Participation Notification by BlackRock Inc.
Brussels, Tuesday December 2, 2019, 08h30 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 sent to Solvay different transparency notifications in the last few days indicating that it crossed different times the threshold of 3%. Here is a summary of the different moves:
|
Date on which the threshold was crossed |
Voting rights after the transaction |
Equivalent financial instruments after the transaction |
Total |
|
November 26, 2019 |
3.07% |
0.58% |
3.65% |
|
November 27, 2019 |
2.96% |
0.63% |
3.59% |
The most recent notification, dated November 28, 2019, contains the following information:
- Reason for the notification: Acquisition of direct voting rights
- Notified by: BlackRock Inc. (55 East 52nd Street, New York, NY, 10055, U.S.A.)
- Date on which the threshold is crossed: November 27, 2019
- Threshold of direct voting rights crossed: 3% downwards
- Denominator: 105,876,416
- Additional information: The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. going below 3%.
The full chain of controlled undertakings through which the holding is effectively held is available enclosed.
Declarations by BlackRock Inc. are published in the Investor Relations Section of Solvay's website.
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse 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 24,500 employees in 61 countries. Net sales were €10.3 billion in 2018, 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.
Figures take into account the planned divestment of Polyamides.