Allocation of 1 new share for every 10 shares held
At its meeting of 5 May 2014, the Board of Directors of AKKA Technologies decided to issue 1,523,226 new ordinary shares allocated free of charge to shareholders at the rate of 1 new share for every 10 AKKA Technologies shares held, representing 10% of share capital before issue. The purpose of the allocation is both to reward the loyalty of shareholders and to increase liquidity.
The new shares will be subject to a request for admission to trading on Euronext Paris.
The allocation of the new shares is expected to take place, for indicative purposes, by 22 May 2014 at the latest. Shareholders or investors who wish to benefit from this allocation of bonus shares should execute their purchase order by 12 May 2014 at the latest.
The new shares will rank pari passu with existing shares, and shall be fully fungible (same voting, dividend and loyalty bonus rights) with the shares from which they are derived. Fractional rights shall not be tradeable; therefore, if the number of shares held is not a multiple of the allocation ratio set for the transaction, the shareholder shall receive the cash portion of the share that cannot be allocated free of charge.
Next releases:
Q1 2014 revenue, on 15 May 2014 after trading.
Interim 2014 revenue, on 29 July 2014 after trading.
Interim 2014 results, on 18 September 2014 before trading.
AKKA Technologies is a European Engineering and Technology Consulting Group that supports large manufacturing and tertiary services companies, seeing their projects through from the initial studies and R&D to large-scale production. AKKA Technologies is an expert in various complementary business lines, and brings real value added to customers in sectors including aerospace, automotive, space/defence, consumer electronics, telecommunications, chemicals, pharmaceuticals, steel, energy, rail, marine and service industries.
AKKA Technologies is the leader in the automotive and aerospace sectors in Germany and France, and, thanks to the mobility of its staff and its international positioning, collaborates on state-of-the-art technology projects around the world.
The AKKA Technologies Group has nearly 11,000 employees and operates in 20 countries, including Belgium, Canada, China, Czech Republic, France, Germany, Hungary, India, Italy, Morocco, Netherlands, Romania, Russia, Spain, Switzerland, Tunisia, Turkey, UAE, UK and US.
AKKA Technologies is listed on Euronext Paris TM - Segment B, ISIN code FR0004180537.
CAC® Small, CAC® Mid & Small, CAC® All-Tradable, CAC® All-Share indices
For more information, please visit www.akka.eu
This press release has been prepared in accordance with the requirements of Article 212-5, para 5 of the
General Regulation of the Autorité des Marchés Financiers (AMF), and does not constitute a public offering of financial securities, or an offer to sell, purchase or subscribe for shares or other securities of AKKA Technologies within the meaning of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 as amended by Directive 2010/73/EU of 24 November 2010 (together, the "Prospectus Directive”).
In case of discrepancy between the French and English versions of this press release, only the French version should be deemed valid.
Akka Technology contacts
Actus contacts
Nicolas Valtille
Group CFO
Tel.: +33 4 7892 6083
finances@akka.eu
Amalia Naveira
Analyst/Investor Relations
Tel.: +33 4 7218 0497
anaveira@actus.fr
Dov Lévy
Investor Relations & Corporate Development
Tel.: +33 1 5669 2652
dov.levy@akka.eu
Marie-Claude Triquet
Press Relations
Tel.: +33 4 7218 0493
mctriquet@actus.fr
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