(CercleFinance.com) – Vallourec today announces the successful completion of the ‘Vallourec Invest 2023’ employee shareholding offer.
Vallourec announces that 5,115 Group employees in France, Brazil and the United States have chosen to participate in ‘Vallourec Invest 2023’ and subscribe to Vallourec shares with a 20% discount and a matching contribution. ‘This represents almost one in two eligible employees’, underlines the company.
This offer reflects Vallourec’s desire to involve employees in the creation of value in recognition of the progress made to date in the deployment of the New Vallourec Plan.
It results in the creation of 490,101 new shares (i.e. 0.21% of Vallourec’s capital) and brings the number of shares making up the capital to 237,271,828 as of December 13, 2023.