Renewed Success for the 8th Edition of Verallia’s Employee Shareholding Offer, One of the Pillars of Sharing Value
June 23 2023 - 2:30AM
Business Wire
Regulatory News:
Verallia (Paris:VRLA), the world's 3rd largest
manufacturer of glass packaging for food and beverages, has
successfully completed its 8th employee shareholding offer. On June
22, 2023, more than 3,600 employees, including 76% of French
employees, signed up to share in the Group's development and
performance, by subscribing to this major operation. Open from May
3 to 17, 2023 in 9 countries, this programme afforded them
exclusive conditions to join the Group's share capital - i.e. a 20%
discount on the share price and a favourable matching contribution
plan.
Proof of the success of its strategy and its strong CSR
ambitions, Verallia has achieved an excellent 8th edition of its
employee shareholding offer. By the close of business on June 22,
2023, over 3,600 employees, or 41% of eligible employees in 9
countries, had invested in the Group, benefiting from an attractive
unit subscription price of €30.451. Total investment by Group
employees (including the Company's matching contribution) thus
amounts to over €18.6 million.
At the close, 611,445 new ordinary shares, representing 0.5% of
the share capital and voting rights, had been issued by the
Company. As in previous years, in order to neutralize the dilutive
effect of this operation, the Company simultaneously reduced its
capital by cancelling 611,445 treasury shares acquired under the
share buyback programme2.
In just 8 years, these operations have already enabled more than
48% of Group employees to become Verallia shareholders, and 88% of
French employees, directly and through the Verallia FCPE. Employees
now hold 4,2 %3 of the Company's capital.
In the words of Verallia’s CEO, Patrice Lucas: “This scheme is
rooted in the Group's DNA and demonstrates once again that we are
resolutely committed to sharing value. By involving our employees,
we give them the opportunity to participate more fully in the life
of our company, and to take an interest in the successful
implementation of our strategy. Among other things, this operation
also enables us to involve our employees in our economic and
financial objectives, and to reinforce the stability of our
capital. We also stay on our target to reach 5% employee share
ownership by 2025."
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 34 glass production facilities in
12 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 17 billion bottles and jars and
achieved revenues of €3.4 billion in 2022. Verallia is listed on
compartment A of the Euronext Paris stock exchange (Ticker: VRLA –
ISIN: FR0013447729) and belongs to the CAC SBT 1.5°, STOXX600, SBF
120, CAC Mid 60, CAC Mid & Small et CAC All-Tradable
indexes.
_________________________ 1 i.e. a 20% discount to the average
Verallia share price on the Euronext Paris regulated market over
the twenty trading days preceding April 29,2023.
2 Capital increase in par value of €2,066,684.10, with
additional paid-in capital of €16,551,816.15. The 611,445 new
ordinary shares carry immediate dividend rights, have the same
rights and obligations as shares already issued, and have the same
rights to any sums that may be distributed, without restriction or
reservation. Capital reduction through cancellation of 611,445
treasury shares acquired under the December 6, 2022 share buyback
program. The Company's share capital remains unchanged, with the
number of shares issued corresponding to the number of shares
cancelled. It amounts to €413,337,438.54 and is made up of
122,289,183 ordinary shares with a par value of €3.38 each.
3 Post employee share offering 2023 and after capital increase
and reduction.
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version on businesswire.com: https://www.businesswire.com/news/home/20230622732311/en/
Verallia media department Annabel Fuder & Stéphanie
Piere 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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