Download the file. - Groupe Seb
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AIRBAKE ALL-CLAD ARNO ASIAVINA CALOR CLOCK IMUSA KRUPS LAGOSTINA MAHARAJA WHITELINE MIRRO<br />
MOULINEX PANEX PENEDO REGAL ROCHEDO ROWENTA SAMURAI SEB SUPOR TEFAL T-FAL UMCO WEAREVER<br />
Communiqué de presse<br />
11 September 2012<br />
Capital increase reserved for employees of <strong>Groupe</strong> SEB<br />
On July 25 , 2012, <strong>Groupe</strong> SEB announced <strong>the</strong> principle to carry out an employee share offering. This press<br />
release aims at specifying certain characteristics of <strong>the</strong> capital increase reserved for employees of <strong>the</strong> Group.<br />
ISSUER<br />
SEB S.A. (hereafter, <strong>the</strong> “Company”)<br />
Headquarters: Les 4M, Chemin du Petit-Bois, 69130 Écully, France<br />
Share capital: 49 951 826 Euros held in 49 951 826 shares as of December 31, 2011<br />
Registration number: RCS Lyon 300 349 636<br />
Compartiment A – NYSE Euronext Paris (France)<br />
Common share ISIN code: FR 0000121709<br />
PURPOSE OF THE OFFERING<br />
This employee share offering will cover approximately 30 countries in which <strong>the</strong> Group is present.<br />
Through this offering, <strong>Groupe</strong> SEB wishes to more closely associate its employees, in France and abroad, to <strong>the</strong><br />
development and performance of <strong>the</strong> Group.<br />
The offering, entitled “Horizons 2012”, will consist of a unique subscription formula, called “classic”, of<br />
Company’s shares, via <strong>the</strong> intermediary of an FCPE, or via <strong>the</strong> direct holding of SEB S.A shares, as a result of<br />
<strong>the</strong> regulatory and fiscal limitations in <strong>the</strong> countries where <strong>the</strong> offering will be carried out.<br />
TYPE OF PLAN - OFFERED SECURITIES<br />
Shareholders of <strong>the</strong> Company, having met on May 10, 2012 at <strong>the</strong> Mixed General Assembly,<br />
delegated to <strong>the</strong> Board of Directors <strong>the</strong> ability to decide to increase <strong>the</strong> share capital of <strong>the</strong><br />
Company, one or more times, up to a maximum nominal limit of 499,518 new shares with a nominal<br />
value of one euro, or o<strong>the</strong>r securities giving access to capital of <strong>the</strong> Company, reserved for<br />
employees of <strong>the</strong> Company and French and foreign subsidiaries of <strong>the</strong> Company who are linked<br />
<strong>the</strong>reto within <strong>the</strong> meaning of Articles L.225-180 of <strong>the</strong> French Commercial Code and L.3344-1 of <strong>the</strong><br />
French Labour Code, and who are member to a company group savings plan.<br />
In accordance with this delegation, <strong>the</strong> Board of Directors met on June 15, 2012 and decided on <strong>the</strong> principle<br />
of issuing ordinary shares to <strong>the</strong> benefit of employees who are member to a Group savings plan at a<br />
subscription price to be determined pursuant to <strong>the</strong> provisions of Articles L. 3332-18 e seq. of <strong>the</strong> French<br />
Labour Code, which could also include a discount. In this meeting <strong>the</strong> Board set <strong>the</strong> main characteristics of <strong>the</strong><br />
offering and delegated to <strong>the</strong> Company’s Chief Executive Officer <strong>the</strong> powers necessary for <strong>the</strong> implementation<br />
of <strong>the</strong> offering.<br />
GROUPE SEB <br />
DIRECTION DE LA COMMUNICATION FINANCIERE<br />
Chemin du Petit Bois I BP 172 - 69134 ECULLY Cedex France I T.+33 (0)4 72 18 16 40 • Fax +33 (0)4 72 18 15 99<br />
Société par Actions Simplifiée au capital de 806 400 € I 016 950 842 R.C.S Lyon I T.V.A FR 94016950842
According to <strong>the</strong> projected time line, <strong>the</strong> Board of Directors, or <strong>the</strong> Chief Executive Officer upon delegation by<br />
<strong>the</strong> Board, will decide on <strong>the</strong> final terms of <strong>the</strong> offering on September 17, 2012; notably, at this date, <strong>the</strong>y will<br />
