Capital and shareholding

​Stock

On 31/12/2017, the amount of Vallourec share capital stands at €915,975,520 divided into 457,987,760​ shares with a nominal value of €2.00 each.

​Share Capital as at 31/12/2017

The distribution is calculated on the basis of number of shares on 31/12/2017, which was 457,987,760 shares.

At 31/12/2017

​% of share capital​

​Theoretical % 
of voting rights

Public 64.99% 63.87%
Group employees 4.19%​
4.27%
Bpifrance Participations 14.56% 15.58%*
CDC Savings Funds 1.66% 1.62%
Sub-total CDC Group 16.22% 17.20%
Nippon Steel & Sumitomo Metal Corporation 14.56% 14.62%*​​​​​​​​​
Treasury shares 0.04%
0.04%

* Subject to certain exceptions, Bpifrance Participations and NSSMC will be ​subject to a standstill at 15% in voting rights for a period of 15 years, starting February 1st, 2016​.

​Capital and Voting Rights

​Monthly information relating to the total number of voting rights and shares comprising the share capital. Article 223-16 of the General Regulations of the Autorité des Marchés Financiers (AMF).
      
Date Total number of shares in issue Theoretical total n° of voting rights* Net total number of voting rights Documents
28/02/2019 457 987 760 470 289 887 469 583 848
31/01/2019 457 987 760 470 288 267 470 197 228
31/12/2018 457 987 760 470 286 184 470 195 145
30/11/2018 457 987 760 470 207 119 470 116 080
31/10/2018 457 987 760 470 207 002 470 115 963
30/09/2018 457 987 760 470 205 298 470 114 259
31/08/2018 457 987 760 470 204 668 470 113 629
31/07/2018 457 987 760 470 202 926 470 111 887
30/06/2018 457 987 760 470 071 367 469 972 774
31/05/2018 457 987 760 470 062 108 469 963 515
31/03/2018 457 987 760 469 717 314 469 544 717
28/02/2018 457 987 760 469 607 832 469 435 235
31/01/2018 457 987 760 469 609 077 469 436 480
31/12/2017 457 987 760 469 610 378 469 437 771

* The theoretical, (or gross), number of voting rights is used as the basis for calculating the crossing of thresholds; it includes voting rights stripped from shares that do not have the right to vote (own shares held, liquidity contract, etc.). See the AMF memorandum dated 17 July 2007 and Article L. 233-7 of the Code de Commerce.​

Archives : see all ava​ilable documents

Company By-laws

Vallourec's By​-laws


Crossing of statutory thresholds

(Excerpt from By-laws, article 8, following the Extraordinary General Meeting of 1 June 2006)
In addition to the declarations of crossing thresholds expressly provided by Articles L. 233-7-I and II of the French Code de Commerce, any shareholder (individual or corporate body) that acquires, directly or indirectly by means of companies controlled by the shareholder within the meaning of Article L. 233-3 of the French Code de Commerce, acting singly or jointly, a number of the Company’s bearer shares equal to or greater than three (3), four (4), six (6), seven (7), eight (8), nine (9) and twelve and half (12.5) per cent of the total number of shares making up the share capital must, within five (5) trading days of crossing said threshold, inform the Company of the total number of shares it holds, by letter sent by recorded delivery with advice of receipt to the Company’s registered office.

Double voting rights

(Excerpt from By-laws, article 12-4. Original by-laws)

4. Holding General Meetings
Each member of a General Meeting shall have as many votes as shares he or she owns or represents, in the absence of legal provisions to the contrary.
However, shares that have been paid up in full and which can be shown to have been registered for four years in the name of the same shareholder shall have a voting right that shall be double that granted to other shares.
 

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CAPITAL INCREASE

Find all the information regarding the capital increase that took place in Q2 2016.

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