FORM 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of September 2003
Commission File Number: 1-14836
ALSTOM
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(Translation of registrant's name into English)
25, avenue Kléber, 75116 Paris, France
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(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes No X
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes No X
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Indicate by check mark whether the Registrant, by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b)
Enclosures:
Press release dated August 18, 2003, "Pierre Bilger Decides to Repay
Compensation Received On His Departure from ALSTOM"
Press release dated August 26, 2003, "Board Changes at ALSTOM"
Press release dated September 17, 2003, regarding status of refinancing package
Press release dated September 17, 2003, regarding ALSTOM Board meeting in
relation to refinancing package
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ALSTOM
Date: September 18, 2003 By: /s/ Philippe Jaffré
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Name: Philippe Jaffré
Title: Chief Financial Officer
18 August 2003
PIERRE BILGER DECIDES TO REPAY COMPENSATION
RECEIVED ON HIS DEPARTURE FROM ALSTOM
ALSTOM's recovery plan involves significant contributions from the Group's
employees, shareholders and financial partners. In addition, the French State
has decided to give its support to the plan. Given these exceptional
circumstances, in a letter dated 14th August 2003, Pierre Bilger, former ALSTOM
Chairman & CEO, informed the Group's Board of Directors of his decision to waive
his contractual termination entitlements, as well as any form of remuneration
due after 11th March 2003, i.e. a gross total of €4.1 million. As a
consequence, Pierre Bilger will repay the related sums to ALSTOM.
Press relations: S. Gagneraud
(Tél. +33 1 47 55 25 87)
internet.press@chq.alstom.com
Investor Relations: J-G. Micol
(Tél. +33 1 47 55 26 04)
Investor.relations@chq.alstom.com
26th August 2003
BOARD CHANGES AT ALSTOM
ALSTOM today announced that Sir William Purves, Vice Chairman of ALSTOM's Board
of Directors since 1998, has informed the Board of his decision to retire and
has resigned.
The Board has approved the proposed appointment of Mr. James Leng as a Director
of ALSTOM and a resolution appointing Mr. James Leng as a Director will be
submitted for Shareholder approval at the Shareholders' Meeting to be held on
second call on 24 September 2003. Once appointed, Mr. Leng will qualify as an
independent Director on ALSTOM's Board of Directors.
Mr. Leng is currently Chairman of Corus Group plc, the British and Dutch steel
company, and non-executive director of Pilkington plc, IMI plc, and JP Morgan
Fleming Mid Cap Investment Trust plc. He is also a Governor of the National
Institute of Economic and Social Research and a Fellow of the Institute of
Marketing (UK).
From 1995 until June 2001, Mr. Leng was Chief Executive Officer of Laporte plc,
one of the world's speciality chemical companies, where he led the successful
restructuring of the company, its management structure and business portfolio.
Prior to his position at Laporte plc, Mr. Leng was Chief Executive Officer of
Low & Bonar plc, the international packaging and materials group which he joined
in 1984.
Press relations: S. Gagneraud
(Tél. +33 1 47 55 25 87)
internet.press@chq.alstom.com
Investor relations: E. Chatelain
(Tél. +33 1 47 55 25 33)
Investor.relations@chq.alstom.com
17 September 2003
PRESS RELEASE
A refinancing package agreed by ALSTOM, its banks and the French State was
announced on 6 August 2003. This plan included the French State entering into
the Company's share capital and providing a long-term loan.
The European Commission today announced the opening of an in-depth enquiry and
its decision in principle to prohibit the French State from participating in the
capital increase or from providing the long-term loan.
ALSTOM's Board of Directors will meet this evening to review the consequences of
this situation. A press release will be issued following the Board meeting.
ALSTOM has requested that trading in its shares be suspended.
Press Relations: S. Gagneraud
Tel. +33 1 47 55 25 87
internet.press@chq.alstom.com
Investor Relations: E. Chatelain
Tel. +33 1 47 55 25 33
investor.relations@chq.alstom.com
M: Communications : L. Tingström
Tel. +44 789 906 6995
17 September 2003
PRESS RELEASE
ALSTOM's Board met today to hear a report from the Chairman & Chief Executive
Officer on efforts made to find solutions to ensure the Group's recovery.
The Board also heard opinions from independent advisors.
The Board noted the European Commission's refusal, in principle, to authorise
the French State to become a shareholder or to provide a long-term loan. This
calls into question the fundamentals of the refinancing plan agreed between
ALSTOM, its banks and the State announced on 6 August 2003, a plan which assures
ALSTOM's long-term future.
The Board expressed its hope that the European Commission will find an
appropriate way of applying European Community procedures, taking into account
the specific characteristics of ALSTOM's business and the urgency of the
situation.
The Board mandated the Chairman & CEO to continue to seek a solution which can
be implemented with immediate effect. Such a solution must address ALSTOM's
problems in a sustainable manner. These are essential requirements to restore
the confidence of ALSTOM's customers and industrial and financial partners in
the Group's long-term future, confidence which is vital to ALSTOM's survival.
The Board will reconvene at the latest on Monday 22 September to consider if
such a viable long term solution has been found and which can be immediately
implemented. A press release will be issued following this meeting.
ALSTOM has requested the suspension of trading in its shares until further
notice.
Press Relations: S. Gagneraud/G. Tourvieille
Tel. +33 1 47 55 25 87
INTERNET.PRESS@CHQ.ALSTOM.COM
Investor Relations: E. Chatelain
Tel. +33 1 47 55 25 33
INVESTOR.RELATIONS@CHQ.ALSTOM.COM
M: Communications : L. Tingström
Tel. +44 789 906 6995