Capital Increase Reserved for Employees of TotalEnergies in 2024
06 Juin 2024 - 8:18AM
Business Wire
Regulatory News:
In accordance with its policy in favour of employee
shareholding, the Board of Directors of TotalEnergies SE
(Paris:TTE) (LSE:TTE) (NYSE:TTE) decided, on September 21, 2023, to
carry out a capital increase reserved for eligible employees and
former employees of TotalEnergies SE and its French and foreign
subsidiaries in which the Company holds directly or indirectly more
than 50% (in terms of capital or voting rights), that are members
of the PEG-A Group savings plan, in France and abroad, under the
conditions set by the sixteenth resolution at the Shareholders’
Meeting of May 26, 2023.
On April 25, 2024, the Chairman and CEO set (i) the subscription
period from April 29 to May 14, 2024 (included) and (ii) the
subscription price at 46.90 euros per share, corresponding to the
average of the closing prices of the TotalEnergies share on
Euronext over the twenty trading sessions preceding the date of
this decision, reduced by a 30% discount and rounded off to the
highest tenth of a euro.
At the end of this period, 63,662 employees in 96 countries,
representing 55.3% of the eligible employees and former employees,
subscribed to this capital increase for an amount of 480.8 million
euros. These results are significantly on the rise compared to the
last years in terms of participation and amount subscribed.
“Employee share ownership is the best way to associate employees
with the economic performance of the company, strengthen their
sense of belonging and align the interests of employees and
shareholders. TotalEnergies’ proactive policy put the Company at
the top of the ranking of European firms for employee shareholding,
based on the amount of the share capital held by its employees.
Employees responded this year again en masse to the capital
increase reserved for them, investing nearly 500 million euros, 35%
more than last year. It is a great success and a genuine pride for
me personally, since these figures demonstrate how strong the
attachment of our employees to their company is and how much they
support the strategy that we implement”, declared Patrick
Pouyanné, Chairman and CEO of TotalEnergies.
As a result, 10,833,187 new shares will be issued on June 6,
2024. They will carry immediate dividend rights and will be fully
assimilated with TotalEnergies shares already listed on
Euronext.
Following this issuance, the employee shareholders in
TotalEnergies SE’s share capital, within the meaning of Article L.
225-102 of the French Commercial Code, will represent 8,13% of the
Company’s share capital as of June 6, 2024.
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About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities.
TotalEnergies SE has no liability for the acts or omissions of
these entities. This document may contain forward-looking
information and statements that are based on a number of economic
data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither
TotalEnergies SE nor any of its subsidiaries assumes any obligation
to update publicly any forward-looking information or statement,
objectives or trends contained in this document whether as a result
of new information, future events or otherwise. Information
concerning risk factors, that may affect TotalEnergies’ financial
results or activities is provided in the most recent Registration
Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des
Marchés Financiers (AMF), and in the Form 20-F filed with the
United States Securities and Exchange Commission (SEC).
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