Participation notification: Solvay Stock Option Management (SSOM)
Brussels - July 7, 2016 --- According to regulations on financial transparency, Solvay notified the FSMA that on July 4, 2016, the participation in Solvay of its indirect subsidiary, Solvay Stock Option Management (SSOM), has exceeded the threshold of 3%.
On that date, the participation of SSOM amounted to 3.01% of the 105,876,416 shares issued by Solvay, i.e. 2,632,690 shares and 559,374 purchase options.
These SSOM purchases are part of the Group's risk hedging strategy linked to stock options granted by Solvay to senior executives of the Group.
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).