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Verallia: 7th edition of employee shareholding offer was a success

Post Time:Jul 05,2022Classify:Company NewsView:988

Verallia, the world’s third largest producer of glass packaging for food and beverages, has successfully completed its seventh employee shareholding offer.

At the close of business on June 23, 2022, more than 3,200 employees, or 41 percent of eligible employees in 8 countries, had invested in the Group, benefiting from an attractive unit subscription price of EUR 21.22. The total investment of the Group’s employees (including the Company’s contribution) amounts to nearly EUR 13 million.

At closing, 611,445 new ordinary shares, representing 0.5 percent of the share capital and voting rights, were issued by the Company. As in previous years, in order to neutralize the dilutive effect of this operation, the Company proceeded at the same time to a capital reduction by cancellation of 611,445 treasury shares acquired under the share buyback program.

In just seven years, these operations have already enabled more than 45 percent of employees to become Verallia shareholders, directly and through the Verallia FCPE, as part of the successive offers reserved for them. Employees now hold 4.1 percent of the Company’s capital.

“Verallia’s success also depends on the Group’s commitment to its employees,” said Patrice Lucas, CEO of Verallia. “Their strong mobilization for this seventh edition measures our mutual trust and confirms the orientations of our roadmap, which carries strong CSR ambitions. We are aiming for a 5 percent employee shareholding rate by 2025: by renewing this operation every year, we are enabling all the Group’s employees to become involved at their level and to play a part in Verallia’s profitability.”

Source: glassonlineAuthor: shangyi

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