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NATIXIS SA NATIXIS ORD SHS (0IHK.IL)

IOB - IOB Delayed price. Currency in EUR
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4.1120-0.0235 (-0.57%)
As of 11:26AM GMT. Market open.
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Previous close4.1355
Open4.1080
Bid4.0640 x 0
Ask4.1480 x 0
Day's range4.1030 - 4.1420
52-week range1.4820 - 4.1420
Volume18,026
Avg. volume1,765,311
Market capN/A
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Globe Newswire

    PRESS RELEASE RELATING TO THE CAPITAL INCREASE FOLLOWING THE ORDINARY SHARE ALLOCATION TO SOME BENEFICIARIES OF NATIXIS

    Paris, March 3, 2021 PRESS RELEASE RELATING TO THE CAPITAL INCREASE FOLLOWING THE ORDINARY SHARE ALLOCATION TO SOME BENEFICIARIES OF NATIXIS -2018 PROGRAMS OF ALLOCATION OF FREE SHARES AND 2019 PROGRAM OF ALLOCATION OF FREE SHARES -----Press release published pursuant to the provisions of Article 221-3 of the General Regulations of the French Financial Market Authority (AMF - Autorité des Marchés Financiers), pursuant to article 1 sections 4 i) and 5 g) of the European regulation (EU) n° 2017/1129 dated June 14, 2017 ISIN Code: FR0000120685 ----- FRAMEWORK OF THE OPERATION Authorization of the operation In its resolution Twenty, the combined General Shareholders’ Meeting of May 24, 2016 authorized the Natixis Board of Directors (hereinafter referred to as the “Company”) to carry out, in one or several occasions the allocation of new or existing shares of the Company, to the benefit of beneficiaries belonging to the categories it will define among the staff members of the Company or of companies or entities related to it, or of corporate officers. Duration of the authorization conferred by the Shareholders’ Meeting 38 months starting from the combined General Shareholders’ Meeting of May 24, 2016. Maximum number of Natixis’ ordinary shares that may be allocated The maximum number of shares that may be allocated pursuant to resolution Twenty of the combined General Shareholders’ Meeting of May 24, 2016 may not exceed 2.5% of the capital of the Company at the date of the decision of their allocation by the Board of Directors, a sub-ceiling of 0.1% of the share capital at the allocation date is being provided for the allocations to executive officers. Decisions of allocation The Board of Directors of April 13, 2018 (i) decided to carry out the allocation of a maximum number of 3,389,678 shares to some employees of Natixis chosen by the Board of Directors and to the Chief Executive Officer of Natixis in office at that time, pursuant to the provisions set in Articles L.225-197-1, et seq1. of the French Commercial Code, leading (if the terms and conditions are met at the end of the vesting periods) to capital increases by capitalization of reserves, profits or issue premiums, at the end of the vesting periods through the issuing of the allocated shares, (ii) drew up the list of beneficiaries, (iii) set the duration of the vesting and holding periods and (iv) determined the “2018 Program of Allocation of Free Shares” and Payments” business line Program” (hereinafter respectively the “2018 Program” and the “Payments business line Program”). The Board of Directors of April 12, 2019 (i) decided to carry out the allocation of a maximum number of 2,600,406 shares to some employees of Natixis chosen by the Board of Directors and to the Chief Executive Officer of Natixis in office at that time, pursuant to the provisions set in Articles L.225-197-1, et seq1. of the French Commercial Code, leading (if the terms and conditions are met at the end of the vesting periods) to capital increases by capitalization of reserves, profits or issue premiums, at the end of the vesting periods through the issuing of the allocated shares, (ii) drew up the list of beneficiaries, (iii) set the duration of the vesting and holding periods and (iv) determined the 2019 Program of “Allocation of “Free Shares” (hereinafter referred to as the “2019 Program”, together with the “2018 Program” and the “Payments business line Program” referred to as the “Programs”). Terms and conditions of the operation The Board of Directors decided in 2018 and 2019 the allocation of free Natixis shares to some employees and the Chief Executive Officer of the Company under the Programs (hereinafter referred to as “Beneficiaries”). The shares may only be delivered after the end of several vesting periods set in the Programs (hereinafter referred to as a “Vesting Period” and together as the “Vesting Periods”), provided that the terms and conditions set by the Programs are met. Beneficiaries will become owners of the shares at the end of the Vesting Periods provided that they met the vesting terms and conditions set by the Programs (hereinafter referred to as the “Final Vesting”). At the end of the Vesting Periods, for the 2018 and 2019 Programs, the shares will be delivered to the Beneficiaries, but they will be non-negotiable and they will have to be held by the latter during a period determined by the Board of Directors (hereinafter referred to as the “Holding Period”). Reasons for the allocation of free shares The Board of Directors decided to allocate free shares as part of the implementation in Natixis of deferred remuneration mechanisms in the form of Employee Retention and Performance Plans. SPECIFICATIONS OF THE ALLOCATION PROGRAM Beneficiaries and number of shares allocated by the Board of Directors The Board of Directors of April 13, 2018 decided to allocate a total maximum number of 3,389,678 shares of the Company to the concerned Beneficiaries, in relation to the 2018 Program and the Payments business line Program.The Board