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Solvay SA — Major Shareholding Notification 2026
Feb 12, 2026
4005_rns_2026-02-12_2bc49645-29ad-4bdd-aae3-30ccaf4b7c14.pdf
Major Shareholding Notification
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Transparency notification Form TR-1 BE PART I
| 1) | Status | of | the | notifi | catio | on |
|---|---|---|---|---|---|---|
Final
2) Issuer
Name SOLVAY
Identification number 0403-091-220
3) Reason for the notification
Acquisition or disposal of voting securities or voting rights
4) Notification by
A parent undertaking or a controlling person
5) Persons subject to the notification requirement
| Name | Address (for legal entities) |
|---|---|
| The Goldman Sachs Group, Inc | Corporation Truse Center, 1209 Orange Street, Wilmimgton, DE 19801, USA |
6) Persons that dispose of voting rights (only to be filled in if art. 7 of the Law applies)
| Name | Address (for legal entities) |
|---|---|
Please continue entering the information in part II concerning the persons referred to in Sections 5 and 6
Part II
7) Date on which the threshold is crossed
28/01/2026 (DD/MM/YYYY)
8) Threshold that is crossed (in %)
If the holding has fallen below the lowest threshold, you have the option of not entering any numbers in Section 10
9) Denominator
105,876,416
Please enter the denominator before filling in the data
10) Notified details
| A) Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # of voting rights | # of voti | ng rights | % of vot | ing rights | |
| Holders of voting rights | Linked to securities | Not linked to the securities | Linked to securities | Not linked to the securities |
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| The Goldman Sachs Group, Inc. | 0 | 0 | 0.00% | ||
|---|---|---|---|---|---|
| Goldman Sachs & Co. LLC | 0 | 11,394 | 0.01% | ||
| Goldman Sachs International | 0 | 159,241 | 0.15% | ||
| Goldman Sachs Asset Management, L.P. | 27,905 | 26,717 | 0.03% | ||
| Goldman Sachs Asset Management International | 362 | 362 | 0.00% | ||
| TOTAL | 197,714 | 0 | 0.19% | 0.00% |
Start with "groups" of holders. Add subtotals with $\Sigma$ , and then finish with the persons who are "alone". For groups, start with the ultimate controlling natural person or legal entity. The totals, subtotals and % will be updated once you have clicked on <CALCULATE>.
| 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 | - |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 90 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 100 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 159 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 300 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 650 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 844 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1,000 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1,700 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 2,400 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3,200 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4,400 | 0.00% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 5,608 | 0.01% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 7,842 | 0.01% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 10,000 | 0.01% | cash | - | |
| Goldman Sachs Bank Europe SE | Call Warrant | 30/06/2037 | 4,550,000 | 4.30% | cash | - | |
| Goldman Sachs Finance Corp International Ltd |
Swap | 14/04/2037 | 46,733 | 0.04% | cash | - | |
| Goldman Sachs Finance Corp International Ltd |
Swap | 30/04/2035 | 200,848 | 0.19% | cash | - | |
| Goldman Sachs Finance Corp International Ltd |
Swap | 25/09/2034 | 152,600 | 0.14% | cash | - | |
| Goldman Sachs Finance Corp International Ltd |
Swap | 27/09/2034 | 18,067 | 0.02% | cash | - | |
| Goldman Sachs Finance Corp International Ltd |
Swap | 10/04/2035 | 94,237 | 0.09% | cash | - | |
| Goldman Sachs Finance Corp International Ltd |
Swap | 22/09/2031 | 14,348 | 0.01% | cash | - | |
| Goldman Sachs International | Swap | 14/07/2037 | 24,163 | 0.02% | cash | - | |
| Goldman Sachs International | Swap | 11/01/2027 | 21,578 | 0.02% | cash | - | |
| Goldman Sachs International | Swap | 26/11/2035 | 157,782 | 0.15% | cash | - | |
| Goldman Sachs International | Swap | 04/12/2028 | 115,722 | 0.11% | cash | - | |
| Goldman Sachs International | Swap | 17/08/2026 | 1,128 | 0.00% | cash | - | |
| Goldman Sachs International | Swap | 05/12/2030 | 3,416 | 0.00% | cash | - | |
| Goldman Sachs International | Swap | 20/11/2028 | 39,089 | 0.04% | cash | - | |
| Goldman Sachs International | Swap | 30/10/2035 | 106,933 | 0.10% | cash | - | |
| Goldman Sachs International | Swap | 05/09/2028 | 25,525 | 0.02% | cash | - | |
| Goldman Sachs International | Swap | 14/07/2037 | 4,833 | 0.00% | cash | - |
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| Goldman Sachs International | Swap | 17/08/2026 | 6,388 | 0.01% | cash | - |
|---|---|---|---|---|---|---|
| Goldman Sachs International | Swap | 16/01/2029 | 222,314 | 0.21% | cash | - |
| Goldman Sachs International | Swap | 17/08/2026 | 1,595 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 18,122 | 0.02% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 9,665 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 4,833 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 17/08/2026 | 564 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 26/11/2035 | 369,493 | 0.35% | cash | - |
