Albioma Capital increase reserved for employees
Paris La Défense, 17 September 2020
Capital increase reserved for employees
Albioma announces the carrying out of a capital increase reserved for eligible employees and former employees of the Group, as from 21 September 2020.
As a reflection of its commitment to expand and, in the medium-term, establish a solid employee shareholding, the Group is hoping that this programme, which allows to indirectly invest in Albioma stock on preferential terms while also benefiting from a favourable tax regime, will ensure staff have a real stake in its future performance, by aligning their interests with those of shareholders.
The main terms of this programme are set out below.
Albioma, a limited liability company with a share capital of €1,216,676.35, with its registered office at 77 Esplanade du Général de Gaulle, 92081 Paris La Défense, and registered as number 775 667 538 with the Nanterre Trade and Companies Registry (hereinafter, the “Company”).
Listed on Euronext Paris (France), Compartment B.
ISIN Code: FR0000060402.
Purpose of the programme
This purpose of this programme is to give employees a stake in the Group’s results and future success by aligning their interests with those of shareholders. It allows eligible Group employees to directly invest in Albioma stock on preferential terms while also benefiting from a favourable tax regime.
Framework for the programme
Resolution 17 of the Company's Combined General Shareholders’ Meeting of 27 May 2019 empowered the Board of Directors to decide to issue shares and/or securities convertible to share capital, immediately or in the future, to members of company or group savings plans established jointly by the Company and French or foreign affiliates in accordance with the provisions of Article L. 225-180 of the French Commercial Code and Article L. 3344--1 of the French Labour Code, up to a maximum of 0.75% of the Company’s share capital.
Pursuant to these powers, at its 2 March 2020 meeting the Board of Directors resolved to issue, with waiving of preferential subscription rights in favour of members of the Albioma group savings plan established in accordance with Articles L. 3332-18 et seq. of the French Labour Code by the Company and its subsidiaries with registered offices in France, a maximum of 156,600 Company shares.
These shares may be subscribed via a pass-through mutual fund, called “FCPE Albioma Relais 2020”, that will be reserved for employees and former employees (retirees) of the Company and of its subsidiaries with registered offices in France that are eligible under the rules of the Albioma group savings plan.