Believe launches its first collective employee shareholding offer
“B.SHARES 2022”
Paris, September 15, 2022
– Believe is launching its first collective employee shareholding offer “B.SHARES 2022”, to which employees will be able to subscribe from September 16 to October 6, 2022.
This first employee shareholding operation aims to associate more closely the employees of Believe (BLV, Euronext Paris – Compartment A) with the future development of the Group. Engaging our employees as shareholders is a key step in the implementation of our “Shaping Music for Good” corporate project driven by our four values: respect, expertise, fairness and transparency in the workplace. towards all of our stakeholders.
This operation reserved for employees will be deployed in 6 countries and will be carried out by capital increase within the limit of 480,000 shares representing approximately 0.5% of the Company’s share capital.
Terms of detention
Subscription to shares is carried out through a company mutual fund (FCPE), the FCPE “Believe Shares”, in Germany, France, India and the United Kingdom, and directly in China and in the USA.
Subscription price
The subscription price of a share under the Offer corresponds to the average of the average prices weighted by the trading volumes of the Believe share on Euronext Paris during the twenty trading sessions preceding the decision of the Chairman and Chief Executive Officer. general setting the dates of the subscription period, reduced by a discount of 20% and rounded up to the nearest hundredth of a euro.
On delegation from the Board of Directors, the Chairman and Chief Executive Officer set, on September 15, 2022, the reference price of one share at €8.62 and the subscription price of one share at €6.90.
Beneficiaries
The Offer is reserved for members of the Group Savings Plan or of the International Group Savings Plan located in the following countries: Germany, China, United States, France, India and United Kingdom, with at least three months of seniority on the date of the end of the subscription period for the Offer scheduled for October 6, 2022.
Unavailability
Shares subscribed directly, as well as FCPE units, will be blocked for a period of five years, unless one of the legal cases of early release occurs.
Exercise of voting rights
The voting rights attached to the shares held through the FCPE “Believe Shares” will be exercised by the supervisory board of the FCPE “Believe Shares”. The voting rights attached to the shares held directly by the subscribers will be exercised by the latter.
Indicative timetable
The indicated timetable for the implementation of the Offer is as follows:
setting of the subscription price: September 15, 2022
subscription period: from September 16 to October 6, 2022 inclusive
capital increase: November 3, 2022
Quoting
Admission to trading on the Euronext Paris market (ISIN Code: FR0014003FE9) of the new shares will be requested as soon as the capital increase is completed.
Specific mentions
FCPE units may not be offered or sold directly or indirectly in the United States (including its territories and possessions), to or for the benefit of a “US Person”, as defined by US regulations, and available on the website of the FCPE management company: www.amundi.com.
Pursuant to the provisions of Regulation (EU) No. 833/2014 and Regulation (EU) No. 765/2006, as amended, the Offer is not open to Russian nationals and natural persons residing in Russia, nor Belarusian nationals and natural persons residing in Belarus, except in the case of nationals of a Member State of the European Union or natural persons holding a temporary or permanent residence permit in a Member State of the ‘European Union.
About Believe
Believe is one of the world’s leading digital music companies. Believe’s mission is to support artists and labels by offering them digital solutions adapted to their evolving needs at each stage of their development. Believe relies on its technological platform, on the unique digital expertise of its employees to advise its artists and labels, distribute and promote their music. Its 1,565 employees present in more than 50 countries support them with unique digital expertise, respect, fairness and transparency. Believe offers its various solutions through a portfolio of brands including, among others, TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. Believe is listed on compartment A of the regulated market of Euronext Paris (Ticker: BLV, ISIN: FR0014003FE9).
www.believe.com
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Attachment
Believe – ORS 2022 – Press Release – EN