Solvay S.A. disclosed that SIH Partners, LLLP reported a combined 5.35% position after crossing the 5% threshold on Oct. 29, placing its reported position above the Belgian chemicals company’s reporting level.
Solvay’s notice lists 0.22% in voting rights and 5.13% through equivalent financial instruments. It gives 105,876,416 as the denominator used to calculate the position.
Dated Oct. 30, the notification describes the trigger as an acquisition or disposal of equivalent financial instruments. The notice lists the filer as a parent company or a person holding control.
The update follows Solvay’s earlier disclosure of SIH Partners’ 5.09% combined position, which also recorded a separate downward threshold crossing involving Susquehanna International Securities Limited. Solvay’s latest notice says that firm crossed above 5% of voting rights held through financial instruments.
Solvay said the disclosure was made under Belgian financial transparency legislation, including the law of May 2, 2007. The company makes its transparency notices and information on the full chain of controlled companies through which positions are held available in its investor-relations section.