Solvay's Share Buyback Program Updates and Company Overview
![Solvay's Share Buyback Program Updates and Company Overview](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
Solvay's Share Buyback Program Updates
In accordance with the regulatory requirements under Belgian law, Solvay SA has disclosed significant updates related to its Share Buyback Program, which was initiated in early August 2024. As part of the program, Solvay aims to repurchase shares to enhance shareholder value.
Recent Share Purchases
During the period from August 12 to August 16, 2024, Solvay successfully repurchased a total of 161,013 shares. A summary of the share purchases made during this period is as follows:
Share Repurchase Details
- Date of repurchase: August 12, 2024 - Number of shares: 884 - Average price paid: €30.74
- Date of repurchase: August 12, 2024 - Number of shares: 4,799 - Average price paid: €30.84
- Date of repurchase: August 12, 2024 - Number of shares: 2,110 - Average price paid: €30.78
- Date of repurchase: August 12, 2024 - Number of shares: 18,207 - Average price paid: €30.96
- Date of repurchase: August 13, 2024 - Number of shares: 1,095 - Average price paid: €30.73
- Date of repurchase: August 13, 2024 - Number of shares: 15,694 - Average price paid: €30.64
- Date of repurchase: August 13, 2024 - Number of shares: 4,185 - Average price paid: €30.64
- Date of repurchase: August 13, 2024 - Number of shares: 19,026 - Average price paid: €30.65
- Date of repurchase: August 14, 2024 - Number of shares: 1,433 - Average price paid: €30.24
- Date of repurchase: August 14, 2024 - Number of shares: 12,725 - Average price paid: €30.28
- Date of repurchase: August 14, 2024 - Number of shares: 4,468 - Average price paid: €30.33
- Date of repurchase: August 15, 2024 - Number of shares: 1,823 - Average price paid: €30.72
- Date of repurchase: August 15, 2024 - Number of shares: 8,424 - Average price paid: €30.67
- Date of repurchase: August 15, 2024 - Number of shares: 3,271 - Average price paid: €30.77
- Date of repurchase: August 15, 2024 - Number of shares: 13,279 - Average price paid: €30.70
- Date of repurchase: August 16, 2024 - Number of shares: 933 - Average price paid: €30.89
- Date of repurchase: August 16, 2024 - Number of shares: 5,844 - Average price paid: €30.94
- Date of repurchase: August 16, 2024 - Number of shares: 2,386 - Average price paid: €30.92
- Date of repurchase: August 16, 2024 - Number of shares: 10,837 - Average price paid: €30.95
As of August 16, 2024, Solvay holds a total of 919,833 of its own shares, which are distributed as follows:
- 616,904 shares are held directly by Solvay SA;
- 302,929 shares are held by Solvay Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of Solvay SA.
Company Overview and Commitment to Sustainability
Solvay is a pioneering chemical company, rooted in essential innovations since its inception. The company is dedicated to offering vital solutions through a diverse workforce exceeding 9,000 employees. Established in 1863, Solvay utilizes its expertise in chemistry to create innovative, sustainable products that cater to essential global needs, including air and water purification, food preservation, health protection, eco-friendly materials, and the manufacturing of sustainable tires.
With a vision focused on achieving a carbon-neutral future by 2050, Solvay underlines its commitment to sustainability and responsible transition. As a leading player in the industry, Solvay reported €4.9 billion in net sales in 2023 and is listed on Euronext Brussels and Paris under ticker SOLB.
Contact Information
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
1. What is Solvay's Share Buyback Program?
Solvay's Share Buyback Program is an initiative to repurchase its own shares, enhancing shareholder value and reflecting confidence in the company's long-term growth.
2. How many shares did Solvay repurchase recently?
Solvay repurchased 161,013 shares from August 12 to August 16, 2024, in line with its Share Buyback Program.
3. What is Solvay's goal for sustainability?
Solvay aims to achieve a carbon-neutral future by 2050, focusing on sustainability and socially responsible practices in its operations.
4. What are the main sectors Solvay operates in?
Solvay operates in various sectors, providing solutions for air and water purification, food preservation, health protection, and producing sustainable materials and chemicals.
5. How can investors contact Solvay for more information?
Investors can contact Solvay through their Investor Relations team, which is available via phone or email for inquiries regarding the company's performance and strategies.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/