RUBIS: CAPITAL INCREASE RESERVED FOR GROUP EMPLOYEES
February 01 2017 - 9:18AM
This
document is a translation of the original French document and is
provided for information purposes only.
The original French version takes precedence over
this translation.
Paris, February 1, 2017
Press release
issued under the ongoing information requirement
The Board of Management, at its
meeting of January 2, 2017, decided to make use of the
authorization granted by the Ordinary and Extraordinary
Shareholders' Meeting of June 5, 2015, established under Articles
L. 3332-3 et seq. of the French Labor Code, to
perform a capital increase by issuing shares reserved for eligible
employees of companies participating in the Rubis Avenir Company
Savings Plan (companies based in France) under the conditions
described below.
The maximum nominal amount
authorized by the Ordinary and Extraordinary Shareholders' Meeting
of June 5, 2015, in respect of capital increases reserved for
employees, is 700,000 euros (280,000 shares) including the amount
of 161,610 euros (64 644 shares) resulting from the capital
increase reserved for eligible employees in 2016. Then, this
capital increase is capped at a maximum nominal amount of 538,390
euros corresponding to 215,356 Rubis shares.
The subscription price, set at
61.40 euros, corresponds, in accordance with Article L. 3332-19 of
the French Labor Code, to 80% of the average share price over the
20 trading days preceding the decision.
The subscription period will run
from March 20 to April 7, 2017.
The funds invested in Rubis shares
through the "FCPE Rubis Avenir" mutual fund will be available at
the end of a five-year lock-up period, except in cases where early
release is allowed.
The new shares will carry dividend
rights from January 1, 2017 and will be fungible with existing
shares.
The Rubis Avenir mutual fund was
set up in 2002 to allow employees to invest in Rubis' capital, and
thereby to strengthen the link between employees and the company.
Rubis has performed a capital increase reserved for employees each
year since the fund's establishment. All such transactions have
enjoyed broad support among the Group's employees.
As of December 31, 2016, employees
of the Group held 1.13% of Rubis' share capital through the Rubis
Avenir mutual fund.
This press
release constitutes the regulated information required pursuant to
articles 212-4 5° and 212-5 6° of the AMF General
Regulation and article 14 of instruction 2005-11 of December 13,
2005, issued as a press release in accordance with the Article
221-3 of the AMF General Regulation.
***
105, avenue Raymond-Poincaré
75116 Paris - France
Tel: +33 (0) 1 44 17 95 95
Fax: +33 (0) 1 45 01 72 49
email: rubis@rubis.fr
www.rubis.fr
SCA with share capital of 113,686,705 euros
784 393 530 RCS PARIS - Code APE 6420Z
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Source: RUBIS via Globenewswire
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