PR Newswire/Les Echos/ PRESS RELEASE 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 shareholder base. 1- Increase in share capital by incorporation of sums levied on the issue premium account 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 EUR 53,053,250.88. 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 remain unchanged. About Bureau Veritas 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). www.bureauveritas.com Contacts Analysts/Investors: Press: 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 email@example.com firstname.lastname@example.org Press release - June 18, 2013 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication. -0- Jun/19/2013 07:28 GMT
Bureau Veritas share split in four
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