Sopra Steria Launches We Share 2022, a New Employee Share Ownership Plan

Rhea-AI Summary

Sopra Steria Group (SOP) has announced the launch of its new employee share ownership plan, We Share 2022, from March 28 to April 13, 2022. This plan aims to include around 96% of its employees across 14 countries, enhancing employee engagement by allowing them to invest in the company's success. Employees can acquire shares with an employer match of one free share per purchased share, capped at €3,000. A total of 200,000 shares are available for purchase, and if demand exceeds supply, shares will be allocated proportionally. Settlement is scheduled for May 5, 2022.

Positive

• Approximately 96% of Sopra Steria employees can participate, promoting strong employee engagement.
• Employer matching contributions enhance the incentive for employees to acquire shares.
• The plan demonstrates the company's commitment to long-term employee involvement in business success.

Negative

• Total participation in the plan is capped at 200,000 shares, which may limit employee interest.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Sopra Steria Group (SOP, Euronext Paris [Compartment A] – ISIN: FR0000050809) today announced the launch of We Share 2022, a new employee share ownership plan. Its subscription period will run from 28 March to 13 April 2022.

We Share 2022 is being offered to approximately 96% of Sopra Steria Group employees, in 14 countries: Belgium, Denmark, France, Germany, India, Italy, Luxembourg, the Netherlands, Norway, Poland, Spain, Sweden, Switzerland, and the United Kingdom¹. At 31 December 2021, holdings managed on behalf of Group employees² represented 5.8% of the share capital and 7.8% of voting rights, positioning Sopra Steria as one of the leading listed French companies when it comes to employee share ownership. Adding the registered shares held directly by the Group's current and former employees, these percentages currently amount to 9% of the capital and 12% of the voting rights.

This new plan is in keeping with Sopra Steria’s continuing aim to give employees the opportunity to share in the success of the Group’s business strategy and performance over the long term. “This plan expresses a major ambition”, said Pierre Pasquier, Chairman of Sopra Steria Group’s Board of Directors. “It helps recognise employees’ commitment to Sopra Steria and reaffirms our aim of being an independent Group, combining our entrepreneurial DNA with our collective force.”

The Board of Directors decided on 12 January 2022 to implement this new employee share ownership plan by adopting the same features as the previous plans, given their success. The plan involves the transfer of existing shares.

Under We Share 2022, employees will receive an employer contribution corresponding to one free share per share acquired, with the individual employee contribution limited to €3,000. Depending on their country of residence, employees will be able to acquire Sopra Steria shares either through an employee mutual investment fund (FCPE) or directly.

The purchase price will be equal to the average of weighted average prices for Sopra Steria shares on the Euronext Paris market over the 20 trading days preceding the date of the decision by the Chief Executive Officer, scheduled for 25 March 2022, setting this purchase price as well as the start date for the subscription period.

The plan is limited to a total of 200,000 shares: 100,000 shares purchased by employees and 100,000 matching free shares granted as the employer contribution. If subscriptions by employees exceed this overall limit, the share purchase order amounts will be reduced according to a capping method, i.e. starting with the highest purchase order amounts, by successive iterations, until a level is reached at which the total number of available shares can be distributed. According to the provisional timetable, the settlement-delivery of shares will occur on 5 May 2022.

About Sopra Steria

Sopra Steria, a European Tech leader recognised for its consulting, digital services and software development, helps its clients drive their digital transformation to obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to making the most of digital technology to build a positive future for its clients. With 47,000 employees in nearly 30 countries, the Group generated revenue of €4.7 billion in 2021.
The world is how we shape it.
Sopra Steria Group (SOP) is listed on Euronext Paris (Compartment A) - ISIN: FR0000050809
For more information, please visit our website www.soprasteria.com

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¹ Including employees eligible for the Share Incentive Plan (SIP) in the United Kingdom.
² Holdings managed on behalf of employees include shares held through employee mutual investment funds (FCPEs), SIPs and UK trusts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223005862/en/

Investor Relations

Olivier Psaume

olivier.psaume@soprasteria.com

+33 (0)1 40 67 68 16

Press Relations

Caroline Simon (Image 7)

caroline.simon@image7.fr

+33 (0)1 53 70 74 65

Source: Sopra Steria

FAQ

What is the purpose of Sopra Steria's We Share 2022 plan?

The We Share 2022 plan aims to enhance employee engagement by allowing them to acquire shares and participate in the company's success.

When does the subscription period for We Share 2022 begin and end?

The subscription period runs from March 28 to April 13, 2022.

How many employees can participate in the We Share 2022 plan?

Approximately 96% of Sopra Steria employees across 14 countries are eligible to participate.

What is the employer contribution for the We Share 2022 plan?

Employees will receive one free share per share acquired, with an individual contribution limit of €3,000.

What happens if employee subscriptions exceed the 200,000 share limit?

If subscriptions exceed the limit, share purchase orders will be reduced proportionally.

When is the settlement date for the shares acquired under We Share 2022?

The settlement-delivery of shares is scheduled for May 5, 2022.