Arkema S.A. applied to the Ontario Securities Commission for exemptive relief from the prospectus and dealer registration requirements in connection with a global employee share offering.
The offering allows Canadian employees to subscribe for units of a temporary fonds commun de placement d'entreprise (FCPE), which will purchase ordinary shares of the filer.
The principal regulator granted the requested relief, subject to conditions regarding the first trade of the units or shares acquired by Canadian participants.
