This document is a translation of the original French document and is provided for information purposes only.
The original French version takes precedence over this translation
Paris, May 18, 2017 at 6:35 pm
Press release regarding ongoing information
Rubis had announced, on February 1, 2017, a capital increase reserved for eligible employees of the companies belonging to the Corporate Savings Plan, Rubis Avenir. Rubis announcedon February 1 2017, a capital increase reserved for eligible employees of the companies belonging to the Corporate Savings Plan, Rubis Avenir. The maximum nominal amount authorized by the shareholders at the June 5th, 2015 meeting was €700,000 (280,000 Rubis shares), from which was deducted the amount of €161,610 (64 644 Rubis shares) used for the capital increase reserved for the Group`s employees of 2016.
Therefore, the 2017 capital increase was limited to a maximal nominal value of €538,390 equivalent to 215,356 Rubis shares.
The subscription price had been set at €61.40, which, pursuant to Article L 3332-19 of the French Labor Code, represents 80% of the average of the opening rates quoted during the 20 trading days preceding the decision of the Board of Management of January 2, 2017.
The subscription period was extended from March 20 to April 7, 2017.
The funds invested into Rubis shares through FCPE Rubis Avenir will be available at the end of a 5-year lock-up period, except in the case of an early release.
At the end of the subscription, Rubis confirmed that 614 employees, or 68.76% of the eligible employees, thus subscribed to the capital increase, in the amount of €5,462,942.20.
88,973 new shares (or 0.19% of outstanding shares) were issued on May 17, 2017.
The new shares are eligible for dividends as of January 1, 2017 and are considered to be of the same rank as existing shares. Their acceptance for trading on the Euronext Paris market was requested as from their issuance, on a second listing line, in comparison with the existing shares.
At the end of this transaction, the share capital of Rubis was brought up to €114,044,390, divided into 45,617,756 shares, with a nominal value of €2.50.
This press release constitutes the regulated information required pursuant to articles 212-4 5° and 212-5 6° of the AMF General Regulation and article 14 of instruction 2005-11 of December 13, 2005, issued as a press release in accordance with the Article 221-3 of the AMF General Regulation.
***
Download
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RUBIS via GlobeNewswire
HUG#2106104