Veolia: A Great Success of the Sequoia 2021 Employee Stock Ownership Plan: Over 60,000 Employees Have Chosen to Subscribe

Rhea-AI Summary

Veolia announced a capital increase operation with a subscription rate of 40%, the highest in its history, involving over 150,000 employees across 40 countries. With an investment of approximately €215 million, the company issued 9,745,281 new shares, increasing employee ownership to nearly 5% of the company's capital. This effort supports Veolia's ambition to be a leader in ecological transformation, having served 95 million people with drinking water and generated a consolidated revenue of €26.010 billion in 2020.

Positive

• Subscription rate reached 40%, highest in company history.
• Employees now own nearly 5% of company capital, reflecting their confidence.
• Investment of approximately €215 million strengthens employee involvement in value creation.

Negative

• None.

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

Veolia (Paris:VIE):

Restricted to more than 150,000 employees in 40 countries, this capital increase operation reached a subscription rate of 40%, the highest ever achieved in the Group's history.

Sequoia 2021, like all operations conducted annually since 2018, is a marker of Veolia's commitment to involve its employees in the development of their company and its value creation, in the same way as all stakeholders of the Group.

The amount invested, around € 215 million including leverage, has resulted in the issue of 9,745,281 new shares, i.e. circa 1.4% of the share capital. Following this operation, the employees now represent nearly 5% of the Company's capital, which illustrates their confidence in the Group, at a time when it is moving forward with its project to create the world champion of ecological transformation.

As of December 8, 2021, this issue brings the total number of Veolia Environnement shares in circulation to 699,725,266.

...

The Veolia Group's ambition is to become the benchmark company for ecological transformation. With a presence on five continents and nearly 179,000 employees, the company designs and deploys useful and concrete solutions for water, waste and energy management that help to radically change the world. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2020, the Veolia group served 95 million people with drinking water and 62 million with wastewater services, produced nearly 43 million megawatt hours and recovered 47 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated a consolidated revenue of €26.010 billion in 2020. www.veolia.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005831/en/

Veolia Group Press relations

Laurent Obadia - Evgeniya Mazalova

Emilie Dupas

Tel.+ 33 (0) 1 85 57 86 25/ 33 33

presse.groupe@veolia.com

Analysts & Investors

Ronald Wasylec - Ariane de Lamaze

Tel. + 33 (0)1 8557 8476 / 8480

investor-relations@veolia.com

Source: Veolia

FAQ

What is Veolia's recent capital increase operation?

Veolia's recent capital increase operation had a subscription rate of 40%, issuing over 9.7 million new shares and raising approximately €215 million.

How many employees participated in Veolia's capital increase?

More than 150,000 employees from 40 countries participated in Veolia's capital increase operation.

What percentage of Veolia's capital do employees now own?

After the capital increase, employees now own nearly 5% of Veolia's capital.

What revenue did Veolia generate in 2020?

Veolia generated a consolidated revenue of €26.010 billion in 2020.

How does Veolia contribute to ecological transformation?

Veolia designs and implements solutions for water, waste, and energy management, aiming to become the benchmark company for ecological transformation.