Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)*

 

 

Spotify Technology S.A.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

L8681T102

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. L8681T102    Schedule 13G    Page 1 of 8

 

  1    

  Names of Reporting Persons

 

  Daniel Ek

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Sweden

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  32,773,691

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  32,773,691

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  32,773,691

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  17.2%

12  

  Type of Reporting Person

 

  IN


CUSIP No. L8681T102    Schedule 13G    Page 2 of 8

 

  1    

  Names of Reporting Persons

 

  D.G.E. Holding Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Republic of Cyprus

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  32,773,691

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  32,773,691

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  32,773,691

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  17.2%

12  

  Type of Reporting Person

 

  CO


CUSIP No. L8681T102    Schedule 13G    Page 3 of 8

 

  1    

  Names of Reporting Persons

 

  D.G.E. Investments Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Republic of Cyprus

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  32,773,691

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  32,773,691

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  32,773,691

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  17.2%

12  

  Type of Reporting Person

 

  CO


CUSIP No. L8681T102    Schedule 13G    Page 4 of 8

 

ITEM 1.

(a)       Name of Issuer:

Spotify Technology S.A. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

42-44, avenue de la Gare

L-1610 Luxembourg

Grand Duchy of Luxembourg

 

ITEM 2.

(a)       Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

Daniel Ek

D.G.E. Holding Limited (“D.G.E. Holding”)

D.G.E. Investments Limited (“D.G.E. Investments”)

 

  (b)

Address or Principal Business Office:

The business address for Daniel Ek is c/o Spotify AB, Regeringsgatan 19, 111 53 Stockholm, Sweden and for both D.G.E. Holding and D.G.E. Investments is 1 Alexandrou Panagouli, Office 2B, Novel Tower, 6057 Larnaca, Cyprus.

 

  (c)

Citizenship of each Reporting Person is:

Daniel Ek is a citizen of Sweden and both D.G.E. Holding and D.G.E. Investments are organized under the laws of the Republic of Cyprus.

 

  (d)

Title of Class of Securities:

Ordinary Shares, €0.000625 par value per share (“Ordinary Shares”).

 

  (e)

CUSIP Number:

L8681T102

 

ITEM 3.

Not applicable.


CUSIP No. L8681T102    Schedule 13G    Page 5 of 8

 

ITEM 4.

Ownership.

(a-c)

The following sets forth, as of the date of this Schedule 13G, the aggregate number and percentage of Ordinary Shares beneficially owned by the Reporting Persons, as well as the number of Ordinary Shares as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 190,212,847 Ordinary Shares outstanding as of December 31, 2020.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Daniel Ek

     32,773,691        17.2     0        32,773,691        0        32,773,691  

D.G.E. Holding Limited

     32,773,691        17.2     0        32,773,691        0        32,773,691  

D.G.E. Investments Limited

     32,773,691        17.2     0        32,773,691        0        32,773,691  

D.G.E. Investments is the record holder of 15,341,722 Ordinary Shares and warrants to purchase 800,000 Ordinary Shares that are currently exercisable. D.G.E. Investments also has an irrevocable proxy with respect to 4,276,200 Ordinary Shares held of record by Tencent Music Entertainment Hong Kong Limited, 9,076,240 Ordinary Shares held of record by Tencent Image Frame Investment (HK) Limited, 3,227,920 Ordinary Shares held of record by Tencent Mobility Limited, and 51,609 Ordinary Shares held by Distribution Pool Limited, and therefore may be deemed to share beneficial ownership of such Ordinary Shares. 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. As a result, each of D.G.E. Holding and Mr. Ek may be deemed to share beneficial ownership of the Ordinary Shares beneficially owned by D.G.E. Investments.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.


CUSIP No. L8681T102    Schedule 13G    Page 6 of 8

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. L8681T102    Schedule 13G    Page 7 of 8

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 5, 2021

 

/s/ Daniel Ek

Daniel Ek

D.G.E. Holding Limited

By:  

/s/ Katarina Lif Burren

Name:  Katarina Lif Burren

Title:    Director 1

By:  

/s/ Yiannakis Procopiou

Name:  Yiannakis Procopiou
Title:    Director 2

D.G.E. Investments Limited

By:   /s/ Katarina Lif Burren

Name:  Katarina Lif Burren

Title:    Director 1

By:  

/s/ Yiannakis Procopiou

Name:  Yiannakis Procopiou
Title:    Director 2


CUSIP No. L8681T102    Schedule 13G    Page 8 of 8

 

LIST OF EXHIBITS

 

Exhibit
No.

  

Description

99    Joint Filing Agreement (incorporated by reference to Exhibit 99 to the Schedule 13G filed by the Reporting Person on February 12, 2019).