of Directors of April 12, 2019 decided to allocate a total maximum number of 2,600,406 shares of the Company to the concerned Beneficiaries, in relation to the 2019 Program. The free shares allocated to Beneficiaries will be either new shares or existing shares. Duration of the Vesting Period Subject to the compliance with the share vesting terms hereinafter described, the allocated shares will be transferred in full ownership to Beneficiaries at the end of the relating Vesting Period.Under the 2018 Program, the Vesting Periods run from the date the shares are allotted by the Board of Directors and expire on March 1, 2020 for the first tranche allocated and on March 1, 2021 for the second and last tranche allocated.Under the 2019 Program, the Vesting Periods run from the date the shares are allotted by the Board of Directors and expire on March 1, 2021 for the first tranche allocated and on March 1, 2022 for second and last tranche allocated. Pursuant to the terms of Article L. 22-10-59 of the French Commercial Code, the rights resulting from the allocation are non-negotiable and non-transferable until the end of the relating Vesting Period, subject to some exceptions defined in the Programs. Terms of Final VestingThe transfer of ownership of these shares is submitted to the compliance with some specific conditions, including, in particular: to be a member of Natixis staff during the Vesting Period, apart from some exceptions as set forth in the Programs,for some Beneficiaries, to comply with some performance conditions as set in the Programs. Duration of the Holding Period applicable to the BeneficiariesUnder the 2018 Program, the shares will be subject to a mandatory Holding Period until October 1, 2020 for shares whose vesting date is March 1, 2020, and until October 1, 2021 for shares whose vesting date is March 1, 2021.Under the 2019 Program, the shares will be subject to a mandatory Holding Period until October 1, 2021 for shares whose vesting date is March 1, 2021, and until October 1, 2022 for shares whose vesting date is the March 1, 2022. Rights attached to shares At the end of the Vesting Periods, the shares delivered to each Beneficiary shall entitle to the exercise of the same prerogative powers as ordinary shares of the Company, including during the Holding Period. They will be subject to all bylaw’s provisions and all decisions of the Shareholders’ Meeting will be enforceable against Beneficiaries. Beneficiaries will be entitled to the right of participating in Shareholders’ Meetings and of voting, to the communication right and to the dividend right. At the end of a Holding Period for the 2018 and 2019 Programs and at the end of the Vesting Period for the Payments business line Program, Beneficiaries will have the right to sell the shares. During the sale of these shares, the Beneficiaries will have to comply with the compliance rules set within Natixis and with the restrictions under Article L. 22-10-59 of the French Commercial Code. QUOTATION OF FINALLY VESTED SHARES Final VestingIt has been decided on March 1st, 2021 that the shares to be definitively vested will be new shares in reference to the second and last tranche of the 2018 Plan and the first tranche of the 2019 Plan. The final nominal amount of the share capital increase of Natixis that occurred on March 1, 2021, amounts to EUR 3,122,448.00 corresponding to the number of shares allocated to Beneficiaries fulfilling the terms and conditions set in the Programs (i.e. (i) 1,411,450 shares definitely allocated in relation to the second and last tranche of the 2018 Program and (ii) 540,080 shares definitely allocated in relation to the first tranche of the 2019 Program multiplied by the par value of one Natixis share (i.e. EUR 1.60). The final list of Beneficiaries as well as the final amount of the share capital increase and the number of issued shares has been set on March 1, 2021. The Article 3 of the Company’s bylaws relating to the capital will be consequently updated. Admission request with Euronext Paris The new Natixis shares issued as part of the Programs will be subject to the Euronext Paris trading admission request starting from March 1, 2021. Specific provision The information contained in this document is delivered as information for Beneficiaries and summarizes the terms of the Programs. In the event of discrepancy between information in this document and in the Programs, the latter will prevail. Contact: Investor Relations Damien Souchet+33 1 58 55 41 10 1 Some of which are now codified in articles L. 22-10-59 and L. 22-10-60 of the French Commercial Code. Attachment 20210303_Press_Release_PAGA_ev

  • Globe Newswire

    Natixis: Information relating to the total number total of voting rights and of shares as of February 28, 2021

    Name of issuer: NATIXIS S.A. joint stock company with a share capital of 5,052,644,851.20 eurosRegistered under the number B 542 044 524 RCS ParisRegistered Office: 30 avenue Pierre Mendès-France - 75013 Paris Information relating to the total number total of voting rights and of shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the French Financial Markets Supervision Authority (AMF) General Regulations. Date Number of shares composing current share capitalTotal number of voting rights February 28, 2021 3,155,951,502 Gross total: 3,155,951,502 Net total*: 3,153,489,921 * Net total: total number of voting rights attached to the total number of shares – shares without voting rights (treasury stock, etc.) The €5,052,644,851.20 share capital has been registered by a decision of the Chief Executive Officer onMarch 01, 2021. * Attachment Natixis_monthly_information_equity_distribution_20210228

