BlackRock's Substantial Holdings in Qiagen Trigger Voting Rights Announcement

Qiagen has been notified by the Netherlands Authority for the Financial Markets (AFM) regarding a voting rights announcement involving BlackRock, which has significant indirect holdings in Qiagen through its subsidiaries. This could impact Qiagen's capital interest and voting rights, affecting the company's market dynamics and stakeholder interests.

The Netherlands Authority for the Financial Markets (AFM) has recently notified Qiagen N.V. of significant voting rights changes involving BlackRock, which holds substantial indirect interests in the company. These changes could potentially impact Qiagen's capital interest and voting rights, influencing the company's market dynamics and stakeholder interests.

According to the AFM's notification [1], BlackRock, through various subsidiaries, holds a combined total of approximately 10.01% of Qiagen's capital interest and 11.17% of its voting rights. This significant holding structure could potentially influence decision-making processes and strategic directions within the company.

Qiagen's investor relations team has confirmed that the notification is accurate and has been taken from the relevant register of the AFM. The company has stated that it is not responsible for the accuracy and correctness of the notification above [1].

In addition to the voting rights changes, Qiagen has also announced plans to issue senior, unsecured net share settled convertible bonds [2]. These bonds, which may be converted into ordinary shares of the company, are expected to be issued in an aggregate volume of USD 750 million. The company plans to use the net proceeds from the issuance of the bonds for general corporate purposes, including the refinancing of existing indebtedness.

The expected settlement date of the bonds is September 4, 2025, and the company intends to apply for the bonds to be admitted to trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange. The bonds will be issued at par, with interest rates ranging from 1.75% to 2.25% per annum, payable semi-annually in arrear.

The initial conversion price is expected to be set at a 40% to 45% premium over the reference share price, which will be equal to the volume-weighted average price of the shares on the New York Stock Exchange today, August 28, 2025. The final terms of the bonds will be announced in a separate press release later today, August 28, 2025.

In summary, Qiagen is facing significant changes in its voting rights structure due to BlackRock's substantial indirect holdings. Additionally, the company has announced plans to issue convertible bonds to raise funds for general corporate purposes and refinancing existing debt. These developments could have implications for the company's market dynamics and stakeholder interests.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-29:newsml_PexVCWRla:0-pta-pvr-qiagen-n-v-release-according-to-article-40-section-1-of-the-wphg/
[2] https://www.marketscreener.com/news/qiagen-n-ad-hoc-announcement-according-to-art-17-market-abuse-regulation-ce7c50dfdc80fe27