Shareholding Information
Capital and shareholders
Following the reverse stock split finalized on May 25, 2020, and the completion of the reduction of the nominal value of the shares effective from May 26, 2020, the Company’s capital is now divided into 231,777,627 shares with a nominal value of €0.02 each.
Share capital – 2023 (as at December 31)
| Shareholders | Ordinary shares | Preferred shares | % of share capital |
| Public | 163,180,591 | 68.77% | |
| Apollo | 65,243,206 | 27.50% | |
| Employees | 1,345,605 | 6,482,631 | 3.30% |
| Treasury shares | 107,688 | 912,127 | 0.43% |
| Total | 229,877,070 | 7,394,758 | 100% |
Shares and voting rights
Month-by-month information on the total number of voting rights and shares that constitute the share capital. Article 223-16 of the General Regulations of the Autorité des Marchés Financiers (French market authority).
The number of theoretical (or gross) voting rights is used as a basis for calculating threshold crossings; it includes the voting rights attached to non-voting shares (treasury shares, liquidity agreements, etc.). See AMF 17 July 2007 note and article L.233-7 of the French code of commerce.
By-Laws
Crossing of statutory thresholds
(Excerpt from By-laws, article 8, following the Extraordinary General Meeting of 1 June 2006)
In addition to the declarations of crossing thresholds expressly provided by Articles L. 233-7-I and II of the French Code de Commerce, any shareholder (individual or corporate body) that acquires, directly or indirectly by means of companies controlled by the shareholder within the meaning of Article L. 233-3 of the French Code de Commerce, acting singly or jointly, a number of the Company’s bearer shares equal to or greater than three (3), four (4), six (6), seven (7), eight (8), nine (9) and twelve and half (12.5) per cent of the total number of shares making up the share capital must, within five (5) trading days of crossing said threshold, inform the Company of the total number of shares it holds, by letter sent by recorded delivery with advice of receipt to the Company’s registered office.
Dividends
the annual shareholders’ meeting on 23 May 2024 approaved the allocation of income from the 2023 fiscal year. No dividend will be issued from the 2023 fiscal year.
Become a Shareholder
Becoming a shareholder grants you certain rights:
- Right to dividends: The dividend is the part of the company’s net profit that is distributed to shareholders.
- Right to information: The company must, at regular intervals, inform its shareholders about its financial situation as well as any important news that could cause the share price to fluctuate.
- Right to vote: Each share includes a right to vote that the shareholder can exercise in order to pronounce his/her opinion on resolutions that are proposed at annual general meetings.
- Right to participate in capital transactions: Shareholders have a preferential right to subscribe to shares or to be allocated shares in the case of transactions involving the company’s capital, unless this right has been withdrawn by a decision made at the annual general meeting.
Several ways to become a shareholder:
Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service.
There are several ways to become a Vallourec shareholder:
- Buy Vallourec shares from a bank or from the depositary financial intermediary of your securities account or equity savings plan (plan d’épargne en actions or PEA). It is possible to hold shares as bearer shares or to keep them in a managed registered account.
- Buy shares from BNP Paribas Securities Services, which manages Vallourec’s shareholding services (it is possible to hold shares in fully registered form).
To learn more about the different ways to hold Vallourec shares, please consult the page “Registered Shares.”
Vallourec ADR
Vallourec ADR
Sponsored ADR program in the United States
ADRs have been issued to allow American investors to buy Vallourec shares even though the group is not listed on the American stock market. An ADR (American Depositary Receipt) is an American negotiable security that represents shares of a company listed outside of the United States. It allows American investors to hold shares indirectly and to trade them on the securities markets.
Vallourec has engaged the bank JPMorgan to issue ADRs that represent Vallourec shares with dividends and voting rights included. As the depositary bank, JPMorgan is required to distribute the dividends in U.S. dollars and facilitate voting participation for ADR holders.
Vallourec ADRs have been trading on the American over-the-counter (OTC) market since 4 October 2010.
The financial information and listing are available on http://www.otcmarkets.com.
Contact info for ADR shareholders
General: (800) 990-1135
For calls outside the USA: (651) 453-2128
> The EQ Shareowner online form
> For more information click here
JPMorgan Service Center
JPMorgan Chase & Co
P.O. Box 64504
St. Paul, MN 55164-0504
USA
| Ratio | 1 Vallourec share is represented by 5 ADRs |
| Listing location | New York |
| Market | OTC - ISIN: US92023R4074 |
| Codes | Ticker symbol: VLOWY - CUSIP no.: 92023R407 |
| Depositary bank | JP Morgan Chase Bank |
