Bouygues : Bouygues Confiance n°11 employee share ownership plan
October 10 2019 - 11:45AM
Bouygues : Bouygues Confiance n°11 employee share ownership plan
Bouygues Confiance n°11 employee share ownership
planPress release – Paris – 10/10/19
Bouygues has decided to launch a new leveraged
employee share ownership plan, “Bouygues Confiance n°11”. The plan
involves a capital increase of a maximum of €150 million (inclusive
of share premium) reserved for employees of French companies
belonging to the Group, to be effected via a dedicated mutual fund
(“FCPE”), the units in which are subject to a lock-up period of
five years except where early release is allowed under the law. The
effect will be the issuance of a maximum of 6,031,363 new Bouygues
shares at a subscription price of €24.87. The FCPE will exercise
the voting rights attached to the newly issued shares.
IN ACCORDANCE WITH PROVISIONS OF THE FRENCH
LABOUR CODE, THE SUBSCRIPTION PRICE IS EQUAL TO 70% OF THE AVERAGE
OPENING QUOTED MARKET PRICES OF THE SHARE ON THE TWENTY TRADING
DAYS PRECEDING THE DATE OF THE DECISION SETTING THE OPENING DATE OF
THE SUBSCRIPTION PERIOD. THE SUBSCRIPTION PERIOD WILL RUN FROM 15
NOVEMBER TO 2 DECEMBER 2019 INCLUSIVE.
THE NEW BOUYGUES SHARES TO BE ISSUED WILL RANK
FOR DIVIDEND FROM 1 JANUARY 2019. THEY WILL BE ADMITTED FOR TRADING
ON THE EURONEXT PARIS MARKET (ON THE SAME QUOTATION LINE AS
EXISTING BOUYGUES SHARES) AS SOON AS POSSIBLE AFTER COMPLETION OF
THE CAPITAL INCREASE, WHICH IS SCHEDULED FOR 20 DECEMBER 2019.
THIS PLAN GIVES BOUYGUES EMPLOYEES A STAKE IN
THE GROUP’S DEVELOPMENT AND PERFORMANCE OVER THE LONG TERM, AND
DEMONSTRATES YET AGAIN THE PROACTIVE APPROACH TO EMPLOYEE SHARE
OWNERSHIP WHICH IS A CORE COMPONENT OF THE GROUP’S CULTURE AND
VALUES.
ABOUT BOUYGUESBouygues is a
diversified services group with a strong corporate culture whose
businesses are organized around three sectors of activity:
Construction, with Bouygues Construction (building & civil
works and energies & services), Bouygues Immobilier (property
development) and Colas (roads); Telecoms, with Bouygues Telecom,
and Media, with TF1.
PRESS
CONTACT:PRESSE@BOUYGUES.COM - TEL. : +33 (0)1 44
20 12 01BOUYGUES SA - 32 AVENUE HOCHE - 75378 PARIS CEDEX 08 -
BOUYGUES.COM
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