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Rexel — Share Issue/Capital Change 2008
Dec 11, 2008
1628_rns_2008-12-11_0a3c451c-1f53-445b-981a-f8b7219d0fba.pdf
Share Issue/Capital Change
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REXEL PUTS 2008 EMPLOYEE SHARE PURCHASE PROGRAM ON HOLD
The strong volatility in financial markets has led Rexel to conclude that conditions are not conducive to the implementation of the capital increase reserved for employees as described in the press release dated November 27, 2008.
Consequently, Rexel has decided to put the launch of the program on hold. Associating Rexel employees with the Group's future growth and performance remains a key objective. A project to that effect should be initiated at a later date.
CONTACTS:
FINANCIAL ANALYSTS / INVESTORS PRESS Eric Dumont Pénélope Linage +33 1 42 85 76 12 +33 1 42 85 76 28 @ [email protected] @ [email protected]
Leading distributor worldwide of electrical supplies, Rexel serves three main end markets: industrial, commercial and residential. The Group operates in 34 countries, with a network of some 2,550 sales outlets, and employs 34,000 people. Rexel's pro forma sales were 14.3 billion EUR in 2007. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100.
For more information, you can visit the website www.rexel.com