SCHEDULE: Triton Funds Convert Evotec SE Swap to Direct Equity

Triton-affiliated entities, including Excalibur LuxCo SARL, have converted a swap agreement into direct ownership of 3.55 million Evotec SE ordinary shares, maintaining a 9.99% stake.

Summary

• Excalibur LuxCo SARL, along with other Triton Fund 6 entities, beneficially owns 17,730,913 Ordinary Shares of Evotec SE.
• This represents 9.99% of Evotec SE's Ordinary Shares outstanding, calculated based on 177,561,699 shares as of June 30, 2025.
• On October 27, 2025, LuxCo exercised its right under a Swap Agreement to acquire 3,551,067 Subject Shares at a reference price of Euro 7.46 per share.
• Following this exercise, the aggregate beneficial ownership and percentage of the class held by the reporting persons remain unchanged.
• The reporting persons now hold all 17,730,913 reported securities as direct voting Ordinary Shares, converting from a previous derivative-based holding.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of a change in the form of beneficial ownership, maintaining a neutral sentiment for the issuer. It reflects a procedural update rather than a performance indicator.

Positives

• The reporting persons have solidified their commitment to Evotec SE by converting derivative holdings into direct voting Ordinary Shares.
• The exercise of the swap agreement at a reference price of Euro 7.46 per share indicates a specific valuation point for a portion of the holding.

Negatives

• No explicit negative points for Evotec SE are detailed in this ownership disclosure.

Future Outlook

This filing does not contain forward-looking statements or guidance from Evotec SE.

Industry Context

This filing primarily concerns a change in the form of beneficial ownership by a significant investor group in Evotec SE, rather than broader industry trends. It reflects a specific investment strategy by the Triton Funds regarding their stake in the biotechnology sector.

Related Party Transactions

• Excalibur LuxCo SARL exercised its right to acquire 3,551,067 shares under a Swap Agreement, which represents a transaction between the reporting person and a counterparty (not explicitly named as a related party to Evotec SE in this filing, but part of the reporting group's investment strategy).

Stakeholder Impact

• Shareholders: The change from derivative to direct voting shares clarifies the voting power and long-term commitment of a significant shareholder group, potentially increasing transparency regarding their influence.
• Management: Increased direct equity ownership by a major investor could imply a more direct engagement with company strategy and governance.

Key Dates

Keywords

Evotec SE, Schedule 13D, Beneficial Ownership, Triton Fund, Excalibur LuxCo SARL, Swap Agreement, Equity Conversion, Ordinary Shares