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Solvay SA
Major Shareholding Notification • Nov 21, 2025
4005_mrq_2025-11-21_63362b39-46ad-4f39-ae83-d16d41cd0e3b.pdf
Major Shareholding Notification
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Press release Regulated information
Participation notifications by Morgan Stanley
Brussels, November 21, 2025, 17:45 CET
In line with Belgian transparency legislation (Law of May 2, 2007), Morgan Stanley recently sent to Solvay the following transparency notifications indicating that they crossed the threshold of 3%.
Here is a summary of the notifications:
| Date on which the threshold was crossed |
Voting rights after the transaction |
Equivalent financial instruments after the transaction |
Total | |
|---|---|---|---|---|
| November 13, 2025 | 0.56% | 2.73% | 3.29% | |
| November 14, 2025 | 0.13% | 3.17% | 3.30% |
The last notification, dated November 19, 2025, 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: November 14, 2025
- Threshold of direct voting rights crossed: 3% upwards
- Denominator: 105,876,416
- Additional information: The disclosure obligation arose due to equivalent financial instruments crossing above 3% at component level. Morgan Stanley's total holding in Solvay remains above the 3% threshold previously disclosed.
- Persons subject to the notification requirement: Morgan Stanley c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, USA
● Notified details:
| 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 | 0.00% | 0.00% |
| Morgan Stanley & Co. International plc | 591,648 | 140,251 | 0 | 0.13% | 0.00% |
| Subtotal | 591,648 | 140,251 | 0.13% | ||
| TOTAL | 140,251 | 0 | 0.13% | 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 | Retail Structured Product - Note | 27/02/2026 | At any time | 2,710 | 0.00% | cash |
| Morgan Stanley & Co. International plc | Retail Structured Product - Note | 02/07/2035 | At any time | 5,795 | 0.01% | cash |
| Morgan Stanley & Co. International plc | Retail Structured Product - Note | 01/10/2035 | At any time | 9,430 | 0.01% | cash |
| Morgan Stanley & Co. International plc | Retail Structured Product - Note | 17/08/2037 | At any time | 4,501 | 0.00% | cash |
| Morgan Stanley & Co. International pic | Retail Structured Product - Note | 02/11/2037 | At any time | 24,664 | 0.02% | cash |
| Morgan Stanley & Co. International plc | Equity Call Options | 19/12/2025 | At any time | 2,800 | 0.00% | physical |
| Morgan Stanley & Co. International plc | Equity Call Options | 19/06/2026 | At any time | 637,200 | 0.60% | physical |
| Morgan Stanley & Co. International plc | Equity Call Options | 01/10/2035 | At any time | 236 | 0.00% | cash |
| Morgan Stanley & Co. International plc | Equity Call Options | 02/11/2037 | At any time | 2,507 | 0.00% | cash |
| Morgan Stanley & Co. International plc | Equity Put Options | 19/06/2026 | At any time | 741,100 | 0.70% | physical |
| Morgan Stanley & Co. International plc | Equity Swap | 15/01/2029 | At any time | 24,985 | 0.02% | cash |
| Morgan Stanley & Co. LLC | Right of recall over securities lending agreements | At any time | At any time | 685,579 | 0.65% | physical |
| Morgan Stanley & Co. International plc | Right of recall over securities lending agreements | At any time | At any time | 643,870 | 0.61% | physical |
| Prime Dealer Services Corp. | Right of recall over securities lending agreements | At any time | At any time | 571,736 | 0.54% | physical |
| TOTAL | 3,357,113 | 3.17% |
| TOTAL (A & B) | # of voting rights | % of voting rights | ||
|---|---|---|---|---|
| CALCULATE | 3,497,364 | 3.30% |
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.
Contacts
Investor relations
Geoffroy d'Oultremont: +32 478 88 32 96 Vincent Toussaint: +33 6 74 87 85 65 Charlotte Vandevenne: +32 471 68 01 66
Media relations
Peter Boelaert: +32 479 30 91 59
Laetitia Van Minnenbruggen: +32 484 65 30 47
About Solvay
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.