UBS Group AG Discloses Transparency Notification to Solvay

Brussels, September 27, 2024, 08:30 CEST – Regulated Information

In line with Belgian transparency legislation (Law of May 2, 2007), UBS Group AG recently sent to Solvay the following transparency notification indicating that they crossed the threshold of 3%.

The notification, dated September 24, 2024, contains the following information:

Reason for the notification: Acquisition or disposal of voting securities or voting rights, Acquisition or disposal of financial instruments that are treated as voting securities, Downward crossing of the lowest threshold

Notified by: A parent undertaking or a controlling person

Date on which the threshold is crossed: September 18, 2024

Threshold of direct voting rights crossed: 3% downwards

Denominator: 105,876,416

Additional information: The disclosure obligation arose due to the total indirect holdings of UBS Group AG in voting rights of Solvay SA, held directly by controlled undertakings falling below 3% on 18 September 2024.

UBS Group AG’s transparency notification to Solvay sheds light on the recent changes in voting rights and ownership within the company. This important disclosure highlights the regulatory requirements and the significance of transparency in financial markets.

Investors and stakeholders should take note of this notification and consider its implications on the market and the company’s governance structure. Transparency notifications play a crucial role in ensuring accountability and maintaining trust within the financial sector.

How will this affect me?

As an individual investor, this transparency notification may provide insights into the changes in ownership and voting rights within Solvay. It could impact your investment decisions and strategies based on the new information disclosed by UBS Group AG.

How will this affect the world?

The transparency notification from UBS Group AG to Solvay reflects the importance of regulatory compliance and disclosure in the global financial markets. It sets a precedent for transparency and accountability, influencing corporate governance practices worldwide.

Conclusion

In conclusion, UBS Group AG’s transparency notification to Solvay marks a significant milestone in regulatory compliance and disclosure practices. It emphasizes the crucial role of transparency in financial markets and underscores the importance of accountability for all stakeholders involved.