VALLOUREC announces the subscription price of its employee share offering Value 17
(Thomson Reuters ONE) -
Press Release
Vallourec announces the subscription price of its employee share offering Value
17
Boulogne-Billancourt, 8 November 2017 - Vallourec announces that the share
subscription price within the framework of the Value 17 employee share offering
has been fixed today by the Management Board.
The subscription price of the shares is based on the reference price equal to
the average opening Vallourec share price on the Euronext Paris over a period of
twenty trading days from 11 October to 7 November 2017, included, discounted by
20% for the classic formula and 15% for the leverage formula, and rounded up to
the immediately higher euro cent (the "Classic Formula Discounted Subscription
Price" and the "Leverage Formula Discounted Subscription Price").
The average of the opening Vallourec share price during this period was ?4.70.
Therefore, the Classic Formula Discounted Subscription Price has been fixed at
?3.77 and the Leverage Formula Discounted Subscription Price at ?4.00.
The reservation period took place from 11 September to 29 September 2017,
included. The subscription/revocation period of the capital increase, open to
the beneficiaries of the Value 17 offer, will take place from 13 to 16 November
2017 included.
The implementation of the plan may result in the issuance of a maximum of
6,750,000 new shares and the grant of a maximum 15,000 existing free shares as a
substitution of the employer contribution.
The capital increase is scheduled to take place on 14 December 2017.
Vallourec's tenth successive international employee share offering, Value 17,
and description of its main features were announced in the press release issued
on 5 September 2017. Employee shareholders hold 3.42% of Vallourec's share
capital on 30 June 2017.
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 (at)Vallourec
For further information, please contact:
Investor relations Press relations
Alexandra Fichelson Héloïse Rothenbühler
Guilherme Camara
Tel: +33 (0)1 49 09 39 76 Tel: +33 (0)1 41 03 77 50 / +33 (0)6
Investor.relations(at)vallourec.com 45 45 19 67
heloise.rothenbuhler(at)vallourec.com
Individual shareholders
Toll Free Number (from France):
0 800 505 110
actionnaires(at)vallourec.com
Pdf file:
http://hugin.info/143606/R/2148271/824077.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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
Unternehmensinformation / Kurzprofil:
Datum: 08.11.2017 - 17:50 Uhr
Sprache: Deutsch
News-ID 567276
Anzahl Zeichen: 4469
contact information:
Town:
BOULOGNE BILLANCOURT CEDEX
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 228 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"VALLOUREC announces the subscription price of its employee share offering Value 17"
steht unter der journalistisch-redaktionellen Verantwortung von
VALLOUREC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
