PR Newswire/Les Echos/
Bureau Veritas share split in four
Neuilly-sur-Seine, France, June 18, 2013 - The nominal value of Bureau Veritas
shares is to be divided by four on June 21, 2013. This stock split was preceded
by an increase in the share capital.
The Bureau Veritas share price has enjoyed sharp growth since its flotation,
rising 131% between October 24, 2007 (EUR 37.75) and June 17, 2013 (EUR 87.1).
This performance reflects the Group's rapid growth with a doubling in earnings
and near-doubling in revenue and headcount over 2007-2012. With the nominal
value split in four, the Bureau Veritas share price valuation will stand closer
to average share prices of listed companies in the Euronext Paris SBF 120
index. Bureau Veritas aims to continue diversifying and extending its
1- Increase in share capital by incorporation of sums levied on the issue
In compliance with the twenty-fifth resolution adopted by the Annual
Shareholders' Meeting on May 22, 2013 (General Meeting), the share capital of
Bureau Veritas was increased on June 12, 2013 by EUR 39,793,414.56, including:
* EUR 3,476.40 from the exercise between January 1 and June 10, 2013 of
28,970 stock options by their beneficiaries, and
* EUR 39,789,938.16 from the incorporation of sums levied on the issue
premium account by increasing by four (4) the nominal value of shares
making up the share capital, namely from EUR 0.12 to EUR 0.48.
Following these operations, the share capital of Bureau Veritas stands at
2- Nominal value of Bureau Veritas shares split by four
As an extension to this capital increase, in the twenty-sixth resolution the
General Meeting also approved a division by four of the nominal value of each
Bureau Veritas share, with effect from June 21, 2013.
The nominal value of the Bureau Veritas share is to be reduced from EUR 0.48
to EUR 0.12 and the number of outstanding shares is to be multiplied by four
to 442,110,424 compared with 110,527,606 previously.
Shareholders are therefore set to receive four new shares for one old one. The
Bureau Veritas share price is to be automatically split in four when the
Euronext Paris market opens on June 21, 2013.
This operation will have no impact for shareholders given that the value of
their portfolio will remain unchanged. The operation is to be undertaken with
no costs, formalities or loss of rights for shareholders.
Consequently, the maximum unit purchase price of EUR 200 (excluding acquisition
costs) and the maximum number of 11,049,863 ordinary own shares likely to be
acquired by Bureau Veritas under the framework of the share buyback programme
approved by the General Meeting in the thirteenth resolution are to be fixed at
respectively EUR 50 (excluding acquisition costs) and 44,199,452 ordinary
shares. The other conditions of the programme to buy back ordinary own shares
About Bureau Veritas
is a world leader in conformity assessment and certification services. Created
in 1828, the Group has close to 60,000 employees in 1,330 offices and
laboratories located in 140 countries. Bureau Veritas helps its clients to
improve their performances by offering services and innovative solutions in
order to ensure that their assets, products, infrastructure and processes meet
standards and regulations in terms of quality, health and safety, environmental
protection and social responsibility.
Bureau Veritas is listed on the Euronext Paris and belongs to the Next 20
index, Compartment A, code ISIN FR 0006174348, stock symbol: BVI).
Claire Plais: +33(0)1 55 24 76 09
Domitille Vielle: +33 (0)1 55 24 77 80 Véronique Gielec: +33 (0)1 55 24 76 01
Press release - June 18, 2013
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-0- Jun/19/2013 07:28 GMT
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