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Declaration of Voting Results & Voting Rights Announcements • Feb 21, 2024
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Declaration of Voting Results & Voting Rights Announcements
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Press release Regulated information
Participation notification by DME Advisors and DME Capital Management
Brussels, February 21, 2024, 08:30 CET
In line with Belgian transparency legislation (Law of May 2, 2007), DME Advisors and DME Capital Management recently sent to Solvay the following transparency notifications indicating that they crossed the threshold of 3%. Here is a summary of the moves:
| Date on which the threshold was crossed |
Date on which Solvay received the notification |
DME Advisors LP | DME Capital Management LP |
Total |
|---|---|---|---|---|
| January 8, 2024 | February 16, 2024 | 2.88% | 0.12% | 3.01% |
| February 12, 2024 | February 19, 2024 | 3.00% | 0.12% | 3.12% |
The most recent notification, dated February 19, 2024, contains the following information:
- Reason for the notification: acquisition or disposal of voting securities or voting rights
- Notified by: A parent undertaking or a controlling person
- Date on which the threshold is crossed: February 12, 2024
- Threshold of direct voting rights crossed: 3% upwards
- Denominator: 105,876,416
- Full chain of controlled undertakings through which the holding is effectively held: DME Advisors, LP and DME Capital Management, LP are controlled by DME Advisors GP, LLC. DME Advisors GP, LLC is controlled by David Einhorn.
- Additional information: DME Advisors, LP and DME Management LP are the discretionary investment managers and exercise the voting rights at their discretion in the absence of specific instructions. Please note that the percentage of 3% in section 10 of the notification displayed for DME Capital Management is due to rounding.
- Persons subject to the notification requirement:
| Name | Address (for legal entities) | ||
|---|---|---|---|
| David Einhorn | 140 East 45th Street, 24th Floor, New York, NY 10023, USA | ||
| DME Advisors GP, LLC | Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801, USA | ||
| DME Capital Management, LP | Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801, USA |
● Notified details:
| A) Voting rights | Previous notification | After the transaction | ||||
|---|---|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | ||||
| Holders of voling rights | Linked to securities | Not linked to the secunties |
Linked to securities |
Not linked to the securities |
||
| David Einhorn | 0 | 0 | 0.00% | |||
| DME Advisors, LP | 132,170 | 132,170 | 0.12% | |||
| DME Capital Management, LP | 3,052,430 | 3,175,960 | 3.00% | |||
| Subtotal | 3,184,600 Tips market |
3,308,130 | 3.12% | 10.00 | ||
| TOTAL | 3,308,130 | 0 | 3.12% | 0.00% | ||
| B) Equivalent financial instruments | After the transaction |
| 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 |
| TOTAL | 0 | 0.00% |
| TOTAL (A & B) | # of voting rights % of voting rights | |
|---|---|---|
| CARGULATE S | 3,308,130 | 3.12% |
Transparency notifications are available on the Investor Relations Section of Solvay's website.
Contacts
Peter Boelaert +32 479 30 91 59
Laetitia Van Minnenbruggen +32 484 65 30 47
Kimberly King + 1 470 464 4336
Media relations Investor relations
Boris Cambon-Lalanne +32 471 55 37 49
Geoffroy d'Oultremont +32 478 88 32 96
Vincent Toussaint +33 6 74 87 85 65
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 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. As a world-leading company with €5.6 billion in net sales in 2022 and listings on Euronext Brussels and Paris (SOLB), its unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. For more information about Solvay, please visit solvay.com or follow Solvay on Linkedin.
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