RUBIS: Announcement of a Combined Shareholders' Meeting on December 9, 2020
November 04, 2020 at 01:00 pm IST
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RUBIS
RUBIS: Announcement of a Combined Shareholders' Meeting on December 9, 2020
04-Nov-2020 / 08:30 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Paris, November 4, 2020, 8.30 am
Rubis announces the convening by the Board of Management of a Combined Shareholders' Meeting on December 9, 2020 for the purpose of (i) authorizing the Board of Management to carry out a share buyback program for the Company's own shares with a view to reducing the capital by canceling the shares that have been bought back (in the amount of ?250 million) and under a liquidity contract (in the amount of ?30 million), and (ii) amending, on the proposal of the General Partners, the calculation method of the General Partners' dividend set out in Article 56 of the by-laws by introducing a high watermark, or reference price, in order to better align the General Partners' dividend with the interests of the shareholders in a context of declining stock prices.
The Notice of Meeting including the agenda and the draft resolutions is published today in the Bulletin des Annonces Légales Obligatoires (Balo). All the information relating to this Shareholders' Meeting can be found on the Company's website at http://www.rubis.fr/en under the heading "Shareholders - Shareholders' Meeting - Combined Shareholders' Meeting of December 9, 2020".
46, rue Boissière
75116 Paris - France
Tél: +33 (0)1 44 17 95 95
Fax: +33 (0) 1 45 01 72 49
Email: rubis@rubis.fr
www.rubis.fr
SCA with capital of 129,450,978.75 euros
Paris Trade and Companies Register 784 393 530
Regulatory filing PDF file
File: RUBIS: Announcement of a Combined Shareholders' Meeting on December 9, 2020
Rubis is an independent French group, operating in the energy sector for over 30 years. The activity is organized around 3 poles:
- Rubis Energie is established in Africa, the Caribbean and Europe and combines the Distribution activity and logistics in support of the Distribution activity via its Support & Services branch. The main products marketed are liquefied gases, fuels and biofuels for service stations and professionals (hotels, aviation, marine, public works, etc.) as well as bitumen;
- Rubis Renouvelables: a division created in 2022 and bringing together the activities of Photosol in France (one of the French independent leaders in large-scale photovoltaic installations as well as shading and roofing for professionals) and the partnership with HDF Energy on islands or in non-interconnected areas;
- JV Rubis Terminal specializes in the storage and handling of liquid and liquefied bulk products (fuels, biofuels, chemicals and foodstuffs) in Europe.