Solvay's Remarkable Share Buyback Program Overview
Understanding Solvay's Share Buyback Initiative
Solvay SA has embarked on a noteworthy journey with its Share Buyback Program, announced on August 1, 2024. The program aims to strengthen the company's market position and provide value to its shareholders. This strategic move reflects Solvay's commitment to optimizing its capital structure while enhancing shareholder trust.
Recent Share Repurchase Activity
In line with the program, Solvay successfully repurchased 36,500 shares between September 2 and September 6, 2024. This initiative represents a focused effort to manage the company's equity and maintain a strong financial framework.
Details of Share Purchases
During the purchase period, Solvay made the following repurchases:
- Date: September 2, Shares: 500, Average Price: 32.011, Total: 16,005.50
- Date: September 3, Shares: 500, Average Price: 31.9496, Total: 15,974.80
- Date: September 4, Shares: 500, Average Price: 31.58, Total: 2,589.56
- Date: September 5, Shares: 168, Average Price: 31.6889, Total: 5,323.74
- Date: September 6, Shares: 1,043, Average Price: 31.5252, Total: 32,880.78
Total Shares Held by Solvay
As of September 6, 2024, Solvay has a total of 1,230,841 own shares distributed as follows:
- 927,912 shares held directly by Solvay SA
- 302,929 shares held by Solvay Stock Option Management SRL (“SSOM”), a fully owned subsidiary.
Solvay's Commitment to Stakeholders
The strategic execution of the Share Buyback Program is just one part of Solvay's overarching mission. The company aims to deliver innovative and sustainable solutions across various sectors, leveraging its expertise in chemistry.
Investing in a Sustainable Future
With a global workforce of over 9,000 employees, Solvay focuses on initiatives that ensure the well-being of communities and the environment. These efforts align with its goal to transition towards a carbon-neutral future by 2050, demonstrating its responsible stewardship of resources.
Connecting with Solvay
For further inquiries or to connect with the company, interested parties can reach out to the media and investor relations teams:
Media Relations: Peter Boelaert, +32 479 30 91 59; Laetitia Van Minnenbruggen, +32 484 65 30 47; Kimberly King, + 1 470 464 4336; Email: media.relations@solvay.com
Investor Relations: Boris Cambon-Lalanne, +32 471 55 37 49; Geoffroy d’Oultremont, +32 478 88 32 96; Vincent Toussaint, +33 6 74 87 85 65; Email: investor.relations@solvay.com
Frequently Asked Questions
What is Solvay's Share Buyback Program?
Solvay's Share Buyback Program is an initiative aimed at repurchasing its own shares to optimize its capital structure and enhance shareholder value.
How many shares were repurchased recently by Solvay?
Recently, Solvay repurchased a total of 36,500 shares during the period of September 2 to September 6, 2024.
What is the purpose of Solvay’s share repurchase?
The share repurchase is intended to strengthen the company's stock and demonstrate commitment to enhancing shareholder trust and value.
Who can I contact for investor relations at Solvay?
You can contact Boris Cambon-Lalanne at +32 471 55 37 49 or email him at investor.relations@solvay.com.
What are Solvay’s broader sustainability goals?
Solvay aims for a transition to a carbon-neutral future by 2050, reflecting its commitment to innovative and sustainable solutions impacting environmental and social well-being.
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