Recent Changes in Shareholding Notifications at Umicore
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Understanding Recent Shareholding Notifications at Umicore
Umicore, a leader in materials technology, has recently been notified of significant changes in shareholding by two major financial institutions: BlackRock, Inc. and Bank of America Corp. These notifications are essential to maintaining transparency and provide valuable insights into how ownership stakes influence corporate governance and business strategies.
BlackRock, Inc.'s Notification
BlackRock, Inc. has officially informed Umicore that it has crossed the regulatory threshold for direct voting rights and equivalent financial instruments. The legal threshold of 5% for direct voting rights was crossed downwards on a recent date, and as per the notification dated September 2, 2024, BlackRock currently holds 3.53% of Umicore's voting rights.
Details of the Notification
Key information from the notification by BlackRock includes:
- Date of notification: September 2, 2024
- Date on which the threshold was crossed: August 30, 2024
- Threshold of voting rights crossed downwards: 5%
- Threshold of voting rights: 3%
- Denominator: 246,400,000
- Reason for notification: Acquisition or disposal of voting securities or voting rights
Bank of America Corp.'s Notification
Similarly, Bank of America Corp. has reported a change in its holding of voting rights in Umicore. The notification received on September 4, 2024, reveals that Bank of America has crossed upward the legal threshold of 5% for direct voting rights.
Details of the Notification
The important details from the notification by Bank of America are as follows:
- Date of notification: September 4, 2024
- Date on which the threshold was crossed: August 30, 2024
- Threshold of voting rights crossed upwards: 5%
- Current voting rights after the transaction: 5.41%
- Denominator: 246,400,000
- Reason for notification: Acquisition or disposal of voting securities or voting rights
Implications for Umicore
These notifications reflect the dynamic nature of shareholding and its impacts on corporate governance. Actions taken by BlackRock and Bank of America not only affect their own portfolios but can also influence Umicore's strategic decisions and market performance moving forward. The company remains committed to transparency in its communication, ensuring that stakeholders are well-informed of any significant changes in shareholding.
About Umicore
Umicore is a pioneering materials technology group with a strong focus on sustainability. Its operations are organized into four primary business groups: Battery Materials, Catalysis, Recycling, and Specialty Materials. These divisions are tailored to meet market demands with innovative solutions tied closely to technological advancements.
The group's commitment to clean mobility materials and recycling underpins its business model, emphasizing sustainable value creation. In the first half of 2024, Umicore reported revenues of €1.8 billion, highlighting its robust financial health.
With a global workforce of approximately 12,000 employees, Umicore is structured to effectively support its worldwide customer base.
Frequently Asked Questions
What are the recent changes in Umicore's shareholding?
Umicore received notifications from BlackRock and Bank of America about their respective changes in voting rights throughout recent months.
What is the significance of these notifications?
The notifications indicate changes in influence over Umicore's corporate governance and can affect the company's market strategy.
How much of Umicore's stock does BlackRock hold now?
BlackRock now holds 3.53% of Umicore's voting rights following their recent notification.
What are Bank of America’s current holdings in Umicore?
Bank of America currently holds 5.41% of direct voting rights in Umicore after their latest notification.
What does Umicore specialize in?
Umicore focuses on circular materials technology across multiple sectors, including battery materials and recycling, emphasizing sustainability.
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