Capital Increase Reserved for Employees of TotalEnergies in 2022
TotalEnergies SE is executing its annual capital increase aimed at employees and former employees, intending to enhance employee shareholding. Up to 18 million shares, equivalent to €45 million (0.68% of capital), will be offered at a price reflecting a 20% discount from the average market price. The subscription period is scheduled from April 29 to May 13, 2022. This initiative supports employee engagement in the company's growth and aligns with its broader shareholding policies, as employees held 6.8% of the company's capital as of December 31, 2021.
- Employee shareholding initiative to enhance engagement.
- 18 million shares offered, boosting employee involvement.
- 20% discount on share subscription price.
- Dilution of existing shareholders' equity due to new share issuance.
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In accordance with its policy in favor of employee shareholding,
The seventeenth resolution of the Shareholders’ Meeting held on
The Board, pursuant to the above-mentioned authorization, decided during its meeting on
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Maximum number of shares to be offered and
total amount of the offer: 18 million shares with a nominal value of€2.50 each, representing atotal nominal amount of€45 million , which is the equivalent of0.68% of the share capital as of the date of the Board’s decision.
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Description of the newly issued shares: same category as existing TotalEnergies shares with immediate dividend rights. The rights attached to the newly issued shares are the same as the rights attached to the existing shares of the Corporation, and are described in the Articles of
Association of TotalEnergies SE .
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Listing of the newly issued shares on Euronext: on the same line as existing TotalEnergies shares (ISIN code FR0000120271), from their issuance. American Depositary Receipts admitted to trading on the
New York Stock Exchange may be issued in exchange for the new shares.
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Share subscription price: equal to price corresponding to the average of the last listed prices of the TotalEnergies shares on Euronext over the 20 trading sessions preceding the date of the decision setting the opening date for the subscription period (“Reference Price”), reduced by a
20% discount, and rounded off to the highest tenth of a euro. The subscription price will be definitively fixed before the beginning of the subscription period.
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Indicative timeline (subject to the Chairman and CEO’s decision):
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Determination of the subscription price:
April 27, 2022 ; -
Subscription period: from
April 29, 2022 toMay 13, 2022 (included).
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Determination of the subscription price:
Please refer to the appendix to this press release for further information on this operation.
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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 105,000 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 program, reserved to eligible employees and retirees of the Company, will be implemented in
This press release is produced for information purposes only and does not constitute an offer for the sale or the subscription of securities. Moreover, this press release should not be distributed in the countries where the offering remains subject to approval of the local authorities.
The offer will be issued only in the countries where the local administrative and regulatory procedures have been implemented (in particular, the registration procedures, notification, granting of authorizations and/or applicable exemptions and the information or the consultation of the representatives of the employees).
This press release represents the document required to qualify for the exemption from the requirement to publish a prospectus as defined in Articles 1 4°i) and 5°h) of the Regulation (UE) 2017/1129 of
Appendix to the press release on
Issuer:
Information related to
Scope of the reserved offering: corporations and Beneficiaries
Approximately 115,000 beneficiaries are eligible to participate in the 2022 capital increase.
Subject to compliance with regulations and required administrative approvals being obtained in the different countries, this capital increase will be reserved to employees and former employees of the Corporation and its French and non-French subsidiaries, the capital or voting rights of which, as of the opening date for the subscription period, are directly or indirectly held at more than
- employees of
- who have at least 3 months of employment with the Company as of the last day of the subscription period; and
- former employees of
- have left the Company due to retirement or early retirement;
- had made at least one payment in the PEG-A before termination of their employment;
- still have assets invested in the PEG-A, and, thus, are members of the plan.
Matching contribution
Employees subscribing to the offering will benefit from a matching contribution in the form of a free allotment of additional shares, determined based on the amount of the personal contribution and within the limits of five free shares per employee and within the maximum amount of the offering set by the Board at its meeting on
Subscription terms and conditions
The beneficiaries will have the opportunity to subscribe via employee shareholding funds (“FCPEs”) created for the needs of this offering and which have been approved by the AMF. In the countries where this option is not available the shares will be directly subscribed.
Voting rights attached to the shares subscribed through an FCPE will be exercised by the Supervisory Board of such FCPE. With respect to the shares subscribed directly by employees, the voting rights will be exercised by the subscribers individually.
Maximum subscription
Pursuant to Article L. 3332-10 of the French Labor Code, the amount of the payments made each year by an employee as part of a savings plan (excluding matching contribution and profit-sharing schemes, i.e., intéressement and participation) cannot exceed one quarter of the employee’s gross annual salary.
Lock-up period for the units or shares
Pursuant to Article L. 3332-25 of the French Labor Code, shares or FCPE units subscribed in this offering must be held during a lock-up period of five years, except for certain early release cases provided for by Articles L. 3324-10 et R. 3324-22 of the French Labor Code. For beneficiaries who are not French tax residents, the list of early release cases may be adapted due to legal provisions applicable locally.
Rule for reduction of subscription requests
The capital increase will be fulfilled by the
- all subscription undertakings will be fully honored up to the subscription average, defined as the quotient between the maximum number of shares offered by the Board and the number of subscribers,
- subscriptions undertakings that exceed the subscription average will be fulfilled in proportion to the number of subscription undertakings not yet fulfilled with the reduction being made as follows:
- the reduction will be carried out on a pro rata basis according to the subscription undertakings; and
- the reduction will be carried out first on the portion of the offer paid with salary advance, then on the portion paid in cash.
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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
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