VINCI : Issue of new VINCI shares, reserved for group employees in France in the context of its savings plan
02 Janeiro 2018 - 2:45PM
A public limited company (société anonyme) with a share capital of €
1,477,869,757.50
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 20 April 2017, 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 19 June 2019.
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 18
October 2017, 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 2018/1" mutual fund which will be determined at
the end of the subscription period which will be opened from 2
January up to 30 April 2018.
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 18 October 2017, namely €76.42 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 20 April 2017 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 20 April 2017 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 2018/1" mutual
fund will subscribe for the new VINCI shares to be
issued[1] at the end
of May 2018.
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
2018.
*
*
*
*
Rueil-Malmaison, 29 December
2017
*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 2018/1" and classified as a euro monetary mutual
fund. This mutual fund received the approval of the AMF on 5
December 2017, under no. FCE 2017 0125. 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 31 May 2018. The AMF approved such a merger in advance on
12 December 2017 (under no. 109604).
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 Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions 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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