TotalEnergies Ranks 1st in Employee Shareholder Ownership in Europe at over €11 billion of its Capital
April 26 2024 - 2:50AM
Business Wire
Regulatory News:
Employee shareholder ownership is the best way to associate the
employees with the Company’s transition strategy, and therefore it
is at the heart of TotalEnergies’ (Paris:TTE) (LSE:TTE) (NYSE:TTE)
value sharing policy. Therefore, on April 25, 2024, TotalEnergies’
Board of Directors has validated several such initiatives,
including:
- The allocation of 100 TotalEnergies shares to each of the
Company*’s 100,000 employees worldwide. This is the most
important universal grant in the Company’s history and is in honor
of its 100-year anniversary. This exceptional grant will be made to
the Company’s employees on the date of the definitive grant by the
Board, for those present on March 28, 2024. These shares will be
definitively acquired by the employees present five years after the
grant date.
- A capital increase reserved for employees and former
employees for a €46.90 subscription price equal to the average
of the closing price of TotalEnergies shares on the Euronext over
twenty consecutive trading sessions, with an exceptional 30%
discount (compared to 20% in 2023).
- The performance share allocation plan, which is carried
out annually.
TotalEnergies ranks #1 in employee shareholder ownership in
Europe
TotalEnergies’ proactive policy puts 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 (source: European Federation of Employee Share
ownership).
By year-end 2023, over 65% of TotalEnergies’ employees were
shareholders, holding about €11 billion out of the Company’s €149
billion share capital. Consequently, with 7.4% of the capital,
TotalEnergies’ employees represent the Company’s largest group of
shareholders, receiving €525 million in dividends in 2023.
"Making every one of our 100,000 employees a TotalEnergies
shareholder, with an amount of such magnitude, is a unique
initiative for a company of our size. It demonstrates our
commitment to employee shareholding, which is at the heart of our
value sharing policy", said Patrick Pouyanné, Chairman and CEO
of TotalEnergies.
***
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.
@TotalEnergies TotalEnergies TotalEnergies TotalEnergies
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” and “Company*” in this document are used to designate
TotalEnergies SE and the companies in which TotalEnergies SE holds
more than 50% of the share capital and which are directly or
indirectly controlled by TotalEnergies SE or under a joint control,
with the exception of a limited number of companies co-managed with
other oil players, as well as those registered or incorporated in a
country under economic sanctions. 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. 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 Universal 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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