United States

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. 1)*

 

 

Spotify Technology S.A.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

L8681T102

(CUSIP Number)

December 31, 2019

(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

 

32,720

       6   

Shared Voting Power

 

34,479,648

       7   

Sole Dispositive Power

 

32,720

       8   

Shared Dispositive Power

 

34,479,648

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

34,512,368

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

18.5%

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

 

34,479,648

       7   

Sole Dispositive Power

 

0

       8   

Shared Dispositive Power

 

34,479,648

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

34,479,648

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

18.5%

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

 

34,479,648

       7   

Sole Dispositive Power

 

0

       8   

Shared Dispositive Power

 

34,479,648

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

34,479,648

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

18.5%

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 Office 101, Omega Business Center, 18 Stratigou Temagia Avenue, 6047 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 184,325,957 Ordinary Shares outstanding as of December 31, 2019.

 

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

   34,512,368    18.5%   32,720    34,479,648    32,720    34,479,648

D.G.E. Holding Limited

   34,479,648    18.5%            0    34,479,648             0    34,479,648

D.G.E. Investments Limited

   34,479,648    18.5%            0    34,479,648             0    34,479,648

D.G.E. Investments is the record holder of 15,447,679 Ordinary Shares and warrants to purchase 2,400,000 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.

In addition, Mr. Ek beneficially owns 32,720 Ordinary Shares underlying stock options that are currently exercisable or will become exercisable on or before March 1, 2020.

 

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.


 

CUSIP No. L8681T102    Schedule 13G    Page 6 of 8

 

ITEM 7.

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

Not applicable.

 

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 12, 2020

 

/s/ Daniel Ek
Daniel Ek

 

D.G.E. Holding Limited
By:   /s/ Katarina Lif Burren
Name:   Katarina Lif Burren
Title:   Director 1
By:   /s/ Sara Gunnervik
Name:   Sara Gunnervik
Title:   Director 2
D.G.E. Investments Limited
By:   /s/ Katarina Lif Burren
Name:   Katarina Lif Burren
Title:   Director 1
By:   /s/ Sara Gunnervik
Name:   Sara Gunnervik
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).
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