establish <strong>the</strong> subscription price for <strong>the</strong> new shares to be issued, which will be equal to <strong>the</strong> Reference Price<br />
minus a 20% discount.<br />
In accordance with <strong>the</strong> provisions of Article L. 3332-19 of <strong>the</strong> French Labor Code, <strong>the</strong> Reference Price is equal<br />
to an average of <strong>the</strong> share prices of <strong>the</strong> SEB share on <strong>the</strong> compartment A of NYSE Euronext Paris during <strong>the</strong><br />
twenty (20) trading days preceding <strong>the</strong> decision date setting <strong>the</strong> subscription price.<br />
The maximum number of SEB S.A. shares that may be issued within <strong>the</strong> framework of this offering may not<br />
exceed 499,518 shares (corresponding to a maximum capital increase of 499,518 Euros of nominal value).<br />
CONDITIONS OF THE SUBSCRIPTION<br />
• Beneficiaries of <strong>the</strong> share offering reserved for employees: <strong>the</strong> beneficiaries of <strong>the</strong> offering are (i) <strong>the</strong><br />
employees and corporate officers, within <strong>the</strong> meaning of Article L.3332-2 of <strong>the</strong> French Labour Code,<br />
of companies of <strong>Groupe</strong> SEB who are members of <strong>the</strong> Group Savings Plans, French or International as<br />
<strong>the</strong> case may be regardless of <strong>the</strong> nature of <strong>the</strong>ir employment contract (fixed or indefinite term<br />
length, full or part time employment) and that are able to justify a three-month seniority by <strong>the</strong> end of<br />
<strong>the</strong> subscription period, and (ii) those who are retired or have taken early retirement from French<br />
companies of <strong>the</strong> Group and who have kept assets within <strong>the</strong> France Group Savings Plan since <strong>the</strong>ir<br />
departure from <strong>the</strong> Group.<br />
• Companies within <strong>the</strong> scope of <strong>the</strong> offering:<br />
• The SEB S.A. company, and<br />
• Companies of <strong>Groupe</strong> SEB, whose headquarters are located in France or abroad, that will have<br />
become member to <strong>the</strong> Group Savings Plan (France or International) of <strong>Groupe</strong> SEB.<br />
• Terms and conditions of <strong>the</strong> subscription: <strong>the</strong> shares will ei<strong>the</strong>r be subscribed to directly or through<br />
an FCPE (Fonds Commun de Placement d’Entreprise), in accordance with applicable regulatory and/or<br />
tax legislation in <strong>the</strong> various countries of residence of <strong>the</strong> capital increase beneficiaries.<br />
• Subscription formula: employees will be able to subscribe to SEB shares within <strong>the</strong> framework of a<br />
unique formula called “classic”; <strong>the</strong> employee will benefit from a matching contribution from <strong>the</strong>ir<br />
employer under <strong>the</strong> terms and conditions set forth in <strong>the</strong> documentation relative to <strong>the</strong> offering that<br />
will be provided to <strong>the</strong>m. The matching contribution will comprise of additional SEB shares granted to<br />
employees that will be taken from treasury shares held by <strong>the</strong> Company.<br />
• Subscription Limit: annual payments by beneficiaries of <strong>the</strong> offering into <strong>the</strong> Group Savings Plan<br />
(France or International) may not exceed a quarter of <strong>the</strong>ir annual gross remuneration for 2012<br />
pursuant to Article L.3332-10 of <strong>the</strong> French Labour Code, and subject to any constraints resulting from<br />
local regulation.<br />
• Lock up period applicable to <strong>the</strong> SEB shares or to <strong>the</strong> corresponding FCPE units: <strong>the</strong> subscribers to<br />
<strong>the</strong> offer shall hold ei<strong>the</strong>r <strong>the</strong> shares subscribed to directly, or <strong>the</strong> corresponding units of <strong>the</strong> FCPEs,<br />
during a five-year period beginning from <strong>the</strong> date of <strong>the</strong> capital increase, except in <strong>the</strong> event of an<br />
