Kaufman & Broad SA: News release capital increase reserved for employees

Kaufman & Broad SA 
Kaufman & Broad SA: News release capital increase reserved for employees 
 
21-Nov-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. 
 
            Press Release 
 
            Paris, 21st of November 2019 
 
      OFFER RESERVED FOR EMPLOYEES 
 
      "KB SHARES 2019" 
 
 On the 13th of May 2019, Kaufman & Broad SA announced the launch of the "KB 
Shares 2019" leveraged offer, comprising a guarantee of investment, reserved 
 to the group employees membres of the Group Savings Plan (PEG). At the date 
       of publication, Kaufman & Broad SA acknowledges the completion of the 
   capital increase resulting from the souscriptions to the "KB Shares 2019" 
            offer. 
 
   As in 2017, the offer has been highly successeful. The participation rate 
   reached 66.1% of eligible staff members. A total number of 283 991 shares 
     were subscribed through the "KB Shares 2019" compartment of the FCPE KB 
            ACTIONS, representing an amount of 7,832,471.78 euros. 
 
      The capital increase resulting from this offer brings close to 15% the 
  proportion of capital held by employees through the different shareholding 
mechanisms (including the shares held in the "KB Shares 2017" and "KB Shares 
     2019" compartments of the FCPE KB ACTIONS as well as the FCPE KAUFMAN & 
     BROAD ACTIONNARIAT within the framework of the Group Saving Plan (PEG), 
      shares resulting from the Free Share Plans and shares held through the 
            company Artimus Participations). 
 
 This operation strengthen the employees' position of largest shareholder of 
      Kaufman & Broad SA expressing their commitment and confidence in their 
            company. 
 
   The 283 991 new shares issued in this offer are ordinary shares, entirely 
  assimilated to the existing shares and carry current dividend entitlement. 
     Their admission to be traded on the Euronext Paris Stock Exchange (ISIN 
    code: FR0004007813 KOF) will be requested upon completion of the capital 
            increase. 
 
      This release is available on the www.kaufmanbroad.fr [1] Website 
 
Contacts 
 
Chief Financial Officer             Press Relations 
 
      Bruno Coche 
 
   [phone] 
 
 [e-mail] 
                           Media relations: Agence Hopscotch 
                                Capital: Violaine Danet 
 
                                   [phone] / 
                                k&[e-mail] 
 
                           Kaufman & Broad: Emmeline Cacitti 
 
                          [phone] / [e-mail] 
 
    About Kaufman & Broad - Kaufman & Broad has been designing, building and 
      selling single-family homes in communities, apartments, and offices on 
   behalf of third parties for more than 50 years. Kaufman & Broad is one of 
 the leading French Property Development & Construction companies due to the 
   combination of its size and profitability, and the strength of its brand. 
 
The Kaufman & Broad Registration Document for 2018 was filed with the French 
  Financial Markets Authority ("AMF") under No. D.19-0228 on March 29, 2019. 
     It is available on the AMF (www.amf-france.org [2]) and Kaufman & Broad 
   (www.kaufmanbroad.fr [1]) websites. It contains a detailed description of 
Kaufman & Broad's business activities, results, and prospects, as well as of 
   the related risk factors. Kaufman & Broad specifically draws attention to 
   the risk factors set out in Chapter 1.2 of the Registration Document. The 
materialization of one or several of these risks may have a material adverse 
      impact on the Kaufman & Broad Group's business activities, net assets, 
financial position, results, and outlook, as well as on the price of Kaufman 
            & Broad's shares. 
 
 This press release does not amount to, and cannot be construed as amounting 
  to a public offering, a sale offer or a subscription offer, or as intended 
            to seek a purchase or subscription order in any country. 
 
Regulatory filing PDF file 
 
Document title: News release capital increase reserved for employees 
Document: http://n.eqs.com/c/fncls.ssp?u=MNHWYNJVXI [3] 
918667 21-Nov-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b40f286580e5a3e4d565d58dfb24fd60&application_id=918667&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=58d927157c3d269cacfc11a89b912b20&application_id=918667&site_id=vwd&application_name=news 
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8d1128d5d3d3d86af09e761b3df5a482&application_id=918667&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

November 21, 2019 11:35 ET (16:35 GMT)