In line with Belgian transparency legislation (Law of May 2, 2007), UBS Group AG recently sent to Solvay the following transparency notification indicating that they crossed the threshold of 5%.
The notification, dated April 23, 2024, contains the following information:
- Reason for the notification: acquisition or disposal of financial instruments that are treated as voting securities.
- Notified by: A parent undertaking or a controlling person
- Date on which the threshold is crossed: April 17, 2024
- Threshold of direct voting rights crossed: 5% upwards
- Denominator: 105,876,416
- Additional information: The disclosure obligation arose due to the total indirect holdings of UBS Group AG in voting rights of Solvay SA, held directly by controlled undertakings, going above 5% on 17th April 2024. This was caused by an increase in the Trading Book holdings of the aforementioned entities above 5% and therefore no longer being exempt from reporting.
Persons subject to the notification requirement: UBS Group AG (Bahnhofstrasse 45, 8001 Zürich). Transparency notifications are available on the Investor Relations Section of Solvay's website.
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Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay's pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of over 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay’s unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. As a world-leading company with €4.9 billion in net sales in 2023, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit solvay.com or follow Solvay on LinkedIn.
