Today 09/30/2016 - 05:35:16 PM
Peugeot SA 13.595€
CAC 40 4,448.26 PTS
On 26 September 2014, PSA Peugeot Citroën announced the launch of “Accelerate”, its first worldwide employee share plan.
The share issue was available to employees in 14 countries and the subscription period ran from 31 October to 17 November 2014.
More than 15,280 employees took part in “Accelerate”, with subscriptions amply exceeding the number of shares on offer, making the global employee share issue a resounding success.
“I'm delighted with the plan's popularity,” said Philippe Dorge, PSA Peugeot Citroën's Executive Vice President, Human Resources. “The participation of so many PSA employees is testimony to their confidence in both the company's recovery and the ‘Back in the Race’ strategic plan — confidence that reflects the fact that employees play a leading role in the reconstruction process. The plan’s success therefore shows that employees are pulling together to prepare the company's future.”
As a result of the “Accelerate” offering, 3,499,973 new company shares were issued today. The new shares will be listed as soon as possible on the Euronext Paris stock exchange, compartment A, on the same line as existing shares (ISIN Code: FR0000121501 UG). The company’s share capital now amounts to €786,588,648, represented by 786,588,648 shares.
The main terms and conditions of the “Accelerate” offering are described in the 26 September 2014 press release.