Brussels -- Belgian foamer Recticel has announced that Madrid, Spain-based shareholder Bestinver Gestion SA, SGICC, which holds 2 568 491 Recticel shares (8.88 percent of total outstanding shares with voting rights), has notified the company it has crossed below the statutory threshold of 10 percent share ownership.
Meanwhile, Brussels-based shareholder KBC Asset management has given notification that it has dropped under the 3 percent threshold. Farringdon Capital Management has risen above the 3 percent share ownership threshold, a 22 Jan Recticel statement said.
These changes must be notified to Recticel under the rule of the Belgian Banking, Financial and Insurance Commission (CBFA), the statement said. (RD)"