Capgemini launches its tenth Employee Share Ownership Plan
September 14 2023 - 10:45AM
Capgemini launches its tenth Employee Share Ownership Plan
Media
relations:Victoire GruxTel.: +33 6 04 52 16
55victoire.grux@capgemini.com
Investor relations:Vincent
BiraudTel.: +33 1 47 54 50 87vincent.biraud@capgemini.com
Capgemini launches its tenth Employee
Share Ownership Plan
Paris, September 14, 2023 –
Capgemini announces the launch of its
tenth Employee Share Ownership Plan (ESOP).
This new employee share ownership plan is
offered to approximately 97% of the employees and is part of the
Group’s policy to associate all employees with its development and
performance. This ESOP will be implemented through a capital
increase reserved for the Capgemini employees for a maximum of
3,200,000 shares (i.e. 1.84% of outstanding shares), with
settlement-delivery no later than December 19, 2023. As the 2018
ESOP reaches its term at the end of the year, this tenth plan will
help maintain employee shareholding at around 8% of Capgemini SE’s
share capital.
As in 2022, the Board of Directors of Capgemini
SE at its meeting of June 14 and 15, 2023 decided to authorize a
dedicated share buyback envelope. This envelope could be used
within the next 12 months1 to neutralize all or part of the
dilutive effect of this share capital increase.
According to the planned schedule, the
reservation period will be opened from September 15 to October 4,
2023 (inclusive) and will be followed by a subscription/revocation
period from November 13 to November 15, 2023 (inclusive). The
subscription price of the new shares will be set on November 10,
2023 and the share capital increase will be completed on December
19, 2023.
Employees will be able to subscribe to Capgemini
shares within the framework of subscription leveraged and
guaranteed formulas. These formulas will allow employees, until the
shares become available, to benefit from a guarantee on the amount
invested into this plan. The voting rights will be exercised by the
holders who – depending on the formula and the context – will be an
FCPE (Fonds Commun de Placement d’Entreprise), the employees via
direct shareholding and/or the financial institution structuring
the offer or its counterparties.
The implementation of the leveraged guaranteed
offering implies hedging transactions entered into by the financial
institution structuring the offer (Crédit Agricole Corporate and
Investment Bank), on market or off- market, through purchases
and/or sales of shares, purchase of call options and/or any other
transactions, at any time, including during the Reference Price2
fixing period, i.e. from October 13 to November 9, 2023, and over
the entire course of the plan, i.e. until December 19, 2028.
DisclaimerThis press release
may contain forward-looking statements. Such statements may include
projections, estimates, assumptions, statements regarding plans,
objectives, intentions and/or expectations with respect to future
financial results, events, operations and services and product
development, as well as statements, regarding future performance or
events. Forward-looking statements are generally identified by the
words “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“plans”, “projects”, “may”, “would”, “should” or the negatives of
these terms and similar expressions. Although Capgemini’s
management currently believes that the expectations reflected in
such forward-looking statements are reasonable, investors are
cautioned that forward-looking statements are subject to various
risks and uncertainties (including without limitation risks
identified in Capgemini’s Universal Registration Document available
on Capgemini’s website), because they relate to future events and
depend on future circumstances that may or may not occur and may be
different from those anticipated, many of which are difficult to
predict and generally beyond the control of Capgemini. Actual
results and developments may differ materially from those expressed
in, implied by or projected by forward-looking statements.
Forward-looking statements are not intended to and do not give any
assurances or comfort as to future events or results. Other than as
required by applicable law, Capgemini does not undertake any
obligation to update or revise any forward-looking statement.This
press release does not contain or constitute an offer of securities
for sale or an invitation or inducement to invest in securities in
France, the United States or any other jurisdiction.
Important noticeThis press
release does not constitute an offer to sell or a solicitation of
offers to subscribe to Capgemini shares. The capital increase of
Capgemini reserved for employees will be conducted only in
countries where such an offering has been registered with 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 of the requirement to prepare a
prospectus or to proceed to a registration or notification of the
offering.More generally, the offering will only be conducted in
countries where all required filing procedures and/or notifications
have been completed and the required authorizations have been
obtained.
About CapgeminiCapgemini is a
global leader in partnering with companies to transform and manage
their business by harnessing the power of technology. The Group is
guided every day by its purpose of unleashing human energy through
technology for an inclusive and sustainable future. It is a
responsible and diverse organization of nearly 350,000 team members
in more than 50 countries. With its strong 55-year heritage and
deep industry expertise, Capgemini is trusted by its clients to
address the entire breadth of their business needs, from strategy
and design to operations, fueled by the fast evolving and
innovative world of cloud, data, AI, connectivity, software,
digital engineering, and platforms. The Group reported in 2022
global revenues of €22 billion.Get The Future You Want
| www.capgemini.com
1 As from June 15, 2023, subject to renewal by the Shareholders’
Meeting of the share buyback authorization currently in force.2 The
Reference Price corresponds, in accordance with the provisions of
Article L.3332-19 of the French Labor Code, to the arithmetic
average of the volume-weighted average daily trading prices of
Capgemini SE shares on Compartment A of Euronext Paris over the 20
trading days preceding the setting of the subscription price.
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