Umicore is a publicly listed company. As such, we interact with many parties who have an interest in the way we conduct business. The relationship that we foster with these parties or stakeholders has a direct impact on our success. Stakeholder engagement at Umicore is based on a localised approach whereby all sites are required to identify their respective stakeholders and establish suitable ways of engaging with them. In many cases, such as the dialogue with customers and suppliers, the stakeholder relationships are primarily managed by the business units themselves, in line with our decentralised approach to unit management.
Shareholders and investors
Umicore strives to provide timely and accurate information on its strategy, performance and prospects to its shareholders. Next to the publication of press releases and the Annual Report, Umicore’s management and Investor Relations team communicate with investors during their worldwide roadshows, regular site visits, investor conferences, webcasts and conference calls.
Umicore has a high free float with a broad base of international shareholders which at the end of 2018 were primarily situated in Europe and North America. The overview of shareholders holding voting rights equal to 3% or more can be found on our website. 22 brokerage firms cover and publish equity research notes on Umicore, reflecting strong and global investor interest in Umicore’s equity story and growth opportunities.
On 8 February 2018 Umicore successfully placed through an accelerated bookbuild 22,400,000 new ordinary shares, representing 10% of the then outstanding shares. On 12 February 2018, the new shares were admitted to trading on Euronext Brussels. As a result, as from that day, the total number of outstanding and fully paid-up shares and the numbers of voting rights amount to 246,400,000.
80% of Umicore’s net debt consists of fixed-rate medium- and long-term notes issued with private debt investors in Europe and North America. Next to this Umicore has also credit lines with numerous banks both in Belgium and elsewhere. Dialogue with the banks is primarily the responsibility of the corporate Finance Department although each legal entity within Umicore maintains business relationships with its local banking community.