Press release
Paris, 23 July 2014
Following the success of the « Cap'Orange » offer, Orange Group will sell 16 million treasury shares to its employees
Following the success of its employee share offer "Cap'Orange" announced on 13 May 2014, Orange will sell 16 million existing treasury shares to its current and retired employees in France who subscribed to "Cap'Orange" through the Orange savings plan.
The treasury shares were acquired in 2011 directly through share buy backs and the settlement of an over-the-counter forward purchase of 4,050,532 shares dated 20 July 2015.
As a consequence, Orange hereby announces the early redemption of the forward purchase and its request for physical delivery of 700,000 shares, to be added to the 15.3 million existing shares already in treasury, in order to deliver the 16 million shares to the benefit of participating employees on 31 July 2014.
Name of the issuer: Orange
Transaction on financial instruments and purchases following the exercise of financial instruments
Trade Date | Sale/Purchase | Options/Term | Number of shares | Maturity | Market |
22 July 2014 | Early redemption | Forward sale | 4,050,532 | 20 July 2015 | OTC |
Trade Date | Sale/Purchase | Number of shares | Price per share | Total Amount | Transaction | Market |
22 July 2014 | Purchase | 700,000 | 11.4064 € | 7,984,480 € | Partial exercise of the forward as part of the early redemption (please see above) | OTC |
about Orange
Orange is one of the world's leading telecommunications operators with sales of 41 billion euros in 2013 and has 164,000 employees worldwide at 31 March 2014, including 101,000 employees in France. Present in 30 countries, the Group has a total customer base of more than 239 million customers at 31 March 2014, including 182 million mobile customers and 16 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile: www.orange.com:
http://www.orange.com/, www.orange-business.com:
http://www.orange-business.com/, www.livetv.orange.com:
http://www.livetv.orange.com or to follow us on Twitter: @orangegrouppr.
Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.
Press contact: +33 1 44 44 93 93
Sébastien Audra, sebastien.audra@orange.com
Olivier Emberger, olivier.emberger@orange.com
http://hugin.info/143465/R/1834673/637260.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Orange via Globenewswire