Rexel launches a new employee share purchase plan in 15 countries
Rexel, a global leader in the distribution of electrical supplies, announces the launch of a new employee share purchase plan, entitled Opportunity13, through which its employees will have the opportunity to acquire shares in the company by participating in a capital increase under preferential conditions.This offering will be open to over 80 % of the Group’s employees, covering 15 countries (1). In most of the eligible countries, subscription will be through employee shareholding funds (“fonds communs de placement d’entreprise”, or “FCPE”) which received approval from the “Autorité des Marchés Financiers” (“AMF”) on June 13, 2013. In most of these countries, the documentation related to the “Opportunity 13” employee offering is available online, and in 12 of these countries, employees will also be able to subscribe online. The conditions applicable to subscriptions are detailed below.
> Download press release for 14 countries ( Austria excluded)
> Download press release for Austria
Eligible employees will be able to purchase shares at a price of € 14.34 (2) per share, corresponding to a subscription price equal to 80% of the average of the opening prices of the Rexel share on the Euronext Paris stock exchange over the 20 trading days preceding September 3rd, 2013, or the date Rexel’s Management Board decided to proceed with the offering. The subscription period of Opportunity13 will begin on September 11 and end on September 30, 2013 (inclusive).
This new employee share purchase plan is the fourth such plan launched by Rexel following those offered in 2007, 2010 and 2012. Opportunity13 is part of the continuation of Rexel’s company project named Energy in Motion, which places employees at the heart of the strategy of the Group by offering them the possibility to be closely associated with the company’s performance by increasing their stake in Rexel’s share capital.
(1) A specific offer will be made in the United Kingdom, the terms and conditions of which are described below.
(2) Except in the United States (please refer to the key terms and conditions of the offering provided below).