WHAT HAPPENS AFTER JOINING?

According to the Pay cycle, Solvay will make deductions from your net salary in your local currency of the amount you enrolled for.

 

After your first salary deduction, you will be granted one free share and 1 matching share for every two shares you then purchase.

 

If currency is outside of Eurozone, Solvay will convert the amount into Euros at the applicable exchange rate and send the money to Global Shares.

 

Global Shares, the Plan administrator, will purchase whole shares on your behalf, at market price at the purchase date.

 

You will own the Solvay shares you purchase immediately and these will be held in a custodian account in your name by Global Shares.

There is no vesting period for the shares you purchase:

  • You can sell your purchased shares at any time,
  • You can stop making salary deductions at any time.

 

On the contrary, the free share and the matching shares are subject to a 2-year vesting period, up to September 2024.

 

So you will own the purchased shares immediately after the purchase.

But you will receive the free share and free matching shares at the end of a 2-year vesting period if you are still a Solvay employee and if you still own your purchased shares on September 30, 2024.

WHAT IS A VESTING PERIOD?

A vesting period means that you don’t own the shares immediately. You will become the owner of the free share and matching shares at the end of the vesting period if you meet 2 conditions:

  • you remain a Solvay employee (other than in special circumstances set out below); and
  • you keep your purchased shares and still hold them on September 30, 2024.
  • If you decide to stop making salary deductions, you will be able to keep any purchased shares, the free share and/or the matching shares awarded to date provided you meet the vesting conditions.

WHAT HAPPENS AFTER THE VESTING PERIOD?

You own the free share and the matching shares. You can choose at any time to:

  • sell them,or
  • transfer to your own securities account, or
  • keep them with Global Shares.

IS THERE ANY EXCEPTION TO THE 2-YEAR VESTING PERIOD?

The free share and matching shares awarded will vest immediately and be transferred to your account in the case of:

  • injury, ill-health or disability, as established to the satisfaction of the board of Solvay;
  • redundancy;
  • retirement;
  • death; or
  • your business or employing company is no longer part of the Group (See Q&A for question related to the Spin-off).

NOTE BEFORE INVESTING

By participating in the plan, you will be a Solvay shareholder.

As for any shareholder, the value of your investment can go up as well as down. You can monitor your investment at any time by logging into the Global Shares portal.

The value of your investment can also vary according to exchange rate fluctuations.

If your local currency is not the Euro, the exchange rate can go down as well as up.

Solvay is unable to provide any financial advice, and nothing on this website constitutes financial advice, and we recommend you consult an independent financial advisor before you make any investment decisions, including whether to join in the Plan.