The reference price was 36. The market price at the time of allocation was 43.29 and the exchange rate was fixed at 1.5816 to the £.
The 2000 Employee share issue was oversubscribed by a factor of 3.3. In total, 34,700 current and former employees in 16 countries applied for shares. About 70% of Thomson-CSF employees now own shares in the company. A scale back approach was implemented and administered by IRG (the independent trustees). Beneficial ownership of the shares passed to purchasers with effect from September 2000.
For example, an application for 250 shares would result in 73 shares being allocated.
|ThomPlus 2000 ThomClassic+ 2000||69%|
The following table is the breakdown of the 6,800 employees outside France subscribing to the share offer.
Others includes South Africa, Australia, Belgium, Canada, Spain, United States, Italy, Japan, Morocco, Norway, Singapore and Switzerland.