(Boursier.com) — In accordance with its policy in favor of employee shareholding, TotalEnergies SE is implementing its annual capital increase operation reserved for employees and former employees of the company TotalEnergies.
TotalEnergies SE therefore wishes to continue to closely involve the Company’s employees in its development. Employee participation in the Company’s capital, within the meaning of Article L. 225-102 of the Commercial Code and Article 11 paragraph 6 of the Company’s statutes, amounted to 7.4% as of December 31. 2023.
The General Meeting of May 26, 2023, in its sixteenth resolution, delegated to the Board of Directors its authority to decide, within a maximum period of twenty-six months, one or more capital increases through the issue of ordinary shares. with removal of preferential subscription rights, within the limit of 1.5% of the existing share capital on the date of the Board meeting deciding on the operation, reserved for members of a company savings plan, in accordance with the provisions, on the one hand, articles L. 225-129 et seq., L. 225-138 and L. 225-138-1 of the Commercial Code, and on the other hand, articles L. 3332-1 to L. 3332 -9 and L. 3332-18 to L. 3332-24 of the Labor Code.
By virtue of this delegation, the Board of Directors, at its meeting of September 21, 2023, decided to proceed, in 2024, with a new capital increase reserved for employees and former employees of the Company under the conditions described below. After :
Maximum number of shares that can be issued and total amount of the offering: 18 million shares, each with a par value of 2.50 euros, representing a nominal amount of 45 million euros, or 0.72% of the share capital on the date of the decision of the Board of Directors.
Nature and characteristics 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 existing shares of the Company and are detailed in the statutes of TotalEnergies SE.
Admission of new shares to trading on Euronext: on the same line as existing TotalEnergies shares (ISIN code FR0000120271), upon their issue. American depositary receipts admitted to trading on the New York Stock Exchange may be issued in exchange for the new shares.
Subscription price of shares: equal to a price corresponding to the average closing price 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 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.
Indicative timetable (subject to the decision of the Chairman and CEO):
– Setting the subscription price: April 25, 2024;
– Subscription period: from April 29 to May 14, 2024 (inclusive).