Solvay announces the launch of its first employee stock ownership plan, offering employees the opportunity to buy company shares at a discount of 10%. It will be available to Solvay employees globally regardless of their location and salary level. Furthermore, after a period of two years, participants in the program will be granted one free share for every three shares they own.

“At Solvay, we care about our employees and thus we want them to become shareholders, with all the privileges of voting rights and dividends,” says Solvay CEO Ilham Kadri. “Our aim is to deepen and accelerate Solvay’s delivery by mobilizing thousands of employees to act as entrepreneurs and owners, broadening their perspectives and embracing all opportunities to drive the Group’s transformation and to create superior, responsible and sustainable value.”

Solvay's new employee share plan is historic for the company and its employees — the first of its kind since the company went public in 1967. Expected to be implemented in the second half of 2022, it shall be subject to a maximum of 250,000 shares.