Solvay SA (0NZR.L)
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- Globe Newswire
Participation Notification by Blackrock Inc.
Brussels, 9 April 2021, 08:30 CET - According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (55 East 52nd Street, New York, NY, 10055, U.S.A.) recently sent to Solvay the following transparency notifications indicating that it crossed the threshold of 3%. Here is a summary of the moves: Date on which the threshold was crossedVoting rights after the transactionEquivalent financial instruments after the transactionTotalApril 1, 20212.98%0.15%3.13%April 6, 20213.03%0.15%3.18%April 7, 20212.93%0.15%3.08% The latest notification, dated April 8, 2020, contains the following information: Reason for the notification: acquisition or disposal of voting securities or voting rightsNotified by: BlackRock Inc. (55 East 52nd Street, New York, NY, 10055, U.S.A.)Date on which the threshold is crossed: April 7, 2020Threshold of direct voting rights crossed: 3% downwardsDenominator: 105,876,416Additional information: The disclosure obligation arose due to total holdings for BlackRock, Inc. going below 3%. Transparency notifications and the full chain of controlled undertakings through which the holding is effectively held is available on the Investor Relations Section of Solvay's website. Attachments Press release in pdf format Solvay_2021-04-07_Issuer_signed (2)
- Globe Newswire
Solvay invites shareholders to the 2021 Annual General Meeting
Brussels, April 9, 2021, 8.30 a.m. CEST - Solvay today announced that it has published materials for the next General Shareholders' Meeting, which will be held on Tuesday May 11, 2021 in Brussels, at 10.30 a.m. CEST. All documents relating to this meeting are now available on www.solvay.com. In view of the exceptional situation related to the coronavirus, the Solvay General Shareholders’ Meeting will take place virtually. The Company has taken all necessary steps to enable shareholder interactions and questions at the meeting and has provided registration and participation information (see below). The company will continue to closely monitor the situation and will inform shareholders in due course, by means of a press release and on the company's website of any developments regarding the Shareholders’ meeting. Agenda’s main topics submitted to shareholders’ approval Shareholders will be asked to vote on a number of resolutions. They include the approval of the financial statements for the financial year 2020, the compensation report and the discharge to be given to the Directors and the auditors. The Board will also propose to approve a total gross dividend of €3.75 per share. Solvay continues to execute on its value-enhancing G.R.O.W. strategy to drive consistent, profitable growth and increased earnings power. As the Covid-19 crisis unfolded, the Group quickly adapted priorities to accelerate cost savings and cash delivery, generating a record level of free cash flow and €332 million of cost savings in 2020. Further, Solvay made significant progress towards its One Planet sustainability targets. This performance reflects the decisive nature of the Group’s response and the resilience and sustainability of its operating model. As a result, the Board proposes to distribute a stable dividend compared to 2019. Solvay is also nominating, for shareholder approval, two new director nominees, Dr. Wolfgang Colberg and Edouard Janssen, to replace Amparo Moraleda and Evelyn du Monceau, whose mandates come to an end in May 2021. Dr. Wolfgang Colberg, who is 61 and of German nationality, is currently Chairman of the Board of ChemicaInvest and Industrial Partner at Deutsche Invest Capital Partners. He is a Board member of Thyssenkrupp, Pernod Ricard and Burelle. Dr. Colberg started his career at the Bosch group, where he held various leadership positions in Europe and Central Asia. He was then Chief Financial Officer at BSH, before being Chief Financial Officer of Evonik Industries AG between 2009 and 2013. He was then an Industrial Partner of CVC Capital Partners between 2013 and 2019. Dr. Wolfgang Colberg holds a PhD in Business administration. Dr. Colberg will serve as independent Director on the Board of Solvay. Mr. Edouard Janssen, who is 42 and of Belgian nationality, is currently an Advisory Board member of the INSEAD Hoffmann Institute. Prior to this, Mr. Janssen spent most of his career within Solvay (until February 2021), holding various leadership positions in Europe and the Americas, including Vice‐President Strategy and M&A Manager, Finance Director of Solvin (a joint-venture between Solvay and BASF active in ChloroVinyls in Europe and in Russia) and Vice‐President & General Manager of the Aroma Global Business Unit for North and Latin Americas. Mr. Janssen holds an MBA at INSEAD. Nicolas Boël, Chairman of Solvay’s Board of Directors commented: “On behalf of the Board of Directors, I would like to thank Ms. Evelyn du Monceau and Ms. Amparo Moraleda for their significant contributions. We are pleased to propose Dr. Wolfgang Colberg and Mr. Edouard Janssen for appointment, confident that their experiences will further enhance the Board’s effectiveness at the service of Solvay ’s continued future development.” Meeting information The meeting will be broadcast via a live webcast, accessible to all shareholders via the Lumi AGM+ platform. Shareholders are invited to either vote by proxy before the meeting or electronically during the meeting. Although the webcast enables live interaction, shareholders are strongly encouraged to submit their questions in writing prior to the meeting, so that answers provided at the meetings can be as comprehensive and accurate as possible. All questions can be addressed to ag.solvay@solvay.com. Visit the Shareholders’ Meeting dedicated page for more details regarding the agenda, the admission conditions and voting methods. Attachment Solvay AGM 2021_ENG
- Globe Newswire
