Home / Knowledge / News / Textiles / Initial share capital increase –a true success for Arkema

Initial share capital increase –a true success for Arkema

30
Apr '08
The success of the first share capital increase underlines the personnel's confidence in and commitment to Arkema's industrial project aimed at creating value over the long term. Some 4,000 employees from 19 countries have subscribed to 618,462 shares in total, thereby doubling the quota of employee shareholding to over 2%.

With the aim of involving its personnel in the Group's development, less than two years after its stock market listing, Arkema launched a share capital increase program reserved for its employees. The operation took place from March 25th to April 13th 2008, with a subscription price of € 30.42 per share, as fixed by the Board of Directors on March 4th 2008.

This price corresponds to the average of the opening market price at the Paris Bourse over the 20 trading days preceding the Board of Directors' meeting, minus a 20 % discount.

"This initial share capital increase has truly been a success, reflecting the confidence of Arkema's personnel in their Group and their commitment to its development strategy" comments Michel Delaborde, Arkema Executive Vice President Human Resources and Communication.

Following this operation, Arkema's share capital has increased to € 610,722,850 divided into 61,072,285 shares, and employee shareholding from 1 % to over 2 %.

A global chemical company and France's leading chemicals producer, Arkema consists of three strategically related businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reported sales of 5.7 billion euros in 2007.

Arkema


Interviews View All

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search