Updates on Solvay's Share Buyback Program
In compliance with Belgian regulatory requirements, Solvay SA has shared important updates regarding its Share Buyback Program that began in early August 2024. This initiative aims to repurchase shares to boost shareholder value.
Recent Share Acquisitions
From August 12 to August 16, 2024, Solvay successfully acquired a total of 161,013 shares. Below is a detailed summary of the share purchases made during this timeframe:
Details of Share Repurchases
- 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 has a total of 919,833 shares in its possession, distributed as follows:
- 616,904 shares are directly owned by Solvay SA;
- 302,929 shares are held by Solvay Stock Option Management SRL (“SSOM”), a fully owned indirect subsidiary of Solvay SA.
Company Overview and Commitment to Sustainability
Solvay is a forward-thinking chemical company that has been at the forefront of essential innovations since its founding. With a dedicated workforce of over 9,000 employees, the company is committed to providing critical solutions. Established in 1863, Solvay leverages its chemistry expertise to develop innovative and sustainable products that address vital global needs, such as air and water purification, food preservation, health protection, eco-friendly materials, and the production of sustainable tires.
With a vision aimed at achieving a carbon-neutral future by 2050, Solvay emphasizes its dedication to sustainability and responsible transition. As a prominent industry player, Solvay reported net sales of €4.9 billion in 2023 and is listed on Euronext Brussels and Paris under the 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 a strategic initiative aimed at repurchasing its own shares to enhance shareholder value and demonstrate confidence in the company's long-term prospects.
2. How many shares did Solvay repurchase recently?
Recently, Solvay repurchased a total of 161,013 shares between August 12 and August 16, 2024, as part of its Share Buyback Program.
3. What is Solvay's goal for sustainability?
Solvay is committed to achieving a carbon-neutral future by 2050, emphasizing sustainability and socially responsible practices across its operations.
4. What sectors does Solvay operate in?
Solvay operates in multiple sectors, providing solutions for air and water purification, food preservation, health protection, and the production of sustainable materials and chemicals.
5. How can investors contact Solvay for more information?
Investors can reach out to Solvay's Investor Relations team, which is available via phone or email to address inquiries regarding the company's performance and strategic direction.
