Distributing energy for everyday life
← Back

Rubis announces a successful rights issue

06|25|2007

The rights issue launched by Rubis through warrants on 1 June 2007 was successfully closed on 18 June 2007, with a subscription rate of 95 %.

Net proceeds of the equity issue reach 50 M€ bringing the company's equity to € 365 million and its market capitalisation to € 646 million.

The 929 239 new shares will be added to the company's shares outstanding and begin trading on Eurolist on Tuesday, 26 June 2007. Proceeds from the issue will be used to help finance the acquisitions of Shell's European LPG distribution operations in five countries (Bulgaria, the Czech Republic, Germany, Spain and Switzerland), completed between 27 April 2007 and 22 June 2007 as part of its international expansion strategy.

Finally, this equity issue strenghtens Rubis balance sheet, increasing scope for further international expansion.

The company's share price is up 15 % for the year to date, which comes on top of a dividend of €2.14 per share, detached on 18 June 2007 and to be paid on 13 July 2007. Shareholders have until 2 July 2007 to request to receive the dividend in Rubis shares at a subscription price of €59,14.

Next press release: Q2 2007 Turnover - Wednesday, 8 August 2007

Press contact
Comfidance - Jocelyne Guillon
Tel: +33 (0)1 56 21 20 13

Analyst contact
Rubis - Bruno Krief
Tel: +33 (0)1 44 17 95 95