authorized early exit.<br />
• Exercising voting rights attached to <strong>the</strong> shares: when shares are subscribed to, <strong>the</strong>n held, via <strong>the</strong><br />
intermediary of an FCPE, voting rights attached to <strong>the</strong>se shares will be exercised by <strong>the</strong> relevant FCPE<br />
Supervisory Board; when shares are subscribed to directly by employees, voting rights will be<br />
exercised individually by <strong>the</strong> relevant employees.<br />
EXPECTED TIMELINE OF THE OFFERING<br />
• Subscription period: from September 19 (inclusive) to October 5, 2012 (inclusive)<br />
• Determination of <strong>the</strong> subscription price: September 17, 2012<br />
• Settlement-delivery of <strong>the</strong> offering: expected for November 15, 2012<br />
GROUPE SEB <br />
DIRECTION DE LA COMMUNICATION FINANCIERE<br />
Chemin du Petit Bois I BP 172 - 69134 ECULLY Cedex France I T.+33 (0)4 72 18 16 40 • Fax +33 (0)4 72 18 15 99<br />
Société par Actions Simplifiée au capital de 806 400 € I 016 950 842 R.C.S Lyon I T.V.A FR 94016950842
LISTING<br />
The request to list <strong>the</strong> newly-issued SEB shares to trading on <strong>the</strong> same line of NYSE Euronext Paris (ISIN code:<br />
FR 0000121709) as <strong>the</strong> existing shares will be made as soon as possible following <strong>the</strong> completion of <strong>the</strong> capital<br />
increase scheduled to take place on November 15, 2012.<br />
SPECIAL NOTE REGARDING THE INTERNATIONAL OFFERING<br />
This press release does not constitute an offer to sell or a solicitation of offers to subscribe to SEB shares. The<br />
offering of SEB shares reserved for employees will be conducted only in countries where such an offering has<br />
been registered with or notified to <strong>the</strong> competent local authorities and/or following <strong>the</strong> approval of a<br />
prospectus by <strong>the</strong> competent local authorities or in consideration of an exemption of <strong>the</strong> requirement to<br />
prepare a prospectus or to proceed to a registration or notification of <strong>the</strong> offering.<br />
More generally, <strong>the</strong> offering will only be conducted in countries where all required filing procedures and/or<br />
notifications have been completed and <strong>the</strong> required authorizations have been obtained.<br />
EMPLOYEE CONTACT<br />
For all questions regarding this offering, <strong>the</strong> beneficiaries may address <strong>the</strong>ir Human Resources contact person<br />
and/or any o<strong>the</strong>r person specified in <strong>the</strong> documentation submitted to employees.<br />
This press release constitutes <strong>the</strong> information document required pursuant to Article 212-4 5° of <strong>the</strong> general regulations of<br />
<strong>the</strong> AMF and Article 14 of AMF 'instruction n° 2005-11 dated December 13, 2005.<br />
Investisseurs / Analystes<br />
<strong>Groupe</strong> SEB<br />
Direction de la Communication Financière<br />
Isabelle Posth<br />
BP 172<br />
69134 Ecully cedex<br />
Tél : 33 (0) 4 72 18 16 40<br />
comfin@groupeseb.com<br />
Presse<br />
Image Sept<br />
Estelle Guillot-Tantay<br />
Caroline Simon<br />
7, rue Copernic<br />
75116 PARIS<br />
Tél : 33 (0) 1 53 70 74 93<br />
Fax : 33 (0) 1 53 70 74 80<br />
Leader mondial du petit équipement domestique, le <strong>Groupe</strong> SEB déploie son activité dans près de 150 pays en s’appuyant sur<br />
un ensemble unique de marques de premier rang commercialisées à travers une distribution multi format. Vendant quelque<br />
200 millions de produits par an, il met en œuvre une stratégie de long terme fondée sur l’innovation, le développement<br />
international, la compétitivité et le service au client. Le <strong>Groupe</strong> SEB emploie plus de 25000 collaborateurs dans le monde.<br />
GROUPE SEB <br />
DIRECTION DE LA COMMUNICATION FINANCIERE<br />
Chemin du Petit Bois I BP 172 - 69134 ECULLY Cedex France I T.+33 (0)4 72 18 16 40 • Fax +33 (0)4 72 18 15 99<br />
Société par Actions Simplifiée au capital de 806 400 € I 016 950 842 R.C.S Lyon I T.V.A FR 94016950842