Two for one share split
14 May 2007 - Finances
The VINCI Ordinary and Extraordinary Meeting of Shareholders on 10 May 2007 approved, during the extraordinary session, a division by two of the nominal value of the company’s shares, and consequently the exchange of each of the current shares with a nominal value of €5 for two new shares with a nominal value of €2.50, with the same dividend rights.
This transaction will increase the market liquidity of the shares and improve access to them for new shareholders, and particularly individual private shareholders.
The division of the nominal value of the shares will take effect on 17 May 2007. At that date, the number of shares making up the parent company’s share capital will be multiplied by two and the shares will trade on the basis of a price that has been divided by two.
This transaction will be carried out without any costs or formalities and without any loss of rights for all VINCI shareholders.
VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.