Capital increase reserved for employees of TotalEnergies in 2022

Rhea-AI Summary

TotalEnergies SE (TTE) has announced a capital increase reserved for employees, with a subscription period from April 29 to May 13, 2022. The subscription price was set at 37.00 euros per share, reflecting a 20% discount. A total of 49,189 employees across 101 countries participated, raising 337.8 million euros. This marks a positive trend in participation compared to the previous year. Following the issuance on June 8, 2022, employee shareholders will represent 7.26% of the company's capital.

Positive

• 49,189 employees subscribed to the capital increase, representing 42.3% of eligible employees.
• The total amount raised was 337.8 million euros, indicating strong employee support.
• Employee ownership will increase to 7.26% of the company's capital.

Negative

• None.

PARIS--(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.

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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 TotalEnergies

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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220531005897/en/

TotalEnergies Contacts

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com

Source: TOTALENERGIES SE

FAQ

What is the total amount raised in TotalEnergies' employee capital increase?

TotalEnergies raised 337.8 million euros in the employee capital increase.

What percentage of eligible employees participated in the TotalEnergies capital increase?

42.3% of eligible employees participated in the capital increase.

When was the subscription period for TotalEnergies' capital increase?

The subscription period was from April 29 to May 13, 2022.

What is the new employee ownership percentage in TotalEnergies after the capital increase?

Employee shareholders will represent 7.26% of TotalEnergies' capital after the increase.

What was the subscription price per share for TotalEnergies' capital increase?

The subscription price was set at 37.00 euros per share, reflecting a 20% discount.