  • Globe Newswire

    Natixis press release following BPCE's announcement of its intention to file a tender offer

    Paris, February 9th, 2021 Natixis press release following BPCE's announcement of its intention to file a tender offer Natixis's Board of Directors met today and acknowledged BPCE S.A.'s intention to file a project of tender offer to acquire the c. 29.3% of Natixis S.A.’s capital it does not already own1, at a price of 4 euros per Natixis share (cum dividend). BPCE intends to execute a mandatory squeeze-out procedure for all securities not held by BPCE in the event that minority shareholders do not hold more than 10% of the Company's capital and voting rights following the period of the tender offer. The proposed offer would be part of an ambitious strategic project that Groupe BPCE intends to examine to underpin Natixis’s future growth and simplify its support functions, which includes the following initiatives: The transfer of Natixis’s insurance and payments activities, which support the Banque Populaire and Caisse d’Epargne networks, to BPCE S.A. within the Groupe BPCE's retail businesses, alongside the Retail Banking and Insurance activities and the Financial Solutions and Expertise; the terms and conditions of such transfer would be examined at a later stage;The combination of the global businesses of the Groupe BPCE covering large clients into a “Global Financial Services” structure. This would comprise asset and wealth management activities (“Natixis Investment Managers”, “Natixis Wealth Management”) and corporate and investment banking activities (“Natixis Corporate and Investment Banking”);A simplified organizational structure for the support functions of BPCE, Natixis and its businesses. After having been informed of the project and in accordance with current regulations and the recommendations of the Autorité des Marchés Financiers, the Board of Directors has established an ad hoc committee comprising all the independent members sitting on the Board of Directors. Based on a proposal of the ad hoc committee and in accordance with the stock market regulations, the Board of Directors has also appointed the financial firm Ledouble as independent expert in charge of providing a view as to the fairness of the terms of the tender offer, including in case of a mandatory squeeze-out would be implemented. The ad hoc committee will also be in charge of monitoring the work of the independent expert. The independent members of the Board of Directors have met several times ahead of the announcement to carry out a first assessment of the proposed transaction. The Board of Directors of Natixis, on proposal of its independent members, has positively welcomed the proposed offer by BPCE. Natixis will keep its shareholders informed of the main developments of this project and workers’ councils will be notified in accordance with applicable regulations. Nicolas Namias, Chief Executive Officer of Natixis, said: “For the past ten years, Natixis has successfully implemented a model which has created value for all its stakeholders: clients, employees and investors. Over recent months we have implemented several strategic and operational decisions, which have put Natixis back on track with is value creation ambition. The current and foreseeable trends on the financial and regulatory fronts have led us to reconsider the Groupe BPCE and Natixis’s organisational structure, for the benefit of all stakeholders. This project would constitute a new step in the development of each of Natixis’s businesses – asset and wealth management, corporate and investment banking, insurance and payments – with an increased strategic manoeuvrability thanks to the Group. Likewise, the support functions of Global Financial Services and its businesses could operate more closely with the Group’s functions, with converging processes and tools. This new organisation aims at combining short-term performance requirements with a long-term perspective. I am pleased that the Groupe BPCE’s offer confirms the place of Natixis’s businesses at the heart of its strategy and demonstrates its trust in Natixis’s teams, while also offering an attractive liquidity opportunity to shareholders. Upon completion of this tender offer, the Groupe BPCE will become the largest privately held banking group in Europe.” Catherine Pariset, Chairwoman of the ad hoc committee, said: “The Board of Directors of Natixis welcomes positively this transaction, which would grant Natixis the resources required by the development of its strategy in a deeply disrupted market environment and evolving competitive landscape. At this stage of its review of the proposed transaction, the Board of Directors takes note that the offer price would provide liquidity to the minority shareholders at a price above the price targets of equity analysts covering the company. The offer price also implies a significant premium to the Natixis share price over the recent period, including to the three-month, six-month and twelve-month average.” About NatixisNatixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €12.1 billion, a Basel 3 CET1 Ratio(1) of 11.6% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-inFigures as at 31 December 2020 Contacts Investor Relationsinvestorelations@natixis.com Damien SouchetNoémie Louvel+33 1 58 55 41 10+33 1 78 40 37 87 Press Relationspress@communication.natixis.com Daniel Wilson+33 1 58 19 10 40 Sonia Dilouya-Berthaut+33 1 58 32 01 03 www.natixis.com Our information is certified with blockchain technology. Check that this press release is genuine at www.wiztrust.com. 1 Based on total shares outstanding as of December 31st 2020 Attachment 210209_BPCE announcement_Natixis PR