At 31 December 2021, Group employees owned 1.53% of Rubis’ share capital and voting rights through the Rubis Avenir mutual fund. Since the fund it was put in place in 2002, Rubis has carried out a capital increase reserved for employees of eligible companies (companies with their registered office in France) every year. All these transactions have attracted a high level of participation by the Group’s employees.
6.4.1Capital increase reserved for Group employees: 2021 operation
Acting pursuant to the Combined Shareholders’ Meeting’s delegation of 11 June 2019, on 4 January 2021, the Management Board carried out a capital increase reserved for employees of eligible Group companies through the Rubis Avenir mutual fund.
In accordance with Article L. 3332-19 of the French Labour Code and the delegation granted by the shareholders, the subscription price for new shares was set at 70% of the average listing price during the 20 trading days preceding the 4 January 2021 meeting. This average amounted to €37.63, resulting in a subscription price of €26.35.
This transaction resulted in the subscription of 265,626 new shares for a total amount of €6,999,245.10, representing the payment of the par value in the amount of €332,032.50 and a share premium in the amount of €6,667,212.60. The subscription rate of the Group’s employees was 66.31%.
A new operation was decided by the Management Board on 13 January 2022 and was ongoing as of the date this document was filed.
6.4.2Summary table of capital increases reserved for employees
The table below presets the characteristics of the last three capital increases reserved for employees implemented by the Company.