Solvay releases Integrated Report and Annual Report
In 2020, Solvay overcame headwinds to deliver strong financial performance, as well as significant progress on sustainability goals. Brussels, April 2, 2021, 8:30 CEST - Solvay today released its Integrated Report and Annual Report. The fully digital Integrated Report provides a comprehensive and integrated view of Solvay’s economic, environmental, and social performance for 2020. The Annual Report offers a detailed view of Solvay’s governance practices, risk management, business review, economic, environmental, social and financial performance for 2020. Although the year 2020 came with substantial challenges, each of them showcased the breadth and depth of Solvay’s strengths. As a leader in providing solutions to some of the world’s most pressing needs, in 2020 we were able to supply numerous products to help manage the pandemic. We were also able to continue to address increasing needs to: Conserve scarce resources;Ramp up hyper-connectivity;Support mobility;Prioritize clean sources of energy;Make healthcare and sanitization solutions more accessible;Enable more efficient, cleaner product manufacturing; andIncrease agricultural yields. Solvay accomplished all this while moving toward a low-carbon and more inclusive global economy. Sustainability is integrated in all our key strategic decisions, including research and innovation, capital expenditure, M&A activities and investment decisions. The 2020 Annual Report documents this convergence, and should be read in complement of the 2020 Integrated Report. Here are just a few highlights from these: Financial sustainability Knowing that financial sustainability is the foundation for all other types of sustainability, we took numerous steps to enhance our financial foundation and performance, including by: Delivering seven straight quarters of strong free cash flow;Achieving cost savings of €332 million; andReducing net debt by €1.2 billion.Making exceptional contributions to our pension plan to put us on track to reduce pension cash costs by €100 million per year;Structurally improve working capital, including reducing receivable overdue levels to a low single-digit record amount. Leaders in areas of rapidly growing demand In 2020, we took numerous significant steps to align our core products, services, and competencies with the most rapidly growing markets, regulatory, policy, and scientific demands, including: Launching two virus fighting innovations, which helped prevent the spread of COVID-19;Adding a Key Accounts Program that is generating new business from our largest clients, while renewing long-term aerospace contracts;Providing advanced materials to support growing demand for hyper-connectivity;Supporting the semiconductor sector with key chemicals and materials;Supplying polymers for new generation OLED and flexible displays;Launching our Green Hydrogen Platform;Supplying key materials to the 3D printing sector and partnering with software companies to provide complete 3D printing solutions;Supplying innovative products to meet the world’s new standards for cleanliness. Positioning Solvay as a sustainable company We took numerous steps to strengthen our commitments, including: Launching Solvay ONE Planet aligned with our G.R.O.W. strategy and Purpose;Decreased structural greenhouse gas emissions by 8% since 2018, which is more than twice the annual average required by the Paris Agreement;Adding Science-Based Targets;Coal phase-out and deployment of an energy transition programme;Creating innovative products that support human health including two key antiviral products and a large number of personal protection equipment items;Supplying bio-based ingredients to the organic and natural consumables markets;Partnering with Mitsubishi to recycle more advanced materials;Initiating a battery recycling partnership with Veolia and ramping up our programs that extract and purify key battery Elements. Putting our people first We took numerous steps to recruit, retain, protect, listen to, value, and support our employees. In 2020, we: Created the Solvay Solidarity Fund to help employees adversely affected by the pandemic;Enabled remote working as the Group’s global standard;Added pulse surveys that occur every six weeks to our many employee communications programs;Strengthened talent pipeline with programs encouraging STEM-related careers and educational sessions; andSet a goal of achieving gender parity amongst our mid- and senior level managers by 2035. “I’m so proud of what our team was able to accomplish in 2020: we delivered record free cash flow, achieved significant cost savings and made great strides on our Solvay One Planet commitments,” said Solvay CEO Ilham Kadri. “2020 was the year that we brought our Purpose – to bond people, ideas and elements to reinvent progress – to life. We demonstrated that we were essential to the world and we actually capitalized on the crisis, accelerating reforms to unleash our company’s full potential. Today, I can proudly assert that we have emerged stronger.” The Integrated report includes a video highlighting how Solvay made progress on its sustainability commitments. Watch Bonding for a better planet: Our sustainability performance in 2020 Solvay’s Integrated Report is aligned with the guiding principles and content elements of Integrated Reporting, as defined by the International Integrated Reporting Council (IIRC). In November 2020, Solvay’s CEO signed a commitment with the World Economic Forum International Business Council (IBC) to pilot a new set of metrics for stakeholder capitalism aligned with the Manifesto published at Davos in 2020. Solvay today also publishes its 2020 report on payment to governments. This document is available in the Financial filings section of Solvay's website. Attachments Solvay 2020 Annual Report Solvay 2020 payments to governments PR english - Solvay releases Integrated Report and Annual Report
