Vallourec announces the completion of Value 13, a capital increase reserved for employees worldwide. Close to 15,000 employees, in nine countries, representing 68% of eligible personnel, subscribed to Vallourec's sixth international employee share offering. The proceeds of the capital increase amounted to €69.2 million, with the issuance of 1,874,453 new shares (representing approximately 1.5% of the number of outstanding shares), subscribed at a price of €34.78 for the classic formula and €36.95 for the leverage formula. The nominal value of the capital increase is €3.75 million. The offer increases the total number of Vallourec outstanding shares to 128,159,600 as of 10 December 2013. Employee shareholders today hold around 7.35% of Vallourec's share capital.

Valourec, Boulogne-Billancourt