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Solvay SA — Director's Dealing 2017
Sep 7, 2017
4005_mrq_2017-09-07_62843fcd-3277-4ece-bada-bd58b377ce84.pdf
Director's Dealing
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PARTICIPATION NOTIFICATION BY SOLVAC SA
Brussels, Thursday September 7, 2017, 8h00 --- According to the Belgian transparency legislation in force (Law of May 2, 2007), SOLVAC SA, located at Rue des Champs Elysées 43 – 1050 Brussels – Belgium, has notified Solvay SA that
On august 29, SSOM crossed upwards the statutory declaration threshold of 3% of the existing voting rights emitted by Solvay SA, whereby the combined holding by Solvac and SSOM reached 33.72% of the existing voting rights.
SOLVAC SA is presumed to exercise de facto control over Solvay SA, and therefore SSOM, on the basis of Article 5, §3, 2nd paragraph of the Belgian companies code.
The declaration by SOLVAC SA is published in the Investor Relations Section of Solvay's website.
Notification received on September 4, 2017
- Reason for the notification: Acquisition of voting securities or voting rights
- Notified by: SOLVAC SA (Rue de Champs Elysées 43 1050 Brussel Belgium)
- Persons subject to the notification requirement:
| Name | Address (for legal entities) |
|---|---|
| SOLVAC SA | Rue de Champs Elysées 43 – 1050 Brussels – Belgium |
| SOLVAY SA | Rue de Ransbeek 310 – 1120 Neder-Over-Heembeek – Belgium |
| SOLVAY CHEMICALS INTERNATIONAL SA | Rue de Ransbeek 310 – 1120 Neder-Over-Heembeek – Belgium |
| SOLVAY STOCK OPTION MANAGEMENT SPRL | Rue de Ransbeek 310 – 1120 Neder-Over-Heembeek – Belgium |
- Date on which the threshold is crossed: August 29, 2017
- Threshold crossed: 3% upward (lowest declaration threshold)
- Denominator: 105,876,416
- Notification details: The voting rights and equivalent financial instruments total 35,689,755 voting rights or 33.72%.
| 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 |
|
| SOLVAC SA | 32,511,125 | 32,511,125 | 30.71% | ||
| SOLVAY SA | 0 | 0 | 0.00% | ||
| SOLVAY CHEMICALS INTERNATIONAL SA | 0 | 0 | 0.00% | ||
| SOLVAY STOCK OPTION MANAGEMENT SPRL | 2,523,756 | 2,498,576 | 2.36% | ||
| Subtotal | 35,009,701 | 0 | 33.07% | 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 | ||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 16/03/2020 | 150,000 | 0.14% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 24/03/2021 | 106,400 | 0.10% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 23/02/2022 | 95,760 | 0.09% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 24/02/2023 | 87,214 | 0.08% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 23/02/2024 | 190,500 | 0.18% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 21/02/2025 | 20,000 | 0.02% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 21/02/2025 | 20,000 | 0.02% | Physical | |||
| SOLVAY STOCK OPTION MANAGEMENT SPRL |
Call option | 24/02/2025 | 20,000 | 0.02% | Physical | |||
| Subtotal | 689,874 | 0.65% |
Chain of control
Solvay Stock Option Management SPRL is owned by Solvay Chemicals International SA (99.99%) and by Solvay Participations Belgique SA, which are themselves owned by Solvay SA (99.99%) and Financière Solvay SA.
Solvac SA is presumed to exercise de facto control over Solvay SA on the basis of Article 5, §3, 2nd paragraph of the Belgian companies code.
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Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world's top 3 leaders. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.
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