Press release
Launch of the capital increase reserved for employees
This offer reflects the Company’s desire to involve employees not only in the Company’s development but also in the creation of economic value which enables to strengthen the employees’ sense of belonging.
The impact of this offering on net earnings per share should be negligible. The maximum number of
The discount offered to employees will be 30%, as in 2019 for the previous capital increase reserved for employees, in accordance with the provisions set out in the French PACTE law1.
Eligible employees can subscribe to the offering between 28 September and
As a reminder, employees currently own 0.5% of Amundi’s share capital.
Terms of the capital increase
Issuer
Securities offered
The offering is a capital increase in cash reserved for employees, employees who have taken early retirement and retired employees of
The capital increase will be capped at 1,000,000 shares with a par value of €2.50 per share. The newly issued shares will be fully assimilated to existing ordinary shares.
Terms of the 2020 offering
We Share Amundi is being made available to employees in
Employees of companies that are members of the PEE or PEGI, of at least three months of employment, whether consecutive or not, between
The subscription price is set at
Eligible employees can subscribe to the offering between
Shares can be subscribed to via the FCPE (
The voting rights attached to the shares held via the Funds will be exercised by the Fund’s Supervisory Board. The voting rights attached to the directly-held shares will be exercised by the subscribers.
The shares subscribed to under We Share Amundi will be subject to a five-year lock-up period, unless an early exit event occurs as described in the PEE or PEGI plan rules. Early exit events will be adjusted where applicable for certain countries.
An employee can invest up to a maximum of €40,000. Employees may finance their subscription by making voluntary contributions to the plans, up to the annual cap on investments in employee savings plans which is set at 25% of their gross annual compensation. Members of the UES Amundi PEE are also entitled to use their assets held in another specific fund of the PEE.
Should subscription requests exceed the maximum number of shares available under the offering, the smallest subscriptions will be fully honoured while the highest subscriptions will be subject to successive caps until all available shares are subscribed. In
Disclaimer
This press release is for information only and is not a solicitation to subscribe for
We Share Amundi is strictly reserved to the eligible employees mentioned in this release and shall only be available in countries where such an offer has been registered with the competent local authorities, or the latter has been notified thereof, and/or following the approval of a prospectus by the competent local authorities, or if an exemption has been granted from the obligation to publish a prospectus or to register the offering with the authorities, or to notify the latter thereof.
More generally, We Share Amundi will only be available in countries where all required registration and/or notification procedures have been completed and the necessary authorisations obtained.
Contact
For any questions about We Share Amundi, eligible employees may contact their Head of Human Resources and visit the following website: www.weshare.amundi.com
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About
With its six international investment hubs3, financial and extra-financial research capabilities and long-standing commitment to responsible investment,
www.amundi.com
Press contact: | Investor contacts: | |
Tel. +33 (0)1 76 37 86 05 natacha.andermahr-sharp@amundi.com | Tel. +33 (0)1 76 32 17 16 anthony.mellor@amundi.com | Tel. +33 (0)1 76 33 70 54 thomas.lapeyre@amundi.com |
1Plan d’Action pour la Croissance et la Transformation des Entreprises or Action Plan for growth and corporate transformation
2 Source: IPE “Top 500 Asset Managers”, published in June 2020, based on AuM at 31/12/2019.
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Attachment
Amundi 2020 - PR launch employees share issue
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