)
1.	Alexander Paul  Schemann	22.81%	4.73%	27.54%
2.	Armira Partners  Verwaltungs GmbH	22.81%	4.73%	27.54%	1
3.	Armira Partners GmbH &  Co. KG	22.81%	4.73%	27.54%	2
4.	Armira Beteiligungen  Verwaltungs GmbH	22.81%	4.73%	27.54%	3
5.	Armira Beteiligungen  GmbH & Co. KG	22.81%	4.73%	27.54%	4
6.	Armira Administration  GmbH	10.81%	2.15%	12.96%	5
7.	Armira Parallel Pool (A)  GmbH & Co. KG	1.99%	1.39%	3.37%	6
8.	Armira Parallel Pool (B)  GmbH & Co. KG	0.53%	0.37%	0.91%	6
9.	Armira Strategy (N)  Active Invest GmbH &  Co. KG	0.24%	0.17%	0.41%	6
10.	Armira F&F 2019/20  GmbH & Co. KG	0.34%	0.22%	0.56%	6
11.	Armira F&F 2019 II  GmbH & Co. KG	4.96%	0%	4.96%	6

 

12.	Armira F&F 2019 III  GmbH & Co. KG	2.75%	0%	2.75%	6
1.	Alexander Paul Schemann	22.81%	4.73%	27.54%
2.	Armira Partners  Verwaltungs GmbH	22.81%	4.73%	27.54%	1
3.	Armira Partners GmbH &  Co. KG	22.81%	4.73%	27.54%	2
4.	Armira Beteiligungen  Verwaltungs GmbH	22.81%	4.73%	27.54%	3
5.	Armira Beteiligungen  GmbH & Co. KG	22.81%	4.73%	27.54%	4
6.	Armira Management  GmbH	12.00%	2.58%	14.58%	5
7.	AH Beteiligung 6 GmbH &  Co. KG	6.06%	0%	6.06%	6
8.	LuxCo Active Invest  GmbH & Co. KG	2.67%	0.74%	3.41%	6
9.	Armira (Strategy B)  Active Invest GmbH &  Co. KG	0.13%	0.09%	0.22%	6
10.	Armira (Strategy C)  Active Invest GmbH &  Co. KG	0.13%	0.09%	0.22%	6
11.	PE I Invest GmbH & Co.  KG	0.13%	0.09%	0.22%	6
12.	Armira (Strategy E)  Active Invest GmbH &  Co. KG	0.26%	0.18%	0.43%	6
13.	Armira (Strategy F)  Active Invest GmbH &  Co. KG	0.10%	0.07%	0.16%	6
14.	Armira (Strategy I) Active  Invest GmbH & Co. KG	0.26%	0.18%	0.43%	6
15.	Armira (Strategy J) Active  Invest GmbH & Co. KG	0.26%	0.18%	0.43%	6

 

16.	Armira Jebsen Active  Invest GmbH & Co. KG	0.88%	0.18%	1.05%	6
17.	Armira Strategy (P)  Active Invest GmbH &  Co. KG	0.19%	0.13%	0.32%	6
18.	Armira (Strategy M)  Active Invest GmbH &  Co. KG	0.13%	0.09%	0.22%	6
19.	Armira (Strategy L)  Active Invest GmbH &  Co. KG	0.13%	0.09%	0.22%	6
20.	Armira Strategy (O)  Active Invest GmbH &  Co. KG	0.26%	0.18%	0.43%	6
21.	Armira Strategy (Q)  Active Invest GmbH &  Co. KG	0.13%	0.09%	0.22%	6
	Armira Strategy (R)  Active Invest GmbH &  Co. KG	0.32%	0.22%	0.54%	6