Vallourec: Adjustment of the Exercise Ratio of the Warrants
Press release
ADJUSTMENT OF THE EXERCISE RATIO OF THE WARRANTS
Meudon (France), May 26, 2025 – Vallourec informs the holders of warrants ('BSA') (ISIN Code: FR00140030K7) that the exercise ratio (Parité d'Exercice)1 of the BSA will be adjusted from 1 ordinary share to 1.098 ordinary share per BSA as from the ex-dividend date, May 26th 2025, with respect to the fiscal year 2024. On that basis, the number of Vallourec shares resulting from the potential exercise of all the BSA would be equal to 33,315,886 shares.2
This adjustment, pursuant to the provisions of section 4.2.8.4. of the note d'opération (AMF visa n°21-093 of March 31, 2021), results from the dividend detached by Vallourec in respect of the fiscal year 2024.
About Vallourec
Vallourec is a world leader in premium seamless tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible.
Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service.
In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.
For further information, please contact:
Investor relations:Connor LynaghTel: +1 (713) 409-7842connor.lynagh@vallourec.com
Individual shareholders:
Toll Free number (From France): 0 805 65 10 10
actionnaires@vallourec.com
Press relations: TaddeoRomain GrièreTel: +33 (0)7 86 53 17 29romain.griere@taddeo.fr
Nicolas EscoulanTel: +33 (0)6 42 19 14 74nicolas.escoulan@taddeo.fr
1 As defined under the note d'opération referred to hereafter. 2 Corresponding to 30,342,337 Vallourec shares before adjustment of the exercise ratio of the BSA.
Attachment
Vallourec_Press Release_Information to the warrantholder - dividend distribution
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