| Goldman Sachs International | Swap | 05/11/2035 | 1,409 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 13/11/2034 | 5,647 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 4,833 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 2,416 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 02/01/2029 | 2,917 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 14/01/2036 | 791 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 06/11/2035 | 16,862 | 0.02% | cash | - |
| Goldman Sachs International | Swap | 31/10/2035 | 291 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 26/11/2035 | 1,080 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 11/11/2027 | 10,886 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 3,624 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 04/09/2028 | 4,427 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 31/10/2035 | 2,260 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 14/08/2028 | 26,563 | 0.03% | cash | - |
| Goldman Sachs International | Swap | 12/11/2035 | 12,062 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 30/04/2026 | 3,313 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 21/01/2036 | 241,550 | 0.23% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 1,208 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 28/12/2026 | 381,906 | 0.36% | cash | - |
| Goldman Sachs International | Swap | 20/11/2028 | 33,225 | 0.03% | cash | - |
| Goldman Sachs International | Swap | 16/01/2031 | 892 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 22/05/2035 | 117,314 | 0.11% | cash | - |
| Goldman Sachs International | Swap | 25/02/2028 | 4,818 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 16/04/2026 | 1 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 05/01/2027 | 572 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 26/02/2027 | 187,605 | 0.18% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 3,624 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 06/06/2035 | 17,172 | 0.02% | cash | - |
| Goldman Sachs International | Swap | 14/01/2036 | 1,475 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 24/12/2035 | 10,781 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 26/11/2035 | 5,708 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 14/07/2037 | 6,041 | 0.01% | cash | - |
| Goldman Sachs International | Swap | 16/10/2035 | 176 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 14/01/2036 | 3,848 | 0.00% | cash | - |
| Goldman Sachs International | Swap | 17/08/2026 | 696 | 0.00% | cash | - |
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| Goldman Sachs International | Put Option | 18/06/2027 | 150,000 | 0.07% | physical | - |
|---|---|---|---|---|---|---|
| Goldman Sachs International | Put Option | 18/12/2026 | 75,000 | 0.14% | physical | - |
| Goldman Sachs International | Securities Lending | Open | 99,594 | 0.09% | physical | - |
| Goldman Sachs Bank Europe SE | Securities Lending | Open | 10,373 | 0.01% | physical | - |
| Goldman Sachs & Co. LLC | Securities Lending | Open | 8,872 | 0.01% | physical | + |
| TOTAL | 7,885,098 | 7.45% |
The totals will be updated once you have clicked on
| TOTAL (A & B) | # of voting rights | % of voting rights | |
|---|---|---|---|
| CALCULATE | 8,082,812 | 7.63% |
11) Full chain of controlled undertakings through which the holding is effectively held, if applicable
| Please refer to Annexure - Structured Chart | |
|---|---|
12) In case of proxy voting for only one GM
| (DD/MM/YYYY) | ||||
|---|---|---|---|---|
| Holder | will cease to hold / will hold again |
0 | voting rights as of |
13) Additional information
| With reference to the items mentioned in Section 10B: | ||||
|---|---|---|---|---|
| - "Call Warrants", "Swaps", "Call Option" and "Put Option" mentioned in rows 64 to 140- these are held by the corresponding entities where Goldman Sachs has a long exposure | ||||
| Done at Bengaluru | ||
|---|---|---|
| On | 03/02/2026 (DD/MM/YYYY) | |
| D Guru Prasad, Executive Director | Signature |
For security reasons, the unsigned form in xlsx format should be transmitted to [email protected]. You can do this manually OR if you have MS Outlook at your disposal via the "Save & Send" button.
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In addition, a signed copy in PDF format should also be transmitted.
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Chain of Controlled Undertakings:
- GOLDMAN SACHS INTERNATIONAL IS CONTROLLED BY GOLDMAN SACHS GROUP UK LIMITED WHICH IS CONTROLLED BY GOLDMAN SACHS (UK) L.L.C. WHICH IS CONTROLLED BY THE GOLDMAN SACHS GROUP, INC.
- GOLDMAN SACHS ASSET MANAGEMENT, L.P. IS CONTROLLED BY GSAM HOLDINGS LLC WHICH IS CONTROLLED BY THE GOLDMAN SACHS GROUP, INC.
- GOLDMAN SACHS ASSET MANAGEMENT INTERNATIONAL IS CONTROLLED BY GOLDMAN SACHS ASSET MANAGEMENT INTERNATIONAL HOLDINGS LTD WHICH IS CONTROLLED BY GSAMI HOLDINGS II LTD. WHICH IS CONTROLLED BY GSAMI HOLDINGS I LLC WHICH IS CONTROLLED BY GSAM HOLDINGS LLC WHICH IS CONTROLLED BY THE GOLDMAN SACHS GROUP, INC.
- GOLDMAN SACHS BANK EUROPE SE IS CONTROLLED BY GOLDMAN SACHS BANK USA WHICH IS CONTROLLED BY THE GOLDMAN SACHS GROUP, INC.
- GOLDMAN SACHS FINANCE CORP INTERNATIONAL LTD WHICH IS CONTROLLED BY GS GLOBAL MARKETS, INC. WHICH IS CONTROLLED BY THE GOLDMAN SACHS GROUP, INC.
- GOLDMAN SACHS & CO. LLC IS CONTROLLED BY THE GOLDMAN SACHS GROUP, INC.
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