Successful completion of lafarge €1.5 billion capital increase The offer was over-subscribed, at a rate of 172%

04.24.2009
 

Lafarge announces today the successful completion of its €1.5 billion capital increase. The final proceeds of the capital increase are €1,500,317,581, through the issuance of 90,109,164 shares.

 

With the capital increase, launched on April 2nd, the Group completed a key step of the € 4.5 billion platform of assertive measures announced on February 20, 2009 to strengthen its financial structure. This demonstrates the Group's commitment to rapidly implement its plan, which includes ongoing operational efforts to reduce costs, lower capital expenditures and working capital along with the implementation of a €1 billion divestment plan in 2009.

 

Total orders were approximately € 2.6 billion, a subscription rate of 172%. 88,494,750 shares were subscribed on an irrevocable basis.

 

Settlement, delivery and listing of the new shares are scheduled to take place on April 28, 2009.

NOTES TO EDITORS

Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 84,000 employees in 79 countries, Lafarge posted sales of Euros 19.0 billion in 2008.
In 2009 and for the fifth year in a row, Lafarge was listed in the ‘Global 100 Most Sustainable Corporations in the World'. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities, working for sustainable construction and architectural creativity.

 

This press release and the information it contains do not constitute an offer to sell or subscribe or a solicitation of an order to buy or subscribe for securities in the United States or any other jurisdiction.
The securities mentioned in this press release have not been and will not be registered under the United States. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act.
This announcement may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company's results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company's annual report available on its Internet website (www.lafarge.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements.
More comprehensive information about Lafarge may be obtained on its Internet website (www.lafarge.com), under Regulated Information.