COLOMBES, France–(BUSINESS WIRE)–Regulatory Information:
Arkema (Paris:AKE) is finishing up one other capital improve reserved for Arkema Group’s present and former workers, in 31 international locations, together with France, representing round 99% of the Group’s workers. The subscription interval will happen from 16 September 2024 to 30 September 2024 inclusive.
FRAMEWORK AND RATIONALE OF THE OPERATION
The annual common assembly of 15 Might 2024 delegated its powers to the Board of Administrators for the aim of finishing up, in a single or a number of steps, for a most nominal quantity not exceeding €13.5 million, and inside a timeframe not exceeding 26 months, an issuance of shares reserved for the Group’s present and former workers, inside the framework of article L. 225-138-1 of the French Industrial Code and of article L. 3332-18 et seq. of the French Labor Code.
In accordance with this delegation of powers and as a way to reinforce the present relationship between the Group and its workers by giving them the opportunity of being extra intently linked to the Group’s future developments and efficiency, the Board of Administrators selected 15 Might 2024 to once more perform a capital improve reserved for the Group’s present and former workers as much as a most nominal quantity of €13.5 million, and to grant all powers to the Chairman and Chief Government Officer for the aim of carrying it out, specifically to find out the subscription worth and interval.
This capital improve is obtainable in France, Australia, Belgium, Brazil, Canada, China, Denmark, Egypt, Ireland, Germany, India, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Philippines, Poland, Romania, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, United Kingdom and the US, topic to native authorizations in a few of these international locations.
SECURITIES OFFERED
On 11 September 2024, the Chief Government Officer, via delegated authority of the Board of Administrators, set the subscription worth and interval:
- Subscription worth: €60.74. It is the same as 75% of the common of the opening costs of the Arkema share on the Euronext Paris S.A. market in the course of the twenty buying and selling days previous today, i.e. 75% of €80.99.
- Subscription interval: from 16 September 2024 to 30 September 2024 inclusive.
The utmost variety of shares which may be issued is 1.35 million, with a nominal worth of €10 every, i.e. a complete nominal worth of €13.5 million.
SUBSCRIPTION CONDITIONS
The beneficiaries of the reserved issuance are:
- the workers of the Group firms which have change into members of the Arkema Group’s Firm Financial savings Plan (hereinafter known as the PEG A) who meet a seniority requirement of at the least three months on the time of subscription; and
- retired workers or workers on early retirement who subscribed to the PEG A earlier than their employment actions ended, offered they’ve stored belongings within the PEG A and topic to relevant native regulation.
Sort of issuance: this issuance is carried out with out preferential subscription rights. The brand new shares shall bear proper as from their date of challenge, to any dividend distributed by Arkema as from that date.
Subscription ceiling: the beneficiaries have a person subscription ceiling equal to the counter-value of 750 discounted Arkema shares. As well as, the annual funds made by every beneficiary can’t exceed one quarter of gross annual remuneration. This ceiling takes under consideration the entire different funds that may be made by workers inside the framework of their Firm and/or the Group’s Financial savings Plans.
Lock-up relevant to the Arkema shares: pursuant to article L. 3332-25 of the French Labor Code, the present and former workers who’ve subscribed to the issuance should maintain their shares immediately or not directly, for a lock-up interval of 5 years (till 30 October 2029 included), until one of many early exit occasions set forth in articles L. 3324-10 and R. 3324-22 of the French Labor Code happens for workers residing in France. The foundations relating to the lock-up interval and launch which may be adjusted outdoors of France are set out within the native complement ready in every nation.
Furthermore, in France, workers could allocate the sums invested in 2024 of their Firm Financial savings Plan from the FCPE AMUNDI LABEL MONETAIRE ESR fund. Overseas, workers who subscribe to the capital improve will probably be allotted one free share for 4 subscribed shares inside the restrict of 25 shares. These shares will probably be issued pursuant to the twenty fourth decision adopted by the annual common assembly of 19 Might 2022.
SPECIAL NOTE REGARDING THE INTERNATIONAL OFFERING
This press launch doesn’t represent a proposal to promote or a solicitation to buy Arkema shares. The providing of Arkema shares reserved for workers will probably be carried out solely in international locations the place such an providing has been registered with the competent native authorities and/or following the approval of a prospectus by the competent native authorities or in consideration of an exemption of the requirement to arrange a prospectus or register the providing.
Extra usually, the providing will solely be carried out in international locations the place all required submitting procedures and/or session or info obligations with respect to organizations representing workers and/or notifications have been accomplished and the authorizations have been obtained. This press launch will not be destined for, and copies thereof shouldn’t be despatched to, international locations through which such a prospectus has not been accredited or such an exemption will not be accessible or the place the entire required submitting procedures and/or session or info obligations with respect to organizations representing workers and/or notifications haven’t been accomplished or the place the authorizations haven’t been obtained.
Constructing on its distinctive set of experience in supplies science, Arkema affords a portfolio of first-class applied sciences to handle ever-growing demand for brand new and sustainable supplies. With the ambition to change into a pure participant in Specialty Supplies, the Group is structured into 3 complementary, resilient and extremely revolutionary segments devoted to Specialty Supplies – Adhesive Options, Superior Supplies, and Coating Options – accounting for some 92% of Group gross sales in 2023, and a well-positioned and aggressive Intermediates phase. Arkema affords cutting-edge technological options to satisfy the challenges of, amongst different issues, new energies, entry to water, recycling, urbanization and mobility, and fosters a everlasting dialogue with all its stakeholders. The Group reported gross sales of round € 9.5 billion in 2023, and operates in some 55 international locations with 21,100 workers worldwide.
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Investor relations contacts
Béatrice Zilm
+33 (0)1 49 00 75 58
[email protected]
Peter Farren
+33 (0)1 49 00 73 12
[email protected]
Mathieu Briatta
+33 (0)1 49 00 72 07
[email protected]
Alexis Noël
+33 (0)1 49 00 74 37
[email protected]
Media Contact
Anne Plaisance
+33 (0)6 81 87 48 77
[email protected]
Supply: Arkema