VALLOUREC completes its 2017 employee share offering (Value 17)
14 Décembre 2017 - 5:45PM
Vallourec
completes its 2017 employee share offering (Value 17)
Boulogne-Billancourt (France), 14
December 2017 - Vallourec today announces the completion of Value
17, a capital increase reserved for employees worldwide. Close to
10,000 employees, in eleven countries[1],
representing 52% of eligible personnel, subscribed to Vallourec's
tenth international employee share offering.
The proceeds of the capital
increase amounted to €27 million, with the issuance of 6,749,755
new shares (representing 1.49% of the number of outstanding
shares), subscribed at a price of €3.77 for the classic formula and
€4.00 for the leverage formula. The nominal value of the capital
increase is €13.5 million. The offer increases the total number of
Vallourec outstanding shares to 457,987,760 as of 14 December
2017.
The Value 17 offering and
description of its main features were announced in the press
release issued on 5 September 2017. The subscription price was
announced in a press release issued on 8 November 2017.
[1] Germany, Brazil, Canada,
China, the United Arab Emirates, the United States, France,
Malaysia, Mexico, the United Kingdom, and Singapore
About
Vallourec
Vallourec is a world leader in
premium tubular solutions for the energy markets and for demanding
industrial applications such as oil & gas wells in harsh
environments, new generation power plants, challenging
architectural projects, and high-performance mechanical equipment.
Vallourec's pioneering spirit and cutting edge R&D open new
technological frontiers. With close to 19,000 dedicated and
passionate employees in more than 20 countries, Vallourec works
hand-in-hand with its customers to offer more than just tubes:
Vallourec delivers innovative, safe, competitive and smart tubular
solutions, to make every project possible.
Listed on Euronext in Paris (ISIN
code: FR0000120354, Ticker VK) and eligible for the Deferred
Settlement System (SRD), Vallourec is included in the following
indices: SBF 120 and Next 150.
In the United States, Vallourec
has established a sponsored Level 1 American Depositary Receipt
(ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). Parity
between ADR and a Vallourec ordinary share has been set at 5:1.
www.vallourec.com
Follow us on Twitter @Vallourec
For further
information, please contact:
Investor relations
Alexandra Fichelson
Guilherme Camara
Tel: +33 (0)1 49 09 39 76
Investor.relations@vallourec.com |
Press relations
Héloïse Rothenbühler
Tel: +33 (0)1 41 03 77 50 / +33 (0)6 45 45 19 67
heloise.rothenbuhler@vallourec.com |
Individual shareholders
Toll Free Number (from France): 0 800 505 110
actionnaires@vallourec.com
|
|
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: VALLOUREC via Globenewswire
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