RUBIS - 2019 Universal Registration Document

6 INFORMATION ABOUT THE COMPANY AND ITS CAPITAL - Employee shareholdings

6.4 Employee shareholdings

As of December 31, 2019, employees of the Group owned 1.27% of Rubis share capital through the Rubis Avenir mutual fund. Since it

was put in place in 2002, Rubis has launched a capital increase reserved for employees of eligible companies (companies with their

registered office in France) every year. All of these operations have seen a high level of participation by the Group’s employees.

6.4.1 CAPITAL INCREASE RESERVED FOR GROUP EMPLOYEES: 2019 TRANSACTION

On January 4, 2019, effective by virtue of the Combined Shareholders’ Meeting’s approval on June 8, 2017, the Board of Management carried out a capital increase reserved for employees of eligible Group companies, by means of the Rubis Avenir mutual fund. In accordance with Article L. 3332-19 of the French Labor Code, and with the delegation received by the shareholders, the

subscription price for new shares was set at 80% of the average listing price during the 20 trading days preceding the meeting on January 4, 2019. This average was €46.78, giving a subscription price of €37.43. This transaction resulted in the subscription of 144,053 new shares in a total amount of €5,391,903.79, representing the payment of par value in the amount of €180,066.25

and a share premium in the amount of €5,211,837.54. The take-up was 67.16%. A new transaction was approved by the Board of Management at its meeting of January 6, 2020, for which the subscription was underway at the time of writing of this Registration Document.

6.4.2 SUMMARY TABLE OF CAPITAL INCREASES RESERVED FOR EMPLOYEES

The table below provides the characteristics of the last 3 capital increases reserved for employees and implemented by Rubis.

2019

2018

2017

Number of eligible employees

941 632

916 629

893 614

Number of subscriptions

Take-up

67.16%

68.67%

68.76% 61.40 (1) 88,973 (1)

37.43

47.19

Subscription price (in euros)

Total number of shares subscribed

144,053

117,977

(1) Before the two-for-one share split of July 28, 2017.

192 i Rubis 2019 Universal Registration Document