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RUBIS
RUBIS: Capital increase reserved for Group employees
29-Jan-2019 / 17:35 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
This document is a translation of the original French document and is
provided for information purposes only. In all matters of interpretation of
information, views or opinions expressed therein, the original French
version takes precedence over this translation.
Paris, January 29, 2019 - 17:35
The Board of Management, at its meeting of January 4, 2019, decided to make
use of the authorization granted by the Ordinary and Extraordinary
Shareholders' Meeting of June 8, 2017, established under Articles L. 3332-18
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 8, 2017, in respect of capital increases
reserved for employees, is EUR700,000 (560,000 shares) including the amount
of EUR147,471.25 (117,977 shares) resulting from the capital increase
reserved for eligible employees in 2018. Then, this capital increase is
capped at a maximum nominal amount of EUR552,528.75 corresponding to 442,023
shares.
The subscription price, set at EUR37.43, 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 25 to April 12, 2019.
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 1st, 2019 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, 2018, employees of the Group held 1.22% 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
19 of instruction AMF 2016-04 applicable as from January 15, 2018, issued as
a press release in accordance with the Article 221-3 of the AMF General
Regulation.
***
46, rue Boissière
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 121,017,180 euros
784 393 530 RCS PARIS - Code APE 6420Z
Regulatory filing PDF file
Document title: RUBIS: Capital increase reserved for Group employees
Document: http://n.eqs.com/c/fncls.ssp?u=GLOFGEQVLN [1]
Language: English
Company: RUBIS
46, rue Boissière
75116 Paris
France
Phone: +33 144 17 95 51
Fax: +33 145 01 72 49
E-mail: communication@rubis.fr
Internet: www.rubis.fr
ISIN: FR0013269123
Euronext Ticker: RUI
AMF Category: Other news releases
End of Announcement EQS News Service
770625 29-Jan-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c77577affe5db2c7d691599d381f11db&application_id=770625&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 29, 2019 11:35 ET (16:35 GMT)
