BlackRock, Inc. Announces Key Shareholding in Umicore
Transparency Notification by BlackRock, Inc.
In a notable announcement, BlackRock, Inc. has informed Umicore about a significant update regarding its shareholding. This notification falls under the legal framework established by the law pertaining to the disclosure of major holdings.
Details of the Shareholding Adjustment
BlackRock recently crossed the legal threshold of 3% for direct voting rights on a specific date. Their holdings total 4.46%, reflecting a shift in percentages that could impact their influence within Umicore.
Key Information from BlackRock's Notification
- Date of notification: 12 June
- Crossed threshold date: 11 June
- Direct voting rights after transaction: 3.00%
- Equivalent financial instruments: 1.46%
- Total holdings: 4.46%
Understanding the Shareholding Details
The notification elaborates on several aspects including that BlackRock's lower crossing of the threshold signifies a strategic move in managing their investments. Understanding these changes can offer insights into Umicore's market position and governance structure.
Overview of Umicore
Umicore stands out as a global leader in advanced materials and recycling. Their vast experience in materials science and metallurgy enables them to transform essential metals into technologies that enrich daily life. Their commitment to sustainability is reflected in their unique circular business model, which promotes the continuous recycling and refining of critical elements.
Umicore's Business Groups
The company operates through four main business sectors: Catalysis, Recycling, Specialty Materials, and Battery Materials Solutions. Each area is designed to address the increasing demand for raw materials while fostering clean technology innovations.
Focus on Clean Mobility and Sustainability
At its core, Umicore is dedicated to creating sustainable value. Their research and development primarily focus on clean mobility and recycling solutions, which are crucial for a better future. Currently, Umicore boasts a workforce of over 11,500 employees and serves a vast global clientele. In recent estimates, their revenue reached around €3.5 billion, illustrating their robust market presence.
Frequently Asked Questions
What does BlackRock’s notification entail?
It signals a reduction in their direct voting rights below 3%, marking a significant adjustment in their shareholding.
How does this affect Umicore?
This could influence Umicore's governance as it reflects a shift in investor confidence and engagement.
What are Umicore's main business sectors?
Umicore operates in Catalysis, Recycling, Specialty Materials, and Battery Materials Solutions.
Why is sustainability important for Umicore?
Sustainability underpins Umicore's business strategy, driving innovation in clean technologies through recycled materials.
How can I contact Umicore’s Investor Relations?
For inquiries, connect with Caroline Kerremans at +32 2 227 72 21 or Eva Behaeghe at +32 2 227 70 68.
About The Author
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