Syensqo is born following overwhelming support of shareholders on demerger of Solvay

Solvay’s extraordinary shareholders’ meeting supported the separation with 99.53% of positive votes, giving official birth to Syensqo

Brussels, December 9, 2023 - 14:30 CET - As the Extraordinary General Shareholders’ Meeting of Solvay SA/NV closed today with massive support (+99.53%) of shareholders, Syensqo SA/NV will be officially demerged from Solvay effective at midnight.

“This is a historical moment”, said Dr. Ilham Kadri, incoming CEO of Syensqo. “This turning point highlights the recognition and success of the in-depth transformation of Solvay in the past 5 years. I want to thank all our shareholders, board members and teams for their trust, and for making this ambitious project come true. I also wish the new Solvay a very bright future.

I am now pleased to start a new chapter as CEO of the new specialty company Syensqo to deliver growth through exploring the technologies of tomorrow, with a strong management team and board.

Our new pure play company, one of the largest in the world, will benefit from the rich heritage of Solvay. In particular, in carrying on the spirit of innovation of its founder Ernest Solvay, as a true science company at the service of disruptive technologies in lightweighting, electrification, digitalization, resources efficiency and biomaterials.

Syensqo’s mission is to strengthen our innovation power to support our customers’ needs and environmental ambitions while delivering growth, and to become carbon neutral by 2040”.

Syensqo’s listing on Euronext Brussels and Euronext Paris (under ticker “SYENS”) will begin at market opening at 9:00 a.m. (CET) on Monday, December 11, 2023.

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About Syensqo
Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates in 30 countries.

Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and healthcare applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity.

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