Participation notification - SOLVAC
Brussels, July 20, 2016 - Solvay takes note that on the 19th of July 2016, SOLVAC filed a notification with the FSMA to disclose the level of its ownership in Solvay SA in accordance with Belgian market regulations. This follows the notification made by Solvay SA on July 8, 2016 regarding SSOM (Solvay Stock Option Management) participation.
Indeed, earlier this month, the participation of SSOM in Solvay SA reached 2,631,626 shares and 559,374 purchase options, thus exceeding the 3% threshold.
The direct ownership of SOLVAC in Solvay SA remains at 32,511,125 shares (representing 30.7% of the 105,876,476 issued shares).
An international chemical and advanced materials company, Solvay assists its customers in innovating, developing and delivering high-value, sustainable products and solutions which consume less energy and reduce CO2 emissions, optimize the use of resources and improve the quality of life. Solvay serves diversified global end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction as well as industrial applications. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries. It generated pro forma net sales of € 12.4 bn in 2015, with 90% made from activities where it ranks among the world’s top 3 players. Solvay SA (SOLB.BE) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).