EMPLOYEE SHAREHOLDING PLAN
Glossary
The 20% reduction applied to the reference price to arrive at the subscription price.
The portion of a company's net income distributed to shareholders at the end of each financial year, subject to approval by the Annual General Meeting of Shareholders.
An employee mutual fund (FCPE) is a portfolio of transferable securities that are held jointly by all employee mutual fund member subscribers and divided into units.
By subscribing to Vallourec Invest 2026, you are not a direct shareholder of Vallourec; instead, the employee mutual fund holds the shares and you hold units in the FCPE.
By subscribing to Vallourec Invest 2026, you are not a direct shareholder of Vallourec; instead, the employee mutual fund holds the shares and you hold units in the FCPE.
International Employee Share Ownership Plan.
The reference price = the average price in euros of Vallourec shares over the twenty trading days preceding March 19th, 2026, weighted by daily trading volumes.
A security representing a portion of the share capital of the issuing company.
The price at which shares are subscribed for following the 20% discount applied to the reference price.
The contribution made and paid for by Vallourec in addition to your personal investment.