Air Liquide to Boost Employee Share Capital in Purchase Plan
31 Ottobre 2018 - 10:07AM
Dow Jones News
By Patrick Costello
Air Liquide (AI.FR) said Wednesday that it was increasing the
amount of share capital reserved for employees in its
share-purchase plan as part of its wider strategy of developing
employee share ownership.
The transaction covers eligible employees in over 70 countries
that adhere to the France Share Purchase Plan, or FSPP, or the
International Group Share Purchase Plan, in addition to early
retirees and retirees with assets in FSPP, said the French
industrial-gas manufacturer. The new shares will be identical to
existing company shares and offer holders the same rights,
including dividend payments.
The subscription price for shares has been set at 87.09 euros
($98.96). This price will not apply in the U.S. due to local
regulations, said Air Liquide.
Air Liquide said 1.5 million shares with a par value of EUR5.50
will be made available in the deal for a maximum nominal amount of
EUR8.3 million. The subscription period will run from Nov. 5 to
Nov. 16.
The company said it plans to request admission for these shares
for trading on the Euronext Paris market as soon as possible after
the deal is completed.
Write to Patrick Costello at Patrick.Costello@dowjones.com.
(END) Dow Jones Newswires
October 31, 2018 04:52 ET (08:52 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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