New Success for the 7th Edition of the Verallia Employee Shareholding Offer
June 23 2022 - 11:45AM
Business Wire
Regulatory News:
Verallia (Paris:VRLA), the world's 3rd largest producer of
glass packaging for food and beverages, has successfully completed
its 7th employee shareholding offer. On June 23, 2022, more than
3,200 employees joined in the Group's development and performance
by subscribing to this major operation. Open from May 3 to 17, 2022
in 8 countries, this program allowed them to benefit from exclusive
conditions to join the Group's capital - i.e. a 10% discount on the
share price and a favorable matching plan.
As proof of the success of its strategy and its strong CSR
ambitions, Verallia has achieved an excellent 7th edition of its
employee shareholding offer. At the close of business on June 23,
2022, more than 3,200 employees, i.e. 41% of eligible employees
in 8 countries, had invested in the Group, benefiting from an
attractive unit subscription price of €21.22(1). The total
investment of the Group's employees (including the Company's
contribution) amounts to nearly €13 million.
At closing, 611,445 new ordinary shares, representing 0.5% of
the share capital and voting rights, were issued by the Company. As
in previous years, in order to neutralize the dilutive effect of
this operation, the Company proceeded at the same time to a capital
reduction by cancellation of 611,445 treasury shares acquired under
the share buyback program(2).
In just seven years, these operations have already enabled more
than 45% of employees to become Verallia shareholders, directly and
through the Verallia FCPE, as part of the successive offers
reserved for them. Employees now hold 4.1%(3) of the Company’s
capital.
“Verallia's success also depends on the Group's commitment to
its employees. Their strong mobilization for this 7th edition
measures our mutual trust and confirms the orientations of our
roadmap, which carries strong CSR ambitions. We are aiming for a 5%
employee shareholding rate by 2025: by renewing this operation
every year, we are enabling all the Group's employees to become
involved at their level and to play a part in Verallia's
profitability,” said Patrice Lucas, CEO of Verallia.
(1) i.e. a discount of approximately 10% compared to the average
Verallia share price on the regulated market of Euronext Paris over
the twenty trading days preceding April 30, 2022.
(2) A capital increase in nominal value of €2,066,684.10, with
an issue premium of €10,908,178.80. The 611,445 new ordinary shares
carry immediate rights, have the same rights and obligations as the
shares already issued and have the same rights to any sums that may
be distributed, without restriction or reservation. Capital
reduction by cancellation of 611,445 treasury shares acquired on
March 5, 2021 under the share buyback program. The Company's share
capital remains unchanged, the number of shares issued
corresponding to the number of shares cancelled. It amounts to
€413,337,438.54, and is composed of 122,289,183 ordinary shares
with a par value of €3.38 each.
(3) After the 2022 employee share offering and the capital
increase and reduction.
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About Verallia
At Verallia, our purpose is to re-imagine glass for a
sustainable future. We want to redefine how glass is produced,
reused and recycled, to make it the world’s most sustainable
packaging material. We work in common cause with our customers,
suppliers and other partners across the value chain to develop new
healthy and sustainable solutions for all.
With around 10,000 people and 32 glass production facilities in
11 countries, we are the leading European and the third largest
producer globally of glass containers for food and beverages,
providing innovative, customized and environmentally friendly
solutions to more than 10,000 businesses around the world.
Verallia produced more than 16 billion bottles and jars and
achieved revenues of €2.7 billion in 2021. Verallia is listed on
compartment A of the Euronext Paris stock exchange (Ticker: VRLA –
ISIN: FR0013447729) and belongs to the SBF 120, CAC Mid 60, CAC Mid
& Small et CAC All-Tradable indexes.
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VERALLIA press department Annabel Fuder & Rachel
Hounsinou verallia@wellcom.fr - +33 (0)1 46 34 60 60
VERALLIA investor relations Alexandra Baubigeat Boucheron
- alexandra.baubigeat-boucheron@verallia.com
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