End of the share dematerialization process: sale of Solvay’s non converted bearer shares on the market
Brussels, Belgium, June 17, 2015 ---In accordance with the applicable regulation (Article 11, §1 of the Belgian law of December 14, 2005, as modified by the law of December 21, 2013), Solvay must sell the outstanding Solvay bearer (non-dematerialized) shares on the market. Currently 33,099 shares (ISIN code: BE 0003470755) or 0.04% of the total issued equity, have not yet been converted into either dematerialized shares or registered shares.
Holders still have the possibility to convert their bearer shares until July 17, 2015, at the latest. This can be done by depositing them at any BNP Paribas Fortis agency in Belgium. All remaining bearer shares will be sold by Solvay on the Euronext Brussels stock exchange within a period of 3 months post the deadline of June 17, 2015. After deduction of incurred costs, the proceeds of this sale will be deposited at the Belgian Deposit and Consignment Office, where holders can still claim the reimbursement of their bearer shares, after deduction of the penalties as described in the law, as from January 1, 2016 until December 31, 2024.
The dematerialization process does not modify the capital of Solvay SA which is represented today by 84,701,133 shares.
As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 26,000 people in 52 countries and generated 10.2 billion euros in net sales in 2014. Solvay SA (SOLB.BE) is listed on EURONEXT Brussels and EURONEXT Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).