RUBIS
RUBIS: Capital increase reserved for Group's employees
07-Feb-2020 / 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.
The original French version takes precedence over this translation.
Paris, February 7, 2020 - 17:35
The Board of Management, at its meeting of January 6, 2020, decided to make
use of the authorization granted by the Ordinary and Extraordinary
Shareholders' Meeting of June 11, 2019, 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 11, 2019 in respect of capital increases
reserved for employees, is EUR 700,000 (560,000 shares).
The subscription price, set at EUR 37.48, corresponds, in accordance with
Article L. 3332-19 of the French Labor Code, to 70% of the average share
price over the 20 trading days preceding the decision of the Board of
Management.
The subscription period will run from March 23 to April 10, 2020.
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, 2020 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, 2019, employees of the Group held 1.27% of Rubis' share
capital through the Rubis Avenir mutual fund.
***
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 EUR 125,221,790
784 393 530 RCS PARIS - Code APE 6420Z
Regulatory filing PDF file
Document title: RUBIS: Capital increase reserved for Group's employees
Document: http://n.eqs.com/c/fncls.ssp?u=HYMJRSPGSS [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: Inside information / Other releases
EQS News ID: 970631
End of Announcement EQS News Service
970631 07-Feb-2020 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=57e21f299778a7001a99f1332f2d036c&application_id=970631&site_id=vwd&application_name=news
(END) Dow Jones Newswires
February 07, 2020 11:35 ET (16:35 GMT)
