Lafarge launches a share capital increase for employees
Lafarge announces a share capital increase reserved for the eligible employees of companies participating in the Lafarge Group Savings Plan.
This transaction, which is in line with the Group employees’ shareholding development policy, will encompass approximately 60 countries (out of the 79 countries where Lafarge is present). It aims to associate employees even more closely with the Group’s development and results and to strengthen the bond between Lafarge and its worldwide employees by allowing them to hold part of its share capital.
The subscription price for the shares has been fixed at 48.8 Euros. A maximum number of 5.75 million shares with a par value of 4 Euros will be issued as a result of the share capital increase. The subscription period will take place from October 15 until November 9, 2009, included. The settlement-delivery of the shares is expected to occur on December 11, 2009.
The new shares will carry entitlement to dividend as of January 1, 2009 and will be assimilated to the existing shares. The admission to trading of these shares on Euronext Paris SA market, on the same listing line as the existing shares, will be requested immediately after their issuance.
The shares subscribed by the employees will be blocked until December 10, 2014 (included), except occurrence of an early unblocking event. Published under Cement News
