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Umicore
Major Shareholding Notification • Dec 3, 2025
4018_mrq_2025-12-03_ac55a6c0-9153-47ea-995e-e6bd085963a5.pdf
Major Shareholding Notification
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Press release
Regulated information December 3rd 2025 - 18:30 CET
Transparency notification by Bank of America Corporation
In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified by Bank of America Corporation that its subsidiary Merril Lynch International has crossed the legal threshold of 3% for the direct voting rights and equivalent financial instruments upwards on 26 November 2025.
The total holding of direct voting rights and equivalent financial instruments of Bank of America Corporation stands at 3.90% on 26 November 2025.
Summary of the move by Merril Lynch International, a subsidiary of Bank of America Corporation:
| Date on which the threshold was crossed | I Date of notification | Equivalent financial instruments after the transaction | Total | ||
|---|---|---|---|---|---|
| 26 November 2025 | 28 November 2025 | 0.05% | 2.99% | 3.04% |
Notification from Bank of America Corporation:
The notification contains the following information:
- Date of notification: 28 November 2025
- Date on which the threshold is crossed: 26 November 2025
- Threshold of direct voting rights and equivalent financial instruments crossed upwards by Merril Lynch International: 3%
- Notification by: Bank of America Corporation
- Denominator: 246,400,000
- Reason for notification: Acquisition or disposal of voting securities or voting rights
| 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 |
|
| Bank of America Corporation | 0 | 0 | 0.00% | ||
| Bank of America, NA | 0 | 0 | 0.00% | ||
| BofA Securities, Inc. | 0 | 0 | 0.00% | ||
| Merrill Lynch, Pierce, Fenner & Smith Inc |
12 | 12 | 0.00% | ||
| Merrill Lynch International | 758,609 | 123,993 | 0.05% | ||
| Subtotal | 758,621 | 124,005 | 0.05% | ||
| TOTAL | 124,005 | 0 | 0.05% | 0.00% |
| B) Equivalent financial instruments | After t | he 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 |
| Merrill Lynch International | Right to Recall | 86,313 | 0.04% | physical | ||
| Merrill Lynch International | Right of Use | 67,018 | 0.03% | physical | ||
| BofA Securities, Inc. | Right of Use | 70,013 | 0.03% | physical | ||
| Bank of America, NA | Swap | 15/10/2027 | 138,694 | 0.06% | cash | |
| Bank of America, NA | Swap | 01/12/2025 | 914,000 | 0.37% | cash | |
| Bank of America, NA | Swap | 15/12/2027 | 89,626 | 0.04% | cash | |
| Bank of America, NA | Swap | 26/05/2026 | 898,000 | 0.36% | cash | |
| Merrill Lynch International | Swap | 16/02/2026 | 600,000 | 0.24% | cash | |
| Merrill Lynch International | Swap | 07/12/2026 | 8,227 | 0.00% | cash | |
| Merrill Lynch International | Swap | 30/09/2026 | 2,095 | 0.00% | cash | |
| Merrill Lynch International | Swap | 28/02/2028 | 3,152 | 0.00% | cash | |
| Merrill Lynch International | Swap | 25/06/2027 | 8,347 | 0.00% | cash | |
| Merrill Lynch International | Swap | 16/04/2027 | 436,538 | 0.18% | cash | |
| Merrill Lynch International | Swap | 12/02/2026 | 495,793 | 0.20% | cash | |
| Merrill Lynch International | Swap | 22/01/2026 | 393,000 | 0.16% | cash | |
| Merrill Lynch International | Swap | 11/12/2025 | 1,959,295 | 0.80% | cash | |
| Merrill Lynch International | Swap | 01/12/2025 | 914,000 | 0.37% | cash | |
| Merrill Lynch International | Swap | 30/04/2026 | 3,945 | 0.00% | cash | |
| Merrill Lynch International | Swap | 29/05/2026 | 10,719 | 0.00% | cash | |
| Merrill Lynch International | Swap | 30/01/2026 | 23,124 | 0.01% | cash | |
| Merrill Lynch International | Swap | 06/01/2026 | 537,789 | 0.22% | cash | |
| Merrill Lynch International | Swap | 09/01/2026 | 622,211 | 0.25% | cash | |
| Merrill Lynch International | Swap | 15/12/2025 | 299,000 | 0.12% | cash | |
| Merrill Lynch International | Swap | 26/05/2026 | 898,000 | 0.36% | cash | |
| TOTAL | 9,478,899 | 3.85% |
| 1 | FOTAL (A & B) | # of voting rights | % of voting rights | |
|---|---|---|---|---|
| CALCULATE | 9,602,904 | 3.90% |
The chain of control has been described at the end of the notification and can be found here.
For more information
Investor Relations
Caroline Kerremans +32 2 227 72 21 [email protected]
About Umicore
Umicore is a global advanced materials and recycling Group. Leveraging decades of expertise in materials science, metallurgy, chemistry, and metals management, Umicore transforms precious and critical metals into functional technologies that enable everyday applications. Its unique circular business model ensures that these critical elements are continuously refined and recycled, to be reintegrated in new applications.
Umicore's four Business Groups – Catalysis, Recycling, Specialty Materials and Battery Materials Solutions – offer materials and solutions addressing resource scarcity and the growing need for functional materials for clean technologies, clean mobility and a connected world. Through tailored and cutting-edge products and processes they drive innovation and sustainability.
Umicore generates the majority of its revenues from, and focuses most of its R&D efforts on, clean mobility and recycling. Its overriding goal of sustainable value creation is rooted in developing, producing and recycling materials for a better life.
Umicore's industrial, commercial and R&D activities, with more than 11,000 employees, are located across the world to best serve its global customer base. Group revenues (excluding metal) reached € 1.8 billion (turnover of € 8.7 billion) in the first half of 2025.