Syensqo successfully launched on Euronext
Syensqo successfully launched on Euronext
The company starts its journey as one of the largest publicly
traded specialty companies in the world, focused on innovation and
growth
Brussels, December 11, 2023 - 9:30 CET
Today, Syensqo announces the successful listing
of its shares on Euronext Brussels and Euronext Paris under ticker
SYENS. After the successful completion of the spin-off from Solvay,
the listing marks a historical milestone as the company embarks on
an exciting, innovation-driven journey focused on delivering
superior growth and value creation.
Syensqo’s unique portfolio of market leading
solutions addresses environmental and social challenges, through
electrification, lightweighting, connectivity, resource efficiency,
serving a healthier quality of life for all. In addition,
Syensqo is at the heart of the transition towards a net-zero
economy, which is expected to drive new sources of value and
support the company’s long-term growth.
With more than 13,000 employees and activities
spread across the world (with 41% of FY2022 net sales in the
Americas, 36% in Asia-Pacific and 23% Europe), Syensqo’s long-term
ambition is to be the prime innovation partner for its customers,
growing on average at around two times the rate of its main end
markets, while further improving its best-in-class margin and
returns.
Upon listing, Syensqo has 105,876,417 ordinary
shares in issue, each carrying one voting right. The Syensqo share
price started its journey at a value of € 90 at market open (9.00
am CET), which corresponds to a market capitalization of € 9.53
billion.
“We are thrilled to begin our journey on
Euronext,” said Dr. Ilham Kadri, CEO. “With SYENS in both our name
and ticker, we are now officially launched as a science company,
one of the largest publicly traded specialty companies in the
world. Born from a rich heritage, vision and track record of
science, innovation and disruption, we are uniquely exposed to
secular megatrends that will accelerate our long-term growth and
are dedicated to having a meaningful impact on our
planet.
With our customers at the heart of everything we
do, we are ready to discover and unleash breakthrough technologies
that will extend our leadership position and as the benchmark for
innovation, we will redefine the boundaries of what is possible in
materials and consumer applications.”
Syensqo is expected to be included in major
stock market indices such as BEL20, Stoxx Europe 600, MSCI Europe,
FTSE Russell, among others, subject to the timing of each
individual index review.
Important legal information
This press release is not a prospectus or other
offering document for the purposes of Regulation (EU) 2017/1129 of
June 14, 2017 (as amended, the “Prospectus Regulation”) or
Regulation (EU) 2017/1129 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended (the
“UK Prospectus Regulation”), and the allocation of shares of
Syensqo to Solvay’s shareholders as part of the partial demerger of
Solvay is expected to be carried out in circumstances that do not
constitute “an offer to the public” within the meaning of the
Prospectus Regulation or the UK Prospectus Regulation.
You should read the Prospectus prepared by the
Company for purposes of the listing and admission of its shares to
trading on the regulated markets of Euronext in Brussels and Paris
(the “Admission”). The approval of the Prospectus by the Belgian
Financial Services and Markets Authority should not be understood
as an endorsement of the shares of the Company to be admitted to
trading on the aforementioned regulated markets.
Any potential investor should make their
investment solely on the basis of information contained in the
Prospectus. Potential investors should read the Prospectus before
making an investment decision in order to fully understand the
potential risks and rewards associated with the decision to invest
in the Company’s shares.
Disclaimer
This press release is for informational purposes
only and is not intended to, and does not, constitute an offer or
invitation to sell or solicitation of an offer to subscribe for or
buy, or an invitation to purchase or subscribe for, any securities
of the Company or Solvay, any part of the business or assets
described herein, or any other interests or the solicitation of any
vote or approval in any jurisdiction in connection with the
transactions described herein or otherwise, nor shall there be any
sale, issuance or transfer of securities in any jurisdiction in
contravention of applicable law. This press release should not be
construed in any manner as a recommendation to any reader
thereof.
The securities of the Company have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and neither Solvay nor the Company intend to make a public
offer of securities in the United States.
The distribution of this press release may be
restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein
comes should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
This press release is directed solely to persons
in the United Kingdom who (i) have professional experience in
matters relating to investments, such persons falling within the
definition of “investment professionals” in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005, as amended (the “Financial Promotion Order”) or (ii) are
persons falling within Article 49(2)(a) to (d) of the Financial
Promotion Order or (iii) other persons to whom an invitation or
inducement to engage in investment activity (within the meaning of
Section 21 of the Financial Services and Markets Act 2000) may
lawfully be communicated or caused to be communicated, (all such
persons together being referred to as “relevant persons”). This
press release is directed only to relevant persons and must not be
acted on or relied on by persons who are not relevant persons.
No representation or warranty or undertaking,
express or implied, is made by the Company, Solvay or any of their
affiliates, shareholders, directors, advisors, employees and
representatives or any other person as to, and no reliance should
be placed upon, the fairness, accuracy, completeness or correctness
of the press release or the opinions contained therein or any other
statement made or purported to be made in connection with the
Company or Solvay, for any purpose whatsoever, including but not
limited to any investment considerations. No responsibility,
obligation or liability whatsoever, whether arising in tort,
contract or otherwise, is or will be accepted by the Company,
Solvay or any of their affiliates, shareholders, directors,
advisors, employees and any respective representatives or any other
person for any loss, cost of damage howsoever arising from any use
of the press release, or for information or opinions or for any
errors, omissions or misstatements contained therein or otherwise
arising in connection therewith.
About Syensqo
Syensqo is a science company developing
groundbreaking solutions that enhance the way we live, work, travel
and play. Inspired by the scientific councils which Ernest Solvay
initiated in 1911, we bring great minds together to push the limits
of science and innovation for the benefit of our customers, with a
diverse, global team of more than 13,000 associates in 30
countries.
Our solutions contribute to safer, cleaner, and
more sustainable products found in homes, food and consumer goods,
planes, cars, batteries, smart devices and health care
applications. Our innovation power enables us to deliver on the
ambition of a circular economy and explore breakthrough
technologies that advance humanity.
Learn more at www.syensqo.com.
Media relations Nathalie van Ypersele+32 478 20 10
62 Perrine Marchal+32 478 32 62
72perrine.marchal@syensqo.com Laetitia Schreiber+32 487 74 38
07laetitia.schreiber@syensqo.com |
Investor relations Jodi Allen+1 609 860 4608 Sherief
Bakr+44 7920 575 989 Bisser Alexandrov+33 6 07 63 52
80 Imtiyaz Lokhandwala+1 609 860
3959investor.relations@syensqo.com |
Follow us on LinkedIn @Syensqo
Ce communiqué de presse est également disponible en français.Dit
persbericht is ook in het Nederlands beschikbaar.
- 20231211 _Syensqo Euronext Listing
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