Engie: wants to buy shares sold by French State.
(CercleFinance.com) - In response to the government's sale of shares that was launched on Wednesday evening, Engie has said that it has undertaken to buy 11.
1 million of its own shares (0.46% of total share capital), concurrently with the accelerated institutional placement, and subject to its completion.
The energy group has specified that this acquisition of its own shares will be made at the price per share that will result from the accelerated institutional placement procedure implemented by the French State.
These shares will be allocated to the employee savings schemes that are intended to involve employees as much as possible in the transformation of Engie, which will also limit the dilution stemming from these deals.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
1 million of its own shares (0.46% of total share capital), concurrently with the accelerated institutional placement, and subject to its completion.
The energy group has specified that this acquisition of its own shares will be made at the price per share that will result from the accelerated institutional placement procedure implemented by the French State.
These shares will be allocated to the employee savings schemes that are intended to involve employees as much as possible in the transformation of Engie, which will also limit the dilution stemming from these deals.
Copyright (c) 2017 CercleFinance.com. All rights reserved.