Change in ownership of shares and a drop below the threshold of 10% of votes at the General Meeting

Publication on: 2016-07-11 17:02 The Board of LIVECHAT SOFTWARE SA (the “Company”, “Issuer”) announces that on 11 July 2016 it received information about the change in ownership of shares by more than 2% of the total number of votes and a reduction of commitment under the threshold of 10% of the total number of votes in the Company by funds managed by Copernicus Capital TFI SA (“Copernicus TFI”, the ”Fund”). Notification was made in accordance with Art. 87 para. 1 point 2 and in conjunction with Art. 69 para. 1 point 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies (the “Act”). The Fund is managed on behalf of the funds it manages FULCRUM FIZ, FALCON FIZ and NAPOLEON FIZ. The Fund reported that the change of ownership by more than 2% of the total number of votes and the reduction of the total commitment under the threshold of 10% of the total number of votes in the Company occurred as a result of completed transactions: 1) FALCRUM FIZ sold on 6 July 2016 in a block transaction concluded on the regulated market 918,870 shares of the Company, representing 3.57% of the share capital of the Company, entitling to 918,870 votes at the General Meeting of the Company, constituting 3.57% of the total number of votes in the Company; 2) FALCON FIZ sold on 6 July 2016 in a block transaction concluded on the regulated market 185,613 shares of the Company, representing 0.72% of the share capital of the Company, entitling to 185,613 votes at the General Meeting of the Company, constituting 0.72% of the total number of votes in the Company; 3) NAPOLEON FIZ sold on 6 July 2016 in a block transaction concluded on the regulated market 348,357 shares of the Company, representing 1.35% of the share capital of the Company, entitling to 348,357 votes at the General Meeting of the Company, constituting 1.35% of the total number of votes in the Company; collectively referred to as the “Transactions”. Before carrying out the transactions: 1) FALCRUM FIZ directly held 2,461,047 shares, representing 9.56% of share capital and giving the right to 2,461,047 votes at the General Meeting of the Company, representing 9.56% of the total number of votes in the Company; 2) FALCON FIZ directly held 497,134 shares, representing 1.93% of share capital and giving the right to 497,134 votes at the General Meeting of the Company, representing 1.93% of the total number of votes in the Company; 3) NAPOLEON FIZ directly held 933,018 shares, representing 3.62% of share capital and giving the right to 933,018 votes at the General Meeting of the Company, representing 3.62% of the total number of votes in the Company; 4) FALCRUM FIZ, FALCON FIZ and NAPOLEON FIZ did not indirectly (ie. through their subsidiaries within the meaning of the Act) hold any shares of the Company and that Copernicus TFI was the investment fund company managing FALCRUM FIZ, FIZ FALCON, NAPOLEON FIZ. Before carrying out the transaction, the funds managed by Copernicus TFI funds held a total of 3,891,199 shares of the Company, representing 15.11% of the share capital and giving the right to 3,891,199 votes at the General Meeting of the Company, representing 15.11% of total votes in the Company. After carrying out the transactions: 1) FALCRUM FIZ directly held 1,542,177 shares, representing 5.99% of share capital and giving the right to 1,542,177 votes at the General Meeting of the Company, representing 5.99% of the total number of votes in the Company; 2) FALCON FIZ directly held 311,521 shares, representing 1.21% of share capital and giving the right to 311,521 votes at the General Meeting of the Company, representing 1.21% of the total number of votes in the Company; 3) NAPOLEON FIZ directly held 584,661 shares, representing 2.27% of share capital and giving the right to 584,661 votes at the General Meeting of the Company, representing 2.27% of the total number of votes in the Company; 4) FALCRUM FIZ, FALCON FIZ and NAPOLEON FIZ did not indirectly (ie. through their subsidiaries within the meaning of the Act) hold any shares of the Company and that Copernicus TFI was the investment fund company managing FALCRUM FIZ, FIZ FALCON, NAPOLEON FIZ. After carrying out the transaction, the funds managed by Copernicus TFI funds held a total of 2,438,359 shares of the Company, representing 9.47% of the share capital and giving the right to 2,438,359 votes at the General Meeting of the Company, representing 9.47% of total votes in the Company. According to the notification, there are no other investment funds managed by Copernicus TFI that hold shares of the Company. The notice also informed that FULCRUM FIZ, FALCON FIZ and NAPOLEON FIZ had non-voting shares of the Company in relation to the situations set out in Art. 69 para. 4 points 7 and 8 of the Act and that there are no subsidiaries to Copernicus TFI, FALCRUM FIZ, FALCON FIZ and NAPOLEON FIZ within the meaning of the Act, which hold shares of the Company and that there are no persons referred to in Art. 87. para. 1 point 3 letter c) of the Act.