A highly successful capital increase

12|22|2010

P R E S S R E L E A S E

 

This press release may not be released, distributed or sent directly or indirectly to the United States, Canada, Australia or Japan.

 

22.12.10

 

A HIGHLY SUCCESSFUL CAPITAL INCREASE

 

Rubis is today announcing the success of its capital increase with preferential rights for existing shareholders, following the subscription period which closed on 14th December 2010. The extension clause was fully exercised bringing the capital increase to a gross 127 million euros, premium included.

Total demand, 260.1 million euros, was almost 150 million euros more than the objective or a subscription rate of 235%.

1,688,072 new shares were subscribed to irrevocably, representing 97.8% of the initial number of new shares to be issued or 1,726,328 [1]. Demand as of right covered 2,375,790 shares. The company decided to a fully exercise the extension clause or 258,949 [2] new shares and allocate 297,205 new irrevocable shares to subscribers. As a result of the subscription, 1,985,277 new shares were subscribed to at a unit price of 64 euros.

The payment and delivery as well as the opening for trading of the new shares on the regulated Euronext market in Paris will start on 24 December 2010 on the same quotation line as existing shares (code ISIN FR0000121253). The new shares will mature on 1 st January 2010. They will be immediately assimilated with existing shares on issue and will carry the same rights.

Following this operation, Rubis' share capital will comprise 14,069,575 shares.

The operation will contribute to financing Rubis' future development and will enable it to increase its financial resources to seize new growth opportunities in a particularly active and favourable environment.

Rubis would like to thank its shareholders for their ongoing faith in the group and for the financial resources raised via the transaction for Rubis' further development.

Advisers, Lead managers and centralisation of the transaction

Rubis advisers: Sodica ECM (Crédit Agricole Group)
Lead manager and Bookrunner: Crédit Agricole Corporate and Investment Bank
Joint Lead manager Société Générale Corporate and Investment Banking

The operation is centralised by CACEIS Corporate Trust,14 rue Rouget de l'Isle,92862 Issy les Moulineaux Cedex 9.

Public information

A prospectus authorised by the French Financial Markets Authority (AMF) on 29th November 2010 n°10-418 can be obtained at no cost from the Rubis head office, 105 avenue Raymond Poincaré 75116 Paris, from Crédit Agricole Corporate and Investment Bank, 9, quai du Président Paul Doumer, 92 920 Paris La Défense Cedex and from Société Générale Corporate and Investment Banking, Tours Société Générale, 17, cours Valmy, 92800 Puteaux, France (postal address: Tour Société Générale, 75886 Paris Cedex 18).
It is also available on the AMF (www.amf-france.org) and the company (www.rubis.fr) websites.
The prospectus includes a reference document submitted to the AMF on 28 April 2010 under number D.10-0349, the updates to the reference document, submitted to the AMF on 29 November 2010 under number D.10-0349-A01, and a note on the transaction (including a summary prospectus).

Rubis would like to draw the public's attention to the sections on risk factors in the brochure approved by the AMF.

About Rubis

Rubis is a leader in liquid product storage and LPG distribution, both in France and internationally.

2010 was marked by strong growth in the industrial sector (four structuring and immediately accretive acquisitions in the distribution of oil products, continued construction in Antwerp and Rotterdam and organic growth) and the success of its capital increase raising 127 million euros.

·     Following the four acquisitions which have been announced, Rubis will distribute petroleum products, mainly LPG, in more than 20 countries in Europe, Africa and the Caribbean.
·     In the first half of 2010, the Group's EBITDA rose by 9%, while net income increased by 30%.
·     The capital increase strengthens the group's financial structure and its future potential for growth by acquisition.
·     Rubis intends to pursue its policy of increasing dividends per share.


Rubis is listed on the NYSE Euronext Paris.
(ISIN code: FR0000121253 / RUI.)

 

CONTACTS

Rubis
Mr. Bruno Krief
Chief Financial Officer
Telephone: + 33 (0)1 44 17 95 95
e-mail: rubis@rubis.fr 

[1] Taking into account 13,300 subscription options exercised, making for 13,300 new shares and 13,300 additional preferential subscription rights
[2] Taking into account 285 additional shares created as a consequence of the 1,900 shares subscribed via the preferential subscription rights exercised, detached from the 13,300 shares resulting from the exercise of 13,300 share subscription options.

 

Warning

 

This press release does not constitute an offer of investment securities or a solicitation to purchase or subscribe to shares in the United States or any other country. Investment securities may not be offered, subscribed to or sold in the United States if they are not registered or exempted from registration under the U.S. Securities Act of 1933, as amended. Rubis does not intend to register the offer mentioned in this press release or any part of this offer in the United States, nor does it intend to undertake any public offer of its shares in the United States.

This press release does not constitute a public offer of investment securities in the United Kingdom. In the United Kingdom, this press release may only be distributed to individuals who have professional experience in investments governed by the provisions of article 19(5) of the Financial Services and Markets 2000 (Financial Promotion) Order 2005 law, as amended, or to whom this press release may legally be distributed (hereafter referred as "persons concerned"). In the United Kingdom, no person other than a person concerned may act on the basis of this press release; all investments or investment activities related to this press release may be performed only by the persons concerned.

 

This press release may not be released, distributed or sent directly or indirectly to the United States, Canada, Australia or Japan.

Press Contact
PUBLICIS CONSULTANTS
Véronique Duhoux
Tel: 01 44 82 46 33

Analyst Contact
RUBIS
Bruno Krief
Tel: 01 44 17 95 95
www.rubis.fr