Solvay: acquisition of own shares and completion of the share buyback program
01 Octobre 2024 - 6:32PM
UK Regulatory
Solvay: acquisition of own shares and completion of the share
buyback program
Brussels, October 1, 2024, 6:30pm CEST - regulated
information
In accordance with article 8:4 of the Royal
Decree of 29 April 2019 executing the Belgian Code of Companies and
Associations, Solvay SA hereby discloses certain information in
relation to its Share Buyback Program, announced on August 1,
2024.
Solvay has repurchased 161,273 Solvay shares in
the period from September 23, 2024 up to and including October 1,
2024, as follows:
Date of repurchase |
Number of shares |
Average price paid |
Max price paid |
Min price paid |
Total |
Market |
23-09-2024 |
926 |
34.4487 |
34.68 |
34.29 |
31,899.50 |
AQEU |
23-09-2024 |
5,508 |
34.3948 |
34.68 |
34.29 |
189,446.56 |
CEUX |
23-09-2024 |
150 |
34.3436 |
34.39 |
34.3 |
5,151.54 |
TQEX |
23-09-2024 |
16,416 |
34.4332 |
34.68 |
34.22 |
565,255.41 |
XBRU |
24-09-2024 |
197 |
34.4680 |
34.47 |
34.39 |
6,790.20 |
AQEU |
24-09-2024 |
2,675 |
34.6538 |
35.05 |
34.46 |
92,698.92 |
CEUX |
24-09-2024 |
541 |
34.5811 |
34.97 |
34.48 |
18,708.38 |
TQEX |
24-09-2024 |
19,587 |
34.7424 |
35.12 |
34.37 |
680,499.39 |
XBRU |
25-09-2024 |
1,221 |
34.2083 |
34.72 |
33.69 |
41,768.33 |
AQEU |
25-09-2024 |
3,410 |
34.1374 |
34.70 |
33.69 |
116,408.53 |
CEUX |
25-09-2024 |
2,594 |
33.8941 |
34.55 |
33.69 |
87,921.30 |
TQEX |
25-09-2024 |
15,775 |
34.0700 |
34.82 |
33.68 |
537,454.25 |
XBRU |
26-09-2024 |
788 |
33.9197 |
34.08 |
33.82 |
26,728.72 |
AQEU |
26-09-2024 |
7,055 |
33.8841 |
34.02 |
33.69 |
239,052.33 |
CEUX |
26-09-2024 |
1,002 |
33.8745 |
34.08 |
33.73 |
33,942.25 |
TQEX |
26-09-2024 |
14,155 |
33.8451 |
34.08 |
33.66 |
479,077.39 |
XBRU |
27-09-2024 |
600 |
34.5824 |
34.74 |
34.31 |
20,749.44 |
AQEU |
27-09-2024 |
3,003 |
34.7540 |
34.98 |
34.33 |
104,366.26 |
CEUX |
27-09-2024 |
385 |
34.6915 |
34.96 |
34.40 |
13,356.23 |
TQEX |
27-09-2024 |
19,212 |
34.7680 |
35.00 |
34.27 |
667,962.82 |
XBRU |
30-09-2024 |
549 |
35.1285 |
35.31 |
34.39 |
19,285.55 |
AQEU |
30-09-2024 |
6,147 |
34.8778 |
35.33 |
34.25 |
214,393.84 |
CEUX |
30-09-2024 |
466 |
34.9534 |
35.32 |
34.25 |
16,288.28 |
TQEX |
30-09-2024 |
15,838 |
34.7266 |
35.35 |
34.10 |
549,999.89 |
XBRU |
01-10-2024 |
708 |
35.7480 |
35.85 |
35.41 |
25,309.58 |
AQEU |
01-10-2024 |
4,361 |
35.6429 |
35.87 |
35.18 |
155,438.69 |
CEUX |
01-10-2024 |
2,283 |
35.6917 |
35.86 |
35.35 |
81,484.15 |
TQEX |
01-10-2024 |
15,721 |
35.5966 |
35.82 |
35.18 |
559,614.15 |
XBRU |
These transactions mark the end of the share
buyback program announced on August 1, which intended to acquire up
to 1,025,000 Solvay shares for the purpose of meeting any delivery
obligations of Solvay shares arising from grants of its 2023 and
2024 long-term incentive (Performance Share Units and Restricted
Share Units) plans.
As of October 1, 2024, Solvay holds a total of
1,530,711 own shares, spread out as follows:
- 1,241,675 Solvay shares held by
Solvay SA; and
- 289,036 Solvay
shares held by Solvay Stock Option Management SRL (“SSOM”), a
wholly owned indirect subsidiary of Solvay SA.
Contacts
Media relations |
Investor
relations |
Peter Boelaert
+32 479 30 91 59
Laetitia Van Minnenbruggen
+32 484 65 30 47
media.relations@solvay.com |
Boris
Cambon-Lalanne
+32 471 55 37 49
Geoffroy d’Oultremont
+32 478 88 32 96
Vincent Toussaint
+33 6 74 87 85 65
investor.relations@solvay.com |
Safe harbor
This press release may contain forward-looking
information. Forward-looking statements describe expectations,
plans, strategies, goals, future events or intentions. The
achievement of forward-looking statements contained in this press
release is subject to risks and uncertainties relating to a number
of factors, including general economic factors, interest rate and
foreign currency exchange rate fluctuations, changing market
conditions, product competition, the nature of product development,
impact of acquisitions and divestitures, restructurings, products
withdrawals, regulatory approval processes, all-in scenario of
R&I projects and other unusual items. Consequently, actual
results or future events may differ materially from those expressed
or implied by such forward-looking statements. Should known or
unknown risks or uncertainties materialize, or should our
assumptions prove inaccurate, actual results could vary materially
from those anticipated. The Company undertakes no obligation to
publicly update or revise any forward-looking statements.
About Solvay
Solvay, a pioneering chemical company with a
legacy rooted in founder Ernest Solvay's pivotal innovations in the
soda ash process, is dedicated to delivering essential solutions
globally through its workforce of over 9,000 employees. Since 1863,
Solvay harnesses the power of chemistry to create innovative,
sustainable solutions that answer the world’s most essential needs
such as purifying the air we breathe and the water we drink,
preserving our food supplies, protecting our health and well-being,
creating eco-friendly clothing, making the tires of our cars more
sustainable and cleaning and protecting our homes. Solvay’s
unwavering commitment drives the transition to a carbon-neutral
future by 2050, underscoring its dedication to sustainability and a
fair and just transition. As a world-leading company with €4.9
billion in net sales in 2023, Solvay is listed on Euronext Brussels
and Paris (SOLB). For more information about Solvay, please visit
solvay.com or follow Solvay on Linkedin.
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