COLOMBES, France--(BUSINESS WIRE)--Oct. 30, 2024--
Regulatory News:
Over 40% of Group employees took part in the 9th share capital increase reserved for them, confirming their strong commitment and their confidence in the Group's development prospects. Total subscriptions (1) amounted to €62 million and the new Arkema (Paris:AKE) shares represented 1.3% of the share capital on completion of the operation.
Arkema finalized a share capital increase reserved for employees on 30 October 2024, the ninth such operation since its stock market listing 18 years ago.
This operation was again a great success, with 8,694 subscriptions (1) registered in 31 countries totaling €61.8 million and representing a 41% average employee participation rate across the Group.
Following this operation, all employees and former employees will hold around 9% of the share capital, thereby consolidating Arkema's position among French listed companies with one of the highest employee shareholder rates.
The new Arkema shares, representing 1.3% of the share capital on completion of the operation, are fully assimilated to the existing shares and will be entitled to the dividend payment in 2025.
(1) Group employees and eligible retired former French employees
Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials - Adhesive Solutions, Advanced Materials, and Coating Solutions - accounting for some 92% of Group sales in 2023, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around € 9.5 billion in 2023, and operates in some 55 countries with 21,100 employees worldwide.
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Investor relations
Béatrice Zilm +33 (0)1 49 00 75 58 beatrice.zilm@arkema.com
Colombe Boiteux +33 (0)1 49 00 72 07 colombe.boiteux@arkema.com
Alexis Noël +33 (0)1 49 00 74 37 alexis.noel@arkema.com
Media:
Anne Plaisance +33 (0)6 81 87 48 77 anne.plaisance@arkema.com
Source: Arkema
