Issue of new VINCI shares, reserved for group employees in France in the context of its savings plan
August 30 2021 - 11:45AM
Issue of new VINCI shares, reserved for group employees in France
in the context of its savings plan
A public limited company (société anonyme) with a
share capital of €1,494,107,032.50Registered office: 1, cours
Ferdinand de Lesseps92500 Rueil-MalmaisonRegistration number
552 037 806 RCS Nanterrewww.vinci.comShareholders
relations department:
actionnaires@vinci.com____________________________________
Issue of new VINCI shares,reserved for group
employees in Francein the context of its savings plan1
The combined general meeting of shareholders
held on 8 April 2021, through its 19th 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 7 June 2023.
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 15 June 2021, 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 2021/3” mutual fund which will be determined at the
end of the subscription period which will be opened from 1
September up to 31 December 2021.
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 15 June 2021, namely €89.08 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 8 April 2021 through its 19th resolution. The
total number of shares that could be issued pursuant thereto and
pursuant to the 20th resolution of the general meeting of
shareholders held on 8 April 2021 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 2021/3” mutual fund will
subscribe for the new VINCI shares to be issued2 at the end of
January 2022.
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 2021.
Rueil-Malmaison, 30 August 2021
** **
1 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
2021/3” and classified as a euro monetary mutual fund. This mutual
fund received the approval of the AMF on 8 June 2021, under no. FCE
2021 0072. 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 as from 8 February 2022. The
AMF approved such a merger in advance on 22 June 2021 (under no.
131961).
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.
2 Up to the total amount of employees’ payments
raised by contributions paid by group companies that are members of
its savings plan in France.
- Document d'information Castor 2021-3 (english)
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