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

Publication on: 2016-07-11 16:20

The Board of LIVECHAT SOFTWARE SA (the “Company”, “Issuer”) announces that on 11 July 2016 it received information from Tar Heel Capital OS, LLC (“THC OS”), whereby the THC OS changed the status of ownership of shares by more than 2% of the total number of votes and decreased its involvement below the threshold of 10% of the total number of votes in the Company. The information was submitted in connection with art. 69 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies. The notified changes in the ownership of shares occurred as a result of concluded on 6 July 2016 pack transaction on the regulated market in which THC OS sold 1,122,160 shares of the Company, representing 4.36% of its share capital and giving the right to 1,122,160 votes at the general Meeting of the Company, representing 4.36% of the total number of votes in the Company. According to the notification, prior to the transaction THC OS held directly 3,005,526 shares of the Company, representing 11.67% of the share capital and giving the right to 3,005,526 votes at the General Meeting of the Company, representing 11.67% of total votes in the Company (indirectly no shares of the Company). After the transaction THC OS directly holds 1,883,366 shares of the Company, representing 7.31% of share capital and giving the right to 1,883,366 votes at the General Meeting of the Company, representing 7.13% of the total number of votes in the Company (indirectly holds no shares of the Company) . The notice also informed that there were no subsidiaries of THC OS within the meaning of the Act, which hold shares of the Company and that there were no persons referred to in Article 87 para. 1 point 3 letter c) of the Act and that THC OS had non-voting shares of the Company in relation to the situations set out in Article 69 para. 4 point 7 and 8 of the Act.