Major Shareholding Notification • Aug 26, 2025
Major Shareholding Notification
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In line with Belgian transparency legislation (Law of May 2, 2007), Morgan Stanley recently sent to Solvay the following transparency notification, indicating that Morgan Stanley & Co. International plc, a wholly owned subsidiary of Morgan Stanley, has crossed the threshold of 3%. Morgan Stanley's total holding in Solvay remains above the 3% threshold previously disclosed.
Here is a summary of the notification:
| Date on which the threshold was crossed |
Voting rights after the transaction |
Equivalent financial instruments after the transaction |
Total |
|---|---|---|---|
| August 18, 2025 | 0.01% | 3.16% | 3.17% |
The notification, dated August 22, 2025, contains the following information:

| A) Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | |||
| Holders of voting rights | Linked to securities | Not linked to the securities |
Linked to securities | Not linked to the securities |
|
| Morgan Stanley | 0 | 0 | 0.00% | 0.00% | |
| Morgan Stanley & Co. LLC | 20 | 0 | 0.00% | 0.00% | |
| Morgan Stanley & Co. International plc | 10.312 | 0 | 0.01% | 0.00% | |
| Subtotal | 10,332 | 0.01% | |||
| TOTAL | 10,332 | 0 | 0.01% | 0.00% |
| B) Equivalent financial instruments | After the transaction | ||||||
|---|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument | Expiration date | Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights | Settlement | |
| Morgan Stanley & Co. International plc | Equity Call Options | 19/12/2025 At any time | 14,900 | 0.01% | physical | ||
| Morgan Stanley & Co. International plc Equity Call Options | 19/06/2026 At any time | 201,200 | 0.19% | physical | |||
| Morgan Stanley & Co. International plc | Equity Call Options | 18/12/2026 At any time | 283,100 | 0.27% | physical | ||
| Morgan Stanley & Co. International plc | Equity Put Options | 19/09/2025 At any time | 208,800 | 0.20% | physical | ||
| Morgan Stanley & Co. International pic Equity Put Options | 19/12/2025 At any time | 64,900 | 0.06% | physical | |||
| Morgan Stanley & Co. International plc | Equity Put Options | 19/06/2026 At any time | 733,400 | 0.69% | physical | ||
| Morgan Stanley & Co. International plc | Equity Put Options | 18/12/2026 At any time | 676,800 | 0.64% | physical | ||
| Morgan Stanley & Co. International plc | Equity Swap | 27/11/2025 At any time | 120,848 | 0.11% | cash | ||
| Morgan Stanley & Co. LLC | Right of recall over securities lending agreements | At any time | At any time | 451,053 | 0.43% | physical | |
| Morgan Stanley & Co. International plc Right of recall over securities lending agreements | At any time | At any time | 111,501 | 0.11% | physical | ||
| Prime Dealer Services Corp. | Right of recall over securities lending agreements | At any time | At any time | 462,381 | 0.44% | physical | |
| Morgan Stanley & Co. International plc | Retail Structured Product - Note | 02/07/2035 At any time | 5,345 | 0.01% | cash | ||
| Morgan Stanley & Co. International plc | Retail Structured Product - Note | 16/07/2035 At any time | 14,392 | 0.01% | cash | ||
| Morgan Stanley & Co. International pic Retail Structured Product - Note | 01/10/2035 At any time | 2,358 | 0.00% | cash | + | ||
| 3.16% TOTAL 3,350,978 |
|||||||
| The totals will be updated once you have clicked on |
| TOTAL (A & B) | # of voting rights % of voting rights | |||
|---|---|---|---|---|
| CALCULATE | 3,361,310 | 3.17% |
Transparency notifications and the full chain of controlled undertakings through which the holding is effectively held are available on the Investor Relations Section of Solvay's website.

Peter Boelaert +32 479 30 91 59
Laetitia Van Minnenbruggen +32 484 65 30 47
Boris Cambon-Lalanne +32 471 55 37 49
Geoffroy d'Oultremont +32 478 88 32 96
Vincent Toussaint +33 6 74 87 85 65
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 circa 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 €4.7 billion in net sales in 2024, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit solvay.com or follow Solvay on Linkedin.
Ce communiqué de presse est également disponible en français. Dit persbericht is ook in het Nederlands beschikbaar.
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