Successful completion of the public share buy-back offer and appointment of Henri Poupart-Lafarge as Chairman of Alstom’s Board and Chief Executive Officer

Successful completion of the public share buy-back offer and appointment of Henri Poupart-Lafarge as Chairman of Alstom’s Board and Chief Executive Officer :Alstom’s Board of Directors met today to review the results of the public share buy-back offer and the governance of the Company.

Public share buy-back offer
Alstom’s public share buy-back offer, aiming to return part of the proceeds of the transaction with General Electric on its energy businesses to shareholders, was successfully completed with over 230 millions of shares tendered. Following the reduction mechanism, 91.5 millions of shares representing around 29.5% of Alstom’s capital have been repurchased by Alstom. The Board approved the cancellation of the shares repurchased for an amount of approximately €3.2 billion, bringing Alstom’s number of shares to approximately 220 million and its market capitalisation to 5.4 billion euros based on today closing price. At the end of the operation, Bouygues owns 28.3% of Alstom’s capital.

Governance
As announced, Mr. Patrick Kron presented his resignation from his duties as Chairman of the Board and Chief Executive Officer of Alstom. The Board of Directors accepted his resignation effective February 1st 2016 and decided to entrust such duties to Mr. Henri Poupart-Lafarge, currently Director and Executive Vice President of Alstom. The Board congratulated Patrick Kron for his achievements and contribution to the company successes over the past 13 years and wished Henri Poupart-Lafarge all the best in his new mission to lead Alstom towards future ambitions.

successful-completion-of-the-public-share-buy-back-offer-and-appointment-of-henri-poupart-lafarge-as-chairman-of-alstoms-board-and-chief-executive-officer

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