Bank of America Corp. Updates on Umicore's Ownership Changes
Recent Transparency Notifications from Bank of America Corp.
Bank of America Corp. has recently made transparency notifications concerning its holdings in Umicore, aligning with regulatory expectations for the disclosure of major holdings. This communication serves to inform stakeholders about the changing landscape of voting rights associated with Umicore’s shares.
Details of the Notifications
In accordance with the legal requirements, Bank of America Corp. has officially notified about its movements concerning its stake in Umicore. As of the latest updates, Bank of America indicated it crossed the critical threshold of 3% for direct voting rights, with notifications dated accordingly to reflect these changes.
Changes in Ownership Stakes
The recent notifications reveal that Bank of America’s total holding of direct voting rights and equivalent financial instruments now stands at 2.98%. This reflects a decrease due to a series of transactions that were reported, confirming the fluctuations in their ownership interest.
Timeline of Important Dates
Specific dates provided in the notifications include a notification date of February 10, with the threshold crossing occurring on February 6 and 3, respectively. Such notifications are pivotal for maintaining transparency and trust in market operations, ensuring that all stakeholders are well-informed.
Summary of Changes
As per the details provided in the notification by Bank of America Corp., the key changes in ownership are summarized as follows:
- Notification date: February 10
- Date on which the threshold was crossed: February 6
- Previous threshold crossed upwards: 3% on February 3
- Total held: 2.98%
Reasons Behind Notifications
These adjustments in ownership were explained as part of standard trading activities including acquisitions and disposals of voting rights. This emphasizes the dynamic landscape of shareholding and investment strategies in publicly traded companies.
About Umicore and Its Operations
Umicore is known as a leading circular materials technology group focusing on various critical application areas. With a structured approach, Umicore operates through four main business groups: Battery Materials, Catalysis, Recycling, and Specialty Materials. Each segment is designed to cater to specific market needs, highlighting the company’s flexibility and innovation in technology.
Commitment to Sustainability and Growth
The company’s commitment towards sustainable development is illustrated by its robust R&D programs dedicated primarily to clean mobility materials and recycling strategies. In the first half of 2024, Umicore reported revenues (excluding metal) of €1.8 billion, establishing a strong economic foundation while pursuing growth through sustainable practices.
Investor Relations Contacts
For shareholders and interested parties seeking further information, Umicore has a dedicated team for investor relations available for inquiries:
Caroline Kerremans: +32 2 227 72 21, caroline.kerremans@umicore.com
Eva Behaeghe: +32 2 227 70 68, eva.behaeghe@umicore.com
Frequently Asked Questions
What was the recent notification by Bank of America Corp. about?
Bank of America Corp. notified about changes in their voting rights regarding their holdings in Umicore, indicating a decrease in their position.
What is the current holding of Bank of America in Umicore?
Bank of America now holds 2.98% of the direct voting rights and equivalent financial instruments in Umicore.
What are the main business segments of Umicore?
Umicore operates in four segments: Battery Materials, Catalysis, Recycling, and Specialty Materials, focusing on innovative and sustainable solutions in each area.
How has Umicore performed financially in 2024?
In the first half of 2024, Umicore generated revenues of €1.8 billion, reflecting a strong commitment to sustainable practices and innovation.
Who can I contact for investor relations at Umicore?
For investor relations inquiries, you can contact Caroline Kerremans or Eva Behaeghe, whose contact information is provided above.
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