(AOF) – In accordance with its policy in favor of employee shareholding, TotalEnergies is implementing its annual capital increase operation reserved for employees and former employees of the company. Employee participation in the company’s capital amounted to 7.4% as of December 31, 2023. The board of directors, at its meeting of September 21, 2023, decided to proceed, in 2024, with a further increase of capital according to several conditions.
The first is a maximum number of shares that can be issued: 18 million shares, each with a nominal value of 2.50 euros, representing a nominal amount of 45 million euros, or 0.72% of the capital social security on the date of the decision of the board of directors.
The second is the nature and characteristic of the new shares: shares of the same category as the existing shares of the company and carrying current rights. The rights attached to these new shares will be identical to those attached to the company’s existing shares.
The third is the admission of new shares to trading on Euronext: on the same line as existing TotalEnergies shares, upon their issue. American depositary receipts admitted to trading on the New York Stock Exchange may be issued in exchange for the new shares.
The fourth is the subscription price of the shares: equal to a price corresponding to the average of the closing prices of the TotalEnergies share on Euronext during the twenty trading sessions preceding the day of the decision setting the opening date for subscriptions, reduced by a discount of 30%, rounded up to the nearest tenth of a euro. The subscription price will be fixed definitively before the opening of the subscription period.
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