Recent Transparency Notifications from Umicore: A Closer Look

Recent Transparency Notifications from Umicore

Umicore has made headlines recently due to important transparency notifications received from prominent investors, including Millennium International Management LP and Bank of America Corp. These notifications are part of compliance with national laws regarding the disclosure of significant holdings and aim to keep the market informed about the dynamics of share ownership.

Millennium International Management's Notification

According to the notification received from Millennium International Management LP, the firm has crossed the statutory threshold of 3% for equivalent financial instruments. This change was reported to have occurred recently, indicating an upward movement in their direct voting rights holding. Their current stake is noted to be 3.21%, which demonstrates their increasing commitment to Umicore's future.

Details from Millennium International Management LP

The key points regarding their notification include:

• Date of crossing the threshold: Recent.
• Current holdings of direct voting rights: 0.00%
• Holdings of equivalent financial instruments: 3.21%
• Total percentage after the transaction: 3.21%
• Date of notification: The notification was received soon after the threshold was crossed.
• Denominator: 246,400,000.
• Reason for notice: Acquisition or disposition of voting securities or voting rights.

Bank of America Corp.'s Update

In a similar vein, Bank of America Corp. reported a significant shift in its holdings related to Umicore. The firm has now dropped below the threshold of 5% for direct voting rights. This shift is essential as it indicates a strategic repositioning within their investment portfolio concerning Umicore.

Information from Bank of America Corp.

Here's a summarization of the critical aspects related to this notification:

• Date of threshold crossing: Recent.
• Date of notification: Soon after the change was detected.
• Current holding of direct voting rights: 2.97%
• Holdings of equivalent financial instruments: 1.04%
• Total percentage following the transaction: 4.01%
• Denominator: 246,400,000.
• Reason for notice: Alteration in stakes concerning voting securities.

Understanding the Impact of These Changes

The changes in shareholding by these two firms signify a major shift in the investor landscape surrounding Umicore, reflecting the dynamic nature of capital markets. These updates could influence market perception and investor confidence in Umicore’s strategy moving forward, especially as it pertains to sustainability and clean technology initiatives.

About Umicore

Umicore is recognized as a leader in circular materials technology, focusing on several vital sectors such as Battery Materials, Catalysis, Recycling, and Specialty Materials. The company is committed to innovation in materials science, chemistry, and metallurgy. With a workforce of approximately 12,000 employees, Umicore generated significant revenues in the recent half-year period, underscoring its pivotal role in advancing sustainable resource management and clean mobility.

Frequently Asked Questions

What are transparency notifications?

Transparency notifications are formal alerts that companies must submit to disclose substantial changes in ownership or shareholding levels, ensuring market integrity and investor awareness.

Why did Millennium International Management LP notify Umicore?

They reported crossing the 3% threshold of voting rights, influencing their stake in Umicore and demonstrating increased investment interest.

What changes did Bank of America Corp. report?

Bank of America reported a decrease in its holdings, falling below the 5% threshold for direct voting rights, indicating a strategic adjustment.

How does Umicore contribute to sustainability?

Umicore focuses on clean mobility materials and recycling, striving to create sustainable solutions that enhance quality of life while minimizing environmental impact.

Who to contact for more information on Umicore?

You can connect with Umicore's Investor Relations through their dedicated representatives for detailed inquiries and insights.

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