VALLOUREC announces the subscription price of its employee share offering Value 17
08 Novembre 2017 - 5:51PM
Vallourec announces the subscription price of
its employee share offering Value 17
Boulogne-Billancourt, 8 November
2017 - Vallourec announces that the share subscription price
within the framework of the Value 17 employee share offering has
been fixed today by the Management Board.
The subscription price of the shares is based on
the reference price equal to the average opening Vallourec share
price on the Euronext Paris over a period of twenty trading days
from 11 October to 7 November 2017, included, discounted by 20% for
the classic formula and 15% for the leverage formula, and rounded
up to the immediately higher euro cent (the "Classic Formula
Discounted Subscription Price" and the "Leverage Formula Discounted
Subscription Price").
The average of the opening Vallourec share price
during this period was €4.70. Therefore, the Classic Formula
Discounted Subscription Price has been fixed at €3.77 and the
Leverage Formula Discounted Subscription Price at €4.00.
The reservation period took place from 11
September to 29 September 2017, included. The
subscription/revocation period of the capital increase, open to the
beneficiaries of the Value 17 offer, will take place from 13 to 16
November 2017 included.
The implementation of the plan may result in the
issuance of a maximum of 6,750,000 new shares and the grant of a
maximum 15,000 existing free shares as a substitution of the
employer contribution.
The capital increase is scheduled to take place
on 14 December 2017.
Vallourec's tenth successive international
employee share offering, Value 17, and description of its main
features were announced in the press release issued on 5 September
2017. Employee shareholders hold 3.42% of Vallourec's share capital
on 30 June 2017.
About Vallourec
Vallourec is a world leader in premium tubular
solutions for the energy markets and for demanding industrial
applications such as oil & gas wells in harsh environments, new
generation power plants, challenging architectural projects, and
high-performance mechanical equipment. Vallourec's pioneering
spirit and cutting edge R&D open new technological frontiers.
With close to 19,000 dedicated and passionate employees in more
than 20 countries, Vallourec works hand-in-hand with its customers
to offer more than just tubes: Vallourec delivers innovative, safe,
competitive and smart tubular solutions, to make every project
possible.
Listed on Euronext in Paris (ISIN code:
FR0000120354, Ticker VK) and eligible for the Deferred Settlement
System (SRD), Vallourec is included in the following indices: SBF
120 and Next 150.
In the United States, Vallourec has established
a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN
code: US92023R2094, Ticker: VLOWY). Parity between ADR and a
Vallourec ordinary share has been set at 5:1.
www.vallourec.comFollow us on Twitter
@Vallourec
For further information, please
contact:
Investor relations
Alexandra FichelsonGuilherme CamaraTel: +33 (0)1 49 09 39
76Investor.relations@vallourec.com |
Press relations
Héloïse Rothenbühler Tel: +33 (0)1 41 03 77 50 / +33 (0)6 45
45 19 67heloise.rothenbuhler@vallourec.com |
Individual shareholdersToll Free Number (from France): 0 800
505 110 actionnaires@vallourec.com |
|
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