VINCI : Issue of new VINCI shares, reserved for group employees in France in the context of its savings plan
28 Dicembre 2018 - 8:30AM
A public limited
company (société anonyme) with a share capital of €1,493,571,705.00
Registered office: 1, cours Ferdinand de Lesseps
92500 Rueil-Malmaison
Registration number 552 037 806 RCS Nanterre
www.vinci.com
Shareholders relations department: actionnaires@vinci.com
____________________________________
Issue of new VINCI
shares,
reserved for group employees in France
in the context of its savings plan*
The combined general meeting of
shareholders held on 17 April 2018, through its 17th resolution,
delegated to the Board of directors its power to make increases in
the capital reserved for employees for a period of 26 months
expiring on 16 June 2020.
The meeting of shareholders
defined in this context the manner in which the issue price of the
new shares is determined.
During its meeting held on 17
October 2018, VINCI Board of directors fixed terms and conditions
of a capital increase reserved for group employees in France, this
transaction being in keeping with the powers received from the
general meeting of shareholders.
The maximum number of shares that
could be issued and the total amount of the issue will depend on
the level of employees' subscriptions for the units to be issued by
the "Castor Relais 2019/1" mutual fund which will be determined at
the end of the subscription period which will be opened from 2
January up to 30 April 2019.
The issue price of the new shares
is equal to 95 % of the average opening prices of the VINCI shares
quoted on the regulated market of Euronext Paris SA on the 20
trading days preceding 17 October 2018, namely €76.62 per new share
to be issued.
The total number of new shares to
be issued cannot exceed the limit prescribed by the general meeting
of shareholders held on 17 April 2018 through its 17th resolution.
The total number of shares that could be issued pursuant thereto
and pursuant to the 18th resolution
of the general meeting of shareholders held on 17 April 2018 to
promote share ownership in favour of employees living in some
foreign countries cannot exceed 1.5 % of the number of shares
comprising the authorised share capital at the time when the Board
makes its decision.
The "Castor Relais 2019/1" mutual
fund will subscribe for the new VINCI shares to be
issued[1] at the end
of May 2019.
Authorization for trading these
new shares on the regulated market of Euronext Paris will be
required immediately after their issuing.
These ordinary shares will be
accompanied by no restriction and will bear current dividend rights
as from 1st January
2019.
*
*
*
*
Rueil-Malmaison, 28 December
2018
*Employees will
subscribe for this issue, which is reserved for them, through a
temporary mutual fund initially and momentarily invested in
monetary securities known as "Castor Relais 2019/1" and classified
as a euro monetary mutual fund. This mutual fund received the
approval of the AMF on
22 October 2018, under no. FCE 2018 0113. It will collect the
employees' cash payments intended to subscribe for the units that
it issues. At the end of the 4-month subscription period opened to
the employees, this temporary mutual fund will subscribe for the
VINCI shares issued according to the total amount of the payments
that it collects and will then be absorbed by the "Castor" mutual
fund on 29 May 2019. The AMF approved such a merger in advance on 5
November 2018 (under no. 115685).
The "Castor" mutual fund is an
employee savings and employee shareholder UCITS invested in VINCI
shares. It is one of the principal instruments used for the
implementation of the VINCI group's company savings plan in
France.
[1] Up to the
total amount of employees' payments raised by contributions paid by
group companies that are members of its savings plan in France.
PDF
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: VINCI via Globenewswire
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