Capital increase reserved for employees of TotalEnergies in 2022
May 31 2022 - 1:21PM
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 15, 2021, 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 seventeenth resolution at the Shareholders’
Meeting of May 28, 2021.
On April 27, 2022, the Chairman and CEO set (i) the subscription
period from April 29 to May 13, 2022 (included) and (ii) the
subscription price at 37.00 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 20% discount and rounded off to the
highest tenth of a euro.
At the end of this period, 49,189 employees in 101 countries,
representing 42.3% of the eligible employees and former employees,
subscribed to this capital increase for an amount of 337.8 million
euros. These results are on the rise compared to 2021 in terms of
participation rate, number of subscriptions and amount
subscribed.
“This year again, TotalEnergies’ employees have confirmed their
attachment to the Company by subscribing massively to the capital
increase reserved for them. As Chairman and CEO, I am proud of it
and that comforts my conviction that the employees fully support
the strategy of transforming TotalEnergies into a multi-energy
company, which will contribute, with its stakeholders, to shaping
the just transition to which our societies aspire.”, declared
Patrick Pouyanné, Chairman and CEO of TotalEnergies.
As a result, 9 358 011 new shares will be issued on June 8,
2022. 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 7.26% of the
Company’s share capital as of June 8, 2022.
____
About TotalEnergies
TotalEnergies is a global multi-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 energy that is ever more affordable, cleaner, more
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
@TotalEnergies TotalEnergies TotalEnergies
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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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