Rhodia: Share Buy-Back Program to Cover Free Share Allocation Plans
Rhodia announces that it will repurchase a maximum of 2 million shares, representing nearly 2 percent of the Group’s share capital. This program was first approved by its shareholders at the Combined Shareholders’ Meeting held on May 16, 2008 under resolution 12, and decided by Rhodia’s Board of Directors in its July 29 meeting.
The shares that will be repurchased under this program will provide for the execution of existing plans allocating free shares to employees and executive officers of the Group and its subsidiaries, in accordance with Article L. 225-180 or L. 233-16 of the French Commercial Code.
Rhodia has appointed an authorized financial institution to independently implement this share buy-back program.
Most read news
Organizations
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.