ENGIE to accompany the placement launched by the French State
05/09/2017News
Download the press release as of September 5, 2017
ENGIE wishes to accompany the sale of shares launched this evening by the French State as part of its share buyback program authorized by the General Meeting of May 12, 2017 and therefore undertook to acquire, concurrently to the placement with institutional investors through an accelerated bookbuilding process and subject to its realization, 11.1 million of its own shares (i.e. 0.46% of the capital of ENGIE).
The acquisition of its own shares by ENGIE will occur at the price per share that will result from the accelerated institutional placement procedure implemented by the French State.
These shares will be allocated to employee savings schemes planned by the group to involve employees as much as possible in the transformation of the Group, which will also limit the dilution associated with this type of transaction.