RUBIS: Capital increase reserved for Group’s employees
13 Febrero 2024 - 10:45AM
RUBIS: Capital increase reserved for Group’s employees
Paris, 13 February 2024 - 5:45 pm
The Management Board, at its meeting of 5
January 2024, decided to make use of the authorization granted by
the Ordinary and Extraordinary Shareholders’ Meeting of 8 June
2023, 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 8 June
2023 in respect of capital increases reserved for employees, is
€700,000 (560,000 shares).
The subscription price, set at €15.71,
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 18 March
to 5 April 2024.
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 1
January 2024 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.
As of 31 December 2023, employees of the Group
held 1.74% of Rubis’ share capital through the Rubis Avenir mutual
fund.
Contact |
RUBIS – Legal department |
Tel: +(33) 1 44 17 95 95 |
- RUBIS: Capital increase reserved for Group’s employees
Rubis (EU:RUI)
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Rubis (EU:RUI)
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