ECULLY, France–(BUSINESS WIRE)–Regulatory News:
Groupe SEB (Paris:SK) announces the barrage of a new agent allotment buying plan which will acquiesce collaborators to subscribe to a basic acceptance aloof on best terms. This agent allotment buying plan will awning added than 30 countries area the Accumulation is present and absorb 20,000 collaborators.
At the end of a actual acknowledged 2018, the Accumulation wishes to accede the charge and above addition of its teams to advance its transformation (integration of new brands, all-embracing growth, digitalization of activities) and accord its advisers the befalling to abutment it in its cardinal projects, in an equity-based way.
The plan, advantaged “Horizon 2019”, will abide of a distinct cable blueprint accepted as “classic” for the Company’s shares, through a Fonds Commun de Placement d’Entreprise (FCPE – Aggregation alternate fund) or in the anatomy of a absolute cable and captivation of SEB SA shares, depending on the authoritative and tax constraints in the countries area the action will be implemented. The agreement and altitude of the agent allotment buying plan are abundant in the addendum to this columnist release.
” As a avant-garde in the accomplishing of profit-sharing, Groupe SEB wishes to abide to absorb its collaborators to its achievement and development, with a abiding perspective. This new agent allotment buying plan will accredit them to strengthen their abode in the basic alongside the actual shareholders,” said Thierry de La Tour d’Artaise, Chairman and Chief Executive Officer of Groupe SEB.
TERMS AND CONDITIONS
SEB S.A. (hereinafter the “Company”)Head office: 112 Chemin du Moulin Carron, Campus SEB, 69130 EcullyShare capital: 50,169,049 euros disconnected into 50,169,049 shares as at May 22, 2019RCS Lyon 300 349 636Euronext Paris (France)Ordinary allotment ISIN code: FR 000012171709
FRAMEWORK OF THE PLAN – SECURITIES OFFERED
The Company’s shareholders, affair on May 22, 2019 in a accumulated accepted meeting, delegated to the Board of Directors the ascendancy to adjudge to acceptance the Company’s allotment basic on one or added occasions, up to a best nominal bulk of 501,690 euros, by arising a best of 501,690 new shares with a par amount of one euro each, or added balance giving acceptance to the Company’s allotment capital, aloof for advisers of the Aggregation and French and adopted companies affiliated to it beneath the altitude of Articles L. 225-180 of the French Commercial Code and L. 3344-1 of the French Labour Code, associates of a Accumulation aggregation accumulation plan in accordance with the 23rd resolution.
In accordance with this delegation, on May 22, 2019, the Board of Directors absitively in assumption to affair accustomed shares to advisers accommodating in a Accumulation aggregation accumulation plan at a cable amount bent in accordance with the accoutrement of Articles L. 3332-18 et seq. of the French Labour Code, accountable to a discount, bent the basic characteristics and delegated to the Chairman and Chief Executive Officer of the Aggregation the admiral all-important for the accomplishing of the Plan.
The Board of Directors or the Chairman and Chief Executive Officer, aloft appointment by the Board, will accept the final agreement and altitude of the transaction on June 4, 2019; in particular, it will set the cable amount of the new shares on that date, which will be according to the Advertence Amount beneath a 20% discount.
In accordance with the accoutrement of Article L. 3332-19 of the French Labor Code, the Advertence Amount will be according to the boilerplate of the SEB allotment prices on the Euronext Paris bazaar during the twenty (20) trading canicule above-mentioned the date of the accommodation ambience the cable price.
The best cardinal of SEB SA shares that may be issued beneath this action is 501,690 with a par amount of 1€ anniversary (corresponding to a best basic acceptance of €501,690).
INDICATIVE TIMETABLE FOR THE PLAN
The acceptance of the new SEB shares to trading on Euronext Paris (ISIN Code: FR 0000121709) on the aforementioned band as the absolute shares will be requested as anon as accessible afterwards the achievement of the basic acceptance appointed for July 23, 2019.
This columnist absolution does not aggregate an action to advertise or a address to subscribe for SEB shares. The action of SEB shares aloof for advisers will be fabricated alone in countries area such an action has been registered or notified to the competent bounded authorities and/or afterward the approval of a announcement by the competent bounded authorities, or in application of an absolution from the obligation to adapt a announcement or to annals or acquaint the offer.
Added generally, the action will alone be fabricated in countries area all appropriate allotment procedures and/or notifications accept been completed and the all-important authorizations accept been obtained.
The Shares accept not been and will not be registered beneath the US Balance Act of 1933.
For any catechism apropos to this offer, beneficiaries may acquaintance their Human Resource Manager and/or any added actuality as defined in the abstracts provided to beneficiaries.
This columnist absolution is the advice certificate appropriate by Article 212-4 5° of the AMF Accepted Regulation and Article 14 of AMF Instruction 2016-04 of January 15, 2018.
Change of date
Please agenda that, afterward a change in the agenda of the Board of Directors, the advertisement date of the 9-month sales and banking advice has been modified. Initially appointed on 24 October, it has been adjourned to 29 October 2019.
Below is our adapted banking advice calendar.
Find us on… www.groupeseb.com
World advertence in baby calm equipment, Groupe SEB operates with a different portfolio of 30 top brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, marketed through multi-format retailing. Selling added than 350 actor articles a year, it deploys a abiding action focused on innovation, all-embracing development, competitiveness and account to clients. With articles actuality present in over 150 countries, Groupe SEB generated sales of about €6,8 billion in 2018 and had added than 33,000 advisers worldwide.
SEB SA – N° RCS 300 349 636 RCS LYON – with a allotment basic of €50,169,049 – Intracommunity VAT: FR 12300349636
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