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
+331 41 43 44 73
Infos-invest@ketb.com
Media relations: Agence Hopscotch
Capital: Violaine Danet
+331 58 65 00 77 /
k&b@hopscotchcapital.fr
Kaufman & Broad: Emmeline Cacitti
+336 72 42 66 24 / ecacitti@ketb.com
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)
