Arkema Launches Its Ninth Capital Increase Reserved for the Group's Current and Former Employees [Yahoo! Finance]
ARKEMA S/ADR (ARKAY)
NASDAQ:AMEX Investor Relations:
arkema.com/en/investor-relations
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Source: Yahoo! Finance
Arkema (Paris:AKE) is carrying out another capital increase reserved for Arkema Group's current and former employees, in 31 countries, including France, representing around 99% of the Group's employees. The subscription period will take place from 16 September 2024 to 30 September 2024 inclusive. FRAMEWORK AND RATIONALE OF THE OPERATION The annual general meeting of 15 May 2024 delegated its powers to the Board of Directors for the purpose of carrying out, in one or several steps, for a maximum nominal amount not exceeding €13.5 million, and within a timeframe not exceeding 26 months, an issuance of shares reserved for the Group's current and former employees, within the framework of article L. 225-138-1 of the French Commercial Code and of article L. 3332-18 et seq. of the French Labor Code. In accordance with this delegation of powers and in order to reinforce the existing relationship between the Group and its employees by giving them the possibility of being more closely li
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