2.2.1. Major shareholder

Solvay’s main shareholder is Solvac SA, with a holding of more than 30% in the share capital of Solvay.

Solvac SA is a public limited liability company established under Belgian law, the shares of which are admitted to trading on Euronext Brussels.

Solvac has approximately 13,000 shareholders. Among them, more than 2,000 persons are related to the founding families of Solvay and of Solvac. These persons hold approximately 77% of the shares of Solvac.

2.2.2. Shareholders’ structure

The following table shows the current shareholders’ structure based on the notifications made to the Company and to the Belgian Financial Services and Markets Authority (“FSMA”) by the shareholders specified below, according to i) the Belgian law of May 2, 2007 on the notification of significant shareholdings or according to Solvay’s by-laws or ii) Article 74 of the Belgian law of April 1, 2007 on public take-over bids or iii) based on more recent information from public disclosures.





Number of shares


% of total



July 29, 2016





Solvay Stock Option Management


July 4, 2016


(+ 559,374 purchase options)



On July 29, 2016 Solvac gave notice that it holds 30.71% (32,511,125 shares) in the share capital of Solvay.

Solvay Stock Option Management SPRL, an indirect subsidiary of Solvay, notified Solvay on July 4, 2016 that its shareholding amounted to 3.01% of the 105,876,416 shares issued by Solvay, representing 2,632,690 shares and 559,374 purchase options. These purchase options are part of the Group's risk hedging strategy linked to stock options granted by Solvay to senior executives of the Group.

Blackrock Inc. gave notice on November 18, 2016 that it holds a 3.04% interest (3,219,775 shares) in the share capital of the Company and on November 30, 2016 that it had fallen below the statutory threshold of 3% in the Company’s share capital.

The latest transparency notifications are available on the website (www.solvay.com).

The shares for which no transparency notifications have been filed with Solvay and the FSMA are held by:

  • individual shareholders who hold shares directly in Solvay
  • European and international institutional shareholders, whose number and interest can be measured by the intensity of contacts at many roadshows, by the regular publication of analysts’ reports and by the level of trading volumes over recent years.

At the Ordinary Shareholders’ Meeting held on May 10, 2016, shares were deposited and votes cast in respect of 58.16% of Solvay SA’s capital.