Participation notification by BlackRock Inc. - November 28, 2019
Participation Notification by BlackRock Inc.
Brussels, Thursday November 28, 2019, 08h30 CET --- 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 a transparency notification on November 25, 2019, indicating that it crossed downwards the 3% statutory threshold for direct voting rights, holding 2.85%. Including equivalent financial instruments, the total voting rights stand at 3.57%.
The notification, dated November 22, 2019, contains the following information:
- Reason for the notification: Disposal 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 21, 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.