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Solvay SA Major Shareholding Notification 2024
4005_mrq_2024-03-20_f5c74ffe-ba25-472d-8963-16c5eb77a822.pdf
Major Shareholding Notification
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Press release Regulated information
Participation notification by DME Advisors and DME Capital Management
Brussels, March 20, 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 notification indicating that they crossed the threshold of 5%.
The notification, dated March 15, 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: March 8, 2024
- Threshold of direct voting rights crossed: 5% 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.
- 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 | ||
| DME Advisors, 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 voting rights | Linked to securities | Not linked to the securities |
Linked to securities |
Not linked to the securities |
|||
| David Einhorn | 0 | 0 | 0.00% | ||||
| DME Advisors, LP | 132,170 | 673,120 | 0.64% | ||||
| DME Capital Management, LP | 3,175,960 | 4,840,480 | 4.57% | ||||
| Sublotal Sublotal Sublic Sublic College Collection Collection Comments Comments of | 00:50 Web Nig 5.513.600 200 |
S STATE STATES AND STATES FOR A | 5.21% |
||||
| TOTAL | 5,513,600 | 0 | 5.21% | 0.00% |
| 8) 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 |
| "CC" "I" h l | C | 0 0001 |
| TOTAL (A & B) | # of voting rights % of voting rights | |
|---|---|---|
| CALCULATE Comments of the country of the Reach |
5,513,600 | 5.21% |
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. 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.
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