Vallourec completes its 2014 employee share offering (Value 14)

Vallourec Value 14
Vallourec Value 14
16/12/2014 - Finance
Vallourec today announces the completion of Value 14, a capital increase reserved for employees worldwide.

​​Boulogne-Billancourt (France), 16 December 2014 - Vallourec today announces the completion of Value 14, a capital increase reserved for employees worldwide. Close to 15,000 employees, in thirteen countries1, representing 64% of eligible personnel, subscribed to Vallourec's seventh international employee share offering.

The proceeds of the capital increase amounted to €49.2 million, with the issuance of 1,919,959 new shares (representing approximately 1.49% of the number of outstanding shares), subscribed at a price of €24.12 for the classic formula and €25.62 for the lev​erage formula. The nominal value of the capital increase is €3.8 million. The offer increases the total number of Vallourec outstanding shares to 130,597,975 as of 16 December 2014.

The Value 14 offering and description of its main features were announced in the press release issued on 20 July 2014. The subscription price was announced in a press release issued on 7 November 2014.

Employee shareholders today hold around 7.77% of Vallourec's share capital.

1Germany, Saudi Arabia, Brazil, Canada, China, the United Arab Emirates, the United States, France, India, Malaysia, Mexico, the United Kingdom and Singapore. 

​ 

Back to all press releases
Facebook
Tweeter
LinkedIn