Vallourec launches a reverse stock split - Seite 2

• Centralisation: all transactions relating to the reverse stock split will take place with BNP Paribas Securities Services, Grands Moulins de Pantin, 9 rue du Débarcadère, 93500 Pantin, France.

Pursuant to Articles L. 228-6-1 and R. 228-12 of the French Commercial Code, at the end of a period of 30 days from 25 May 2020, the new shares that could not be allocated individually and that correspond to rights forming fractional shares will be sold on the stock market by the account holders and the sums resulting from the sale will be allocated in proportion to the rights forming fractional shares of the holders of these rights.

The shares subject to the reverse stock split are admitted to trading on the regulated market Euronext Paris under ISIN code FR0000120354. The shares resulting from the reverse stock split will be admitted to trading on the regulated market of Euronext Paris under ISIN code FR0013506730.

Shareholders can access further explanations on this reverse stock split on Vallourec's website in the "Investors" section (accessible at the following link: https://www.vallourec.com/en/investors).

 

About Vallourec

Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec’s pioneering spirit and cutting edge R&D open new technological frontiers. With close to 19,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible.

Listed on Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the Deferred Settlement System (SRD), Vallourec is included in the following indices: SBF 120 and Next 150.

In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.

Calendar

May 13, 2020

Release of the first quarter of 2020 results

For further information, please contact:

Investor relations Jérôme Friboulet Tel: [phone] [e-mail]	Press relations Héloïse Rothenbühler Tél: [phone] [e-mail]
Individual shareholders Toll Free Number (from France): 0805 65 10 10 [e-mail]

 

Attachment

• _VLR Press Release 23 April 2020 - Reverse Stock Split vdef