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UBO Register: reminder of the formalities to be completed before 31 August 2021

The Royal Decree on the operating modalities of the UBO register (amended on 23 September 2020) requires information providers (i.e. companies, associations, foundations, trusts, etc.) to confirm annually the accuracy of the information on their ultimate beneficial owners (« UBO »). For technical reasons related to the online platform, the information on beneficial owners of all information providers was automatically confirmed by the FPS Finances on 30 April 2020.
By 31 August 2021 at the latest (i.e. deadline of 30 April 2021 having been postponed to this date), the parties responsible for providing information must therefore reconfirm that the information on their ultimate beneficial owners is correct and up to date. As a reminder, the parties responsible for providing information must also communicate - within one month - any change in the information on the beneficial owners (cf. article 1:35 of the Companies and Associations Code).
It is also worth recalling that since 11 October 2020, information providers are required to provide "any document demonstrating that the information relating to a beneficial owner is adequate, accurate and up-to-date". Legal representatives must therefore provide proof of the accuracy of the information relating to the identity, nature and extent of the beneficial owner's interest in the information provider.
By 31 August 2021 at the latest (i.e. deadline of 30 April 2021 having been also postponed to this date), information providers - having already registered their beneficial owners in the UBO register before 11 October 2020 - must comply with this new requirement to provide supporting documents.
Therefore, please ensure that you complete the above formalities before 31 August 2021. If applicable, the directors of the information providers may be subject to administrative fines of between EUR 250 and EUR 50,000. Please visit your MyMinfin portal soon.

TheraVet - IPO

Harvest is proud and pleased to assist TheraVet in its IPO.
The team members involved in this transaction are Adrien Lanotte and Bjorn Delmoitié.

Harvest assisted IbanFirst in its EUR 200 million team up with Marlin Equity Partners

Harvest is proud to have assisted IbanFirst in the Belgian aspects of its EUR 200 million team up with Marlin Equity Partners. The move marks a shift in IbanFirst’s funding strategy to date, having already raised EUR 46 million over three successive VC rounds since 2016.

Tessares - capital raise subscribed by Sagemcom and EIC Fund

Harvest is delighted to have assisted Tessares in its latest capital raise subscribed notably by Sagemcom and EIC Fund.

Realco - sale of its Pool and Spa Business to the Spanish group Fluidra

Harvest assisted Realco in the sale of its Pool and Spa Business to the Spanish group Fluidra

Novobiom - first capital raise

Harvest is glad to have been involved in this first capital raise.

Harvest strengthens its corporate team

Harvest has the pleasure to welcome Bjorn Delmoitié, who recently joined the Corporate Team.

Celyad Oncology - implementation of a $ 40 million equity facility

Harvest assisted Celyad Oncology in the implementation of a $ 40 million equity facility with Lincoln Park Capital Fund.

TheraVet - financing of EUR 4 million to accelerate the development of its two veterinary products.

Harvest assisted TheraVet, a veterinary biotech, in its EUR 4 million financing to accelerate the development of its two veterinary products.

Wilink - acquisition of Real Life

Harvest assisted Wilink Insurance on the acquisition of Real Life. This external growth transaction takes place in the framework of the entry of the French investment fund LFPI in the shareholding of Wilink.

Celyad Oncology - implementation of $ 25 million ATM

Harvest assisted Celyad Oncology, a Belgian biotech company listed on Euronext Brussels/Paris and on the Nasdaq Global Market, in the structuring and implementation of its $ 25 million At The Market offering (ATM).

iBanFirst - capital raising round worth €21 million

Harvest is very proud to have assisted iBanFirst in its latest capital raising round worth €21 million, led by Elaia and Bpifrance to expand its financial services platform.

Cowboy - EUR 23 million Series B funding

A Harvest team has advised Hardware Club, a venture capital firm on its participation to Cowboy EUR 23 million Series B funding.