Syensqo major shareholders structure
Solvac SA
Solvac SA is a public limited liability company incorporated under Belgian law in 1983. Its assets consist exclusively of the Syensqo shares and Solvay SA shares. Solvac SA shares are traded on Euronext Brussels. It has approximately 14,000 shareholders.
According to the latest transparency declaration dated February 15, 2024, Solvac SA crossed the threshold of 30% upwards on December 11, 2023, holding 30.81% of Syensqo's share capital and therefore 30.81% of voting rights. This percentage results from the fact that Solvac SA held 30.81% of Solvay SA share capital and voting rights at the time of the partial demerger of Solvay SA.
BlackRock Inc.
According to the latest transparency declaration dated June 18, 2024, BlackRock Inc. crossed the threshold of 3% upwards, holding 3.69% of total voting rights of Syensqo SA.
Syensqo SA
Syensqo holds directly and indirectly a total of 893,920 own shares, spread out as follows:
- 242,548 Syensqo shares in the framework of its Share Buyback Program; and
- 651,372 Syensqo shares and 198,620 call options by Syensqo Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of Syensqo. Those shares and options are held by SSOM on its own account, as part of its strategy to cover the obligations assumed by SSOM regarding stock options granted by Syensqo (or formerly by Solvay) to Group senior executives. The voting rights attached to the Syensqo shares held by SSOM are, as a matter of law, suspended.
Threshold notifications
Syensqo’s by-laws require any shareholder holding voting rights equal or superior to 3% to declare this shareholding to the company and the Financial Services and Markets Authority (FSMA). Any crossing of the first threshold of 3% and thereafter of 5%, 7.5% or any multiple of 5% is subject to this declaration.