Transparency notification from JNE Partners
Antwerp (Belgium), 19 November 2025 – 17:47 CET – In accordance with Article 14 of the Belgian Transparency law of 2 May 2007, Azelis Group NV announces that on 18 November 2025, it has received a transparency notification from JNE Partners.
1. Summary of the notification
JNE Partners reported in its notification dated 18 November 2025, that on 12 November 2025, following an acquisition of voting securities, JNE Partners Luxembourg S.à r.l., one of the affiliates of JNE Partners, increased its participation and crossed the threshold of 3.00%, and JNE Partners as a group crossed the threshold of 5.00% in Azelis Group NV.
On 12 November 2025, JNE Partners (taking into account the holding of all its affiliates) owned 16,733,307 shares with voting rights, representing 6.86% of the total number of shares issued by the company (243,921,719).
2. Content of the notification
Reason for the notification
Acquisition or disposal of voting securities or voting rights
Notification by
A parent undertaking or a controlling person
Persons subject to the notification requirement
Date on which the threshold is crossed
12 November 2025
Threshold that is crossed (in %)
5%
Denominator
243,921,719
Notified Details
| TOTAL (A & B) | # of voting rights | % of voting rights | ||
| CALCULATE | 16,733,307 | 6.86% |
Chain of controlled undertakings through which the holding is effectively held, if applicable
JNE Partners Luxembourg S.à r.l. ("JNE Lux"), a Luxembourg limited liability company, directly holds 9,519,560 shares in the issuer. JNE Lux is wholly-owned by JNE Master Fund LP ("JNE Master Fund"), a Cayman Islands limited partnership. JNE Master Fund is controlled by its investment manager JNE Partners LLP ("JNE LLP"), a UK limited liability partnership, and JNE Partners (GP) LLC ("JNE GP"), a Cayman Islands limited liability company, as general partner. JNE LLP holds the voting rights in relation to 7,213,747 shares in the issuer under management for a third party investor on the basis of an investment management agreement. JNE LLP is directly, and JNE GP is indirectly (via its 100% parent company JNE Partners LLC, a Cayman Islands limited liability company), controlled by Mr. Jonathan Esfandi.
Additional information
JNE Partners Luxembourg S.à r.l. has on 12 November 2025 purchased 2,534,560 shares in the issuer, as a consequence of which it has increased its stake to 9,519,560 shares (3,90%) in the issuer. On the same date, JNE LLP, as investment manager for a third party investor under an investment management agreement, acquired voting rights in relation to 7,213,747 shares in the issuer.
3. Further information
The full transparency notification as well as this press release can be consulted on the Azelis Group NV’s website.
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