According to Belgian law, a shareholder whose direct or indirect (together with affiliated parties with whom he acts in concert) stake reaches, exceeds or falls below a threshold of 5% or a multiple of 5% of the denominator (see below), has to disclose this. In addition the corporate bylaws of Agfa have specified that reaching, exceeding or falling below the initial threshold of 3% of the existing shares must also be disclosed.
According to the Belgian legislation (law of May 2, 2007 and the Royal Decree of February 14, 2008 relating to the publicity of large participations), the number of shares of the denominator is as follows: 171,851,042.
As of January 10, 2006, Agfa-Gevaert owns 4,099,852 shares in treasury and holds thus 2.39% of the voting rights.
Pursuant to transparency declarations received before the completion of the capital increase, the following entity held a stake in Agfa-Gevaert: Classic Fund Management AG (5.67%). Agfa-Gevaert has not been informed by this entity of its stake after the capital increase.
As of September 5, 2011, Dimensional Fund Advisors LP has announced that it directly holds a share in Agfa-Gevaert of 5,774,118 voting rights or 3.36%.
As per December 1, 2016, Norges Bank holds a stake in Agfa-Gevaert of 10,261,992 voting rights or 5.97%.