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Paris, November 16, 2001 � Nexans� Board of Directors, who met today under the chairmanship of Gérard Hauser, approved a capital increase reserved to employees.
Such a capital increase was authorized by Nexans� shareholders meeting of April 2, 2001, as described in the company�s prospectus established for the Initial Public Offering of the company. It would result in the issuance of a maximum of 400 000 new shares, representing 1,6% of Nexans� capital.
The details of this program, to be implemented during the first half of 2002, will be communicated at a later date.
This program will be presented to competent employee bodies before its implementation.
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