Brussels, Friday May 11, 2018, 17h45 CEST --- According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (55 East 52nd Street, New York, NY, 10055, U.S.A.) has notified Solvay S.A. that:
On May 3, 2018 BlackRock Inc. crossed the 5% statutory threshold upwards with 4.52% of the total voting rights and 0.52% of equivalent financial instruments, or a total of 5.04%.
On May 7, 2018 BlackRock Inc. crossed the 5% statutory threshold downwards with 4.48% of the total voting rights and 0.50% of equivalent financial instruments, or a total of 4.98%.
Declarations by BlackRock Inc. are published in the Investor Relations Section of Solvay's website.
Solvay is an advanced materials and chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 26,800 employees in 61 countries. Net sales were € 10.1 billion in 2017, with 90% from activities where Solvay ranks among the world’s top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.
Financial figures take into account the announced divestment of Polyamides