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Spotify Technology | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Daniel Ek(15.6%),D.G.E. Holding Limited(15.6%), etc.

SEC announcement ·  Feb 9 07:44
Summary by Moomoo AI
Spotify Technology S.A. filed an amendment to Schedule 13G with the Securities and Exchange Commission on December 31, 2023, disclosing significant share ownership by Daniel Ek and two entities, D.G.E. Holding Limited and D.G.E. Investments Limited. The filing, dated February 8, 2024, indicates that Daniel Ek, founder and CEO of Spotify, along with the Cyprus-based companies, collectively hold 30,856,376 ordinary shares, representing 15.6% of the company. This shared ownership structure is due to D.G.E. Investments being the record holder of a portion of the shares and holding warrants, as well as irrevocable proxies related to shares held by various Tencent entities. D.G.E. Holding is the sole shareholder of D.G.E. Investments, and Daniel Ek is the sole shareholder of D.G.E. Holding, establishing a chain of ownership that leads back to Ek. The filing confirms that the information provided is complete and correct to the best of the filers' knowledge.
Spotify Technology S.A. filed an amendment to Schedule 13G with the Securities and Exchange Commission on December 31, 2023, disclosing significant share ownership by Daniel Ek and two entities, D.G.E. Holding Limited and D.G.E. Investments Limited. The filing, dated February 8, 2024, indicates that Daniel Ek, founder and CEO of Spotify, along with the Cyprus-based companies, collectively hold 30,856,376 ordinary shares, representing 15.6% of the company. This shared ownership structure is due to D.G.E. Investments being the record holder of a portion of the shares and holding warrants, as well as irrevocable proxies related to shares held by various Tencent entities. D.G.E. Holding is the sole shareholder of D.G.E. Investments, and Daniel Ek is the sole shareholder of D.G.E. Holding, establishing a chain of ownership that leads back to Ek. The filing confirms that the information provided is complete and correct to the best of the filers' knowledge.
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