Press Release - SPIE launches its employee shareholding plan SHARE
FOR YOU 2024
Cergy, 25 September 2024 -
SPIE, independent European leader in multi-technical services
in the areas of energy and communications, announces the launch of
the 8th edition of its employee
shareholding program, SHARE FOR YOU.
In 2023, the SHARE FOR YOU programme was a great
success, with more than 17,000 employees across the company signing
up. From September 26 to October 17, 2024, employees will once
again have the opportunity to become shareholders of the Group or
to increase their holdings in the capital of SPIE, directly or via
a company mutual fund.
The subscription price has been set at 28.39
euros. This takes into account a 20% discount applied to the
average opening price of the SPIE share on the Euronext Paris
market during the 20 trading days preceding September 17, 2024,
i.e. between August 20 and September 16, 2024, inclusive.
This 8th edition of the SHARE FOR YOU
programme since SPIE's IPO in 2015 is open to more than 49,000
employees from 19 countries (Australia, Austria, Belgium, Czech
Republic, France, Germany, Hungary, Italy, Luxembourg, Mexico,
Netherlands, Poland, Romania, Slovakia, Spain, Switzerland, United
Arab Emirates, United Kingdom and United States).
With this new operation, SPIE is once again
inviting its employees to share in its performance in the long
term.
In December 2021, the employees, have become the
Group's main shareholders. They held 7,1% of the capital on 30 June
2024. This ranks the Group among the top 10 companies of the SBF
1201 with the highest proportion of capital held by
employees. By way of comparison, the average share of capital held
by employees in SBF 120 companies is below 3%2.
The terms of this operation are described
below.
TRANSMITTER
SPIE SA (hereinafter the “Company”)
Registered office: 10 avenue de l'Entreprise, 95863 Cergy-Pontoise
Cedex - France
Registered capital: € [78 240 012,64]
RCS: 532 712 825 R.C.S. Pontoise
Euronext Paris (France)
Ordinary share, ISIN code: FR0012757854
FRAMEWORK OF THE OPERATION - PROPOSED
SECURITIES
At the Combined General Meeting of May 3, 2024, the shareholders of
the Company delegated to the Board of Directors in their
18th resolution, the power to decide to increase the
Company's share capital, in one or more instalments, by up to a
maximum nominal amount of € 2,000,000, or other securities
giving access to the Company's capital, reserved for employees of
the Company and French and foreign companies associated with it who
are members of a Group company savings plan, subject to the
conditions of Articles L. 225-180 of the Commercial Code and L.
3344-1 of the Labour Code. On July 25, 2024, the Board of Directors
decided on the principle of issuing ordinary shares for the benefit
of employees who are members of a Group company savings plan,
adopted the main characteristics and delegated to the
Chairman-Chief Executive Officer of the Company the necessary
powers for the implementation of the operation.
SUBSCRIPTION CONDITIONS
- Beneficiaries of the share offer reserved for employees: the
beneficiaries of the offer are (i) the employees, and the corporate
officers under the conditions provided for in Article L. 3332-2 of
the Labour Code, of the companies within the scope of the offer who
have joined the French or international group savings plan, as the
case may be, regardless of the nature of their employment contract
(fixed-term or open-ended, full-time or part-time) and having three
months or more of service at the end of the subscription period and
(ii) early retirees and retirees of French companies in the Group
who have retained assets in the France group savings plan since
leaving the Group.
- Companies within the scope of the offer:
The Company, and
The companies of the SPIE group, whose head office is located in
France or outside France, in particular in Australia, Austria,
Belgium, Czech Republic, Germany, Hungary, Italy, Luxembourg,
Mexico, Netherlands, Poland, Romania, Slovakia, Spain, Switzerland,
United Arab Emirates, United Kingdom or in the United States.
- Terms of subscription: the shares will be subscribed directly in
Germany, Italy and United States and through a company mutual fund
for the other countries, according to the regulations and/or tax
regime applicable in the respective countries of residence of the
beneficiaries of the capital increase.
- Subscription formulae: employees can subscribe for SPIE shares
under a single “classic” subscription formula.
- Subscription ceiling: the annual payments of the beneficiaries of
the offer into the French or international group savings plan may
not, in application of article L. 3332-10 of the Labour Code,
exceed one quarter of their gross annual remuneration, subject to
other constraints resulting from local regulations.
- Unavailability of SPIE shares or corresponding company mutual
fund units: subscribers to the offer must keep the corresponding
company mutual fund shares or units for a period of approximately
five (5) years, until June 1, 2029, except in the case of early
release.
- Exercise of voting rights attached to shares: when the shares are
held through a company mutual fund, the voting rights attached to
these shares will be exercised by the supervisory board of the
company mutual fund concerned; when the shares are held directly by
employees, the voting rights will be exercised individually by the
employees concerned.
INDICATIVE TIMETABLE OF THE
OPERATION
- Fixing of the subscription price: September 17, 2024
- Subscription period: from September 26 (inclusive) to October 17,
2024 (inclusive)
- Settlement-delivery of the offer: scheduled for December 12,
2024
QUOTATION
The admission of the new SPIE shares for trading on the Euronext
Paris market (ISIN code: FR0012757854) on the same line as the
existing shares will be requested as soon as possible after the
completion of the capital increase scheduled for December 12,
2024.
SPECIAL NOTE FOR INTERNATIONAL
TRANSACTIONS
This memorandum does not constitute an offer to sell or a request
to subscribe to SPIE shares. The SPIE share offer reserved for
employees will only be implemented in countries where such an offer
has been registered or notified to the competent local authorities
and/or following the approval of a prospectus by the competent
local authorities, or in consideration of an exemption from the
obligation to draw up a prospectus or to register or notify the
offer. More generally, the offer will only be made in countries
where all the required registration procedures and/or notifications
have been carried out and the necessary authorisations have been
obtained.
POINTS OF CONTACT FOR BENEFICIARIES OF
THE OFFER
For any questions relating to this offer, beneficiaries may contact
their Human Resources manager and/or any other person as specified
in the documents given to the beneficiaries.
About SPIE
SPIE is the independent European leader in multi-technical services
in the areas of energy and communications. Our 50,000 employees are
committed to achieving the energy transition and digital
transformation alongside our customers.
SPIE achieved in 2023 consolidated revenues of
€8.7 billion and consolidated EBITA of €584 million.
Contacts
SPIE
Pascal Omnes
Group Communications Director
Tel. + 33 (0)1 34 41 81 11
pascal.omnes@spie.com |
SPIE
Audrey Bourgeois
Director of Investor Relations
Tel. + 33 (0)1 34 41 80 72
audrey.bourgeois@spie.com |
IMAGE 7
Laurent Poinsot
Press relations consultant
Tel. + 33 (0)1 53 70 74 77
lpoinsot@image7.fr |
www.spie.com
https ://www.facebook.com/SPIEgroup
http ://twitter.com/spiegroup
1 The SBF 120 is a stock market index of which SPIE is a member.
It includes the 40 companies tracked by the CAC 40 and 80 other
companies. The companies that make up the index have the most
liquid stocks, selected from the top 200 market capitalisations on
the Paris stock exchange.
2 Source FAS, from universal registration documents - December
2023
- Press Release - SPIE launches its employee shareholding plan
SHARE FOR YOU 2024
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