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Capital and shareholding 


Last update 01/13/2014

On 31 December 2013, the amount of Vallourec share capital stands at  €256,319,200 divided into 128,159,600 shares with a nominal value of €2.00 each.


Share capital

Last update 05/14/2013

The distribution is calculated on the basis of number of shares on 31st December 2012, which was 124 946 356 shares.
 SharesVoting rights
Capital Research
Bolloré Group
1.64% 1.59%
Nippon Steel & Sumitomo Metal Corporation
76.50% 76.27%
Employee shareholders
7.14% 7.83%
Directly held by Vallourec
Capital and voting rights

Monthly information relating to the total number of voting rights and shares comprising the share capital. Article 223-16 of the General Regulations of the Autorité des Marchés Financiers (AMF).

Last update 01/07/2014

DateTotal number of shares in issueTheoretical total n° of voting rights*Net total number of voting rightsDocument
30/11/2013126 285 147128 889 511127 567 195

*The theoretical, (or gross), number of voting rights is used as the basis for calculating the crossing of thresholds; it includes voting rights stripped from shares that do not have the right to vote (own shares held, liquidity contract, etc.). See the AMF memorandum dated 17 July 2007 and Article L. 233-7 of the Code de Commerce.

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Company By-laws

Vallourec's By-laws


Crossing of statutory thresholds
(Excerpt from By-laws, article 8, following the Extraordinary General Meeting of 1 June 2006)
In addition to the declarations of crossing thresholds expressly provided by Articles L. 233-7-I and II of the French Code de Commerce, any shareholder (individual or corporate body) that acquires, directly or indirectly by means of companies controlled by the shareholder within the meaning of Article L. 233-3 of the French Code de Commerce, acting singly or jointly, a number of the Company’s bearer shares equal to or greater than three (3), four (4), six (6), seven (7), eight (8), nine (9) and twelve and half (12.5) per cent of the total number of shares making up the share capital must, within five (5) trading days of crossing said threshold, inform the Company of the total number of shares it holds, by letter sent by recorded delivery with advice of receipt to the Company’s registered office.


Double voting rights
(Excerpt from By-laws, article 12-4. Original by-laws)
4. Holding General Meetings
Each member of a General Meeting shall have as many votes as shares he or she owns or represents, in the absence of legal provisions to the contrary.
However, shares that have been paid up in full and which can be shown to have been registered for four years in the name of the same shareholder shall have a voting right that shall be double that granted to other shares.