Capgemini SE: Launch of an eighth Employee Share Ownership Plan
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Launch of an eighth Employee Share Ownership Plan
Paris, September 14, 2021 – Capgemini announces the launch of an eighth Employee Share Ownership Plan (ESOP).
The new employee share ownership plan is offered to approximately 96% of the employees and is part of the Group’s policy to associate all employees with its development and performance. The employee shareholding resulting from previous ESOPs represents 6.9% of Capgemini SE’s share capital. This eighth ESOP will be implemented through a capital increase reserved for the Capgemini employees for a maximum of 4,000,000 shares (i.e. 2.37% of outstanding shares), with settlement-delivery no later than December 16, 2021.
As in 2020, the Board of Directors of Capgemini SE at its meeting of June 16 and 17, 2021 decided to authorize a dedicated share buyback envelope. This envelope could be used within the limits of the authorization granted by the Shareholders’ Meeting of May 20, 2021 and within the next 12 months1 to neutralize all or part of the dilutive effect of this capital increase.
According to the planned schedule, the reservation period will be opened from September 15 to October 4, 2021 (inclusive) and will be followed by a subscription/revocation period from November 8 to November 10, 2021 (inclusive). The subscription price of the new shares will be set on November 3, 2021 and the capital increase will be completed on December 16, 2021.
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, 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 purch