PARIS–(BUSINESS WIRE)–Supervision Information:
Veolia Environnement (OTC: VIE) (Paris: VIE) publicizes the launch of a brand new employee-owned enterprise. This enterprise is open to the Group’s roughly 190,000 workers and goals to contain them in Veolia’s growth and efficiency. The closing of this issuance of latest shares is predicted to happen on September 13, 2024.
The principle phrases of this transaction are as follows.
Writer
Veolia Environnement, a public restricted firm established below the legal guidelines of France
Itemizing: Euronext Paris (France)
Frequent inventory ISIN code: FR0000124141 VIE
Motion purpose
This share possession plan is a part of the Group’s worker inventory possession coverage and goals to consolidate the standing of workers as the corporate’s largest shareholders. By this enterprise, which permits the direct or oblique subscription of shares in Veolia Environnement, Veolia hopes to contain its workers extra carefully within the growth of the Group, particularly within the implementation of its new GreenUp strategic plan, which goals to speed up the deployment of environmental safety merchandise that profit Options for decarbonization, air pollution elimination and useful resource regeneration.
Working Framework – Providing Securities
This provide is made throughout the framework of the Veolia Environnement Group Financial savings Plan and the Worldwide Group Financial savings Plan in accordance with Articles L. 3332-18 et seq. In accordance with the provisions of the French Labor Regulation and in accordance with the shareholder authorization granted by the nineteenth decision of the Joint Shareholders Assembly held on April 25, 2024. Board assembly on March thirteenth.
The date of the subscription/withdrawal interval and the subscription worth can be decided by the Board of Administrators licensed by the CEO on July 31, 2024. The day by day closing worth on Euronext Paris (reference worth), much less a 15% low cost, rounded to the following euro cent.
The brand new shares will include speedy dividend rights.
Indicative timetable for transactions
The next schedule is for reference solely and could also be modified because of occasions that have an effect on the conventional conduct of transactions.
Reserving interval: June 3, 2024 to June 21, 2024 (inclusive)
Subscription worth set: July 31, 2024
Subscription/cancellation interval: August 1 to six, 2024 (inclusive)
Settlement and supply of the provide: September 13, 2024
Subscription Phrases and Situations
Beneficiaries of the provide
The provide is made in accordance with Article L. 3332-18 et seq. Throughout the framework of the Group Financial savings Plan of Veolia Group (PEG) and the Group Financial savings Plan of Veolia Environnement Worldwide (PEGI), compliance with the French Labor Code is noticed. Within the UK, workers may put money into Veolia Environnement shares below a share award scheme.
It’s open to workers of Veolia Environnement and collaborating subsidiaries in France and 53 jurisdictions worldwide who’ve labored for the Group for at the very least three months on the finish of the withdrawal interval.
Retired and early-retired former workers who retain belongings within the PEG after leaving the group are eligible to take part within the enterprise however don’t take pleasure in the good thing about matching contributions.
Subscription system
Beneficiaries can subscribe to Veolia Environnement shares by way of two totally different affords: the leveraged assured provide and the traditional provide:
- Leveraged Assured Provide: The subscriber advantages from a complete matching contribution of 100% of his private contribution, as much as a most restrict of €300, a assure of his complete funding, together with the matching contribution, and the upper of (i) his/her private contribution at a predetermined rate of interest a minimal assured return on the funding, together with matching contributions, or (ii) the a number of by which Veolia Environnement’s share worth might rise.
- Traditional provide: Subscribers put money into Veolia Environnement shares at a 15% low cost to the reference worth. Investments within the Traditional Provide are topic to danger of capital loss as it can comply with adjustments within the Veolia Environnement share worth, each upward and downward.
Shareholding technique
Subscriptions are made by way of FCPE or, in some nations, by way of direct shareholdings.
The voting rights connected to the securities held by FCPE can be exercised by the Supervisory Board of FCPE. Voting rights related to immediately held securities can be exercised by subscribers.
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Shares and FCPE items subscribed immediately can be frozen till June 1, 2029, until one of many early launch conditions offered for in Articles L. 3332-25 and R. 3324-22 of the French Labor Code happens (relevant to the deployment of this provide It occurs in each nation.
Hedging transaction
A secured leveraged provide implies that the counterparty financial institution to the provide will enter into hedging transactions on and/or off the market by shopping for and/or promoting shares, shopping for name choices and/or some other transactions at any time and specifically from the date of dedication The subscription worth is legitimate from the beginning date of the time period and all through the working interval.
Itemizing of shares
Veolia Environnement shares are admitted to commerce on Euronext Paris. After the completion of this capital improve, the newly issued shares of Veolia Environnement can be listed on the Euronext Paris regulated market as quickly as doable. They are going to be admitted on the identical quote line as current shares (ISIN code: FR 0000124141-VIE) and can be absolutely assimilated as soon as allowed to commerce.
particular point out to worldwide markets
This press launch doesn’t represent a suggestion to promote or a suggestion to subscribe for shares in Veolia Environnement. Affords of Veolia Environnement shares are strictly reserved to the above-mentioned beneficiaries and can solely be made in nations the place such provide has been registered or notified with the native competent authority and/or permitted by the native authority, as relevant. prospectus, or consideration of exemption from the duty to arrange a prospectus or register or notify the provide.
Extra usually, the Provide will solely be made in nations the place all mandatory registration procedures and/or notifications have been carried out and the mandatory authorizations have been obtained.
The Veolia Environnement shares which may be acquired on this provide usually are not topic to any suggestion by authorities market or regulatory authorities. Neither Veolia Environnement nor any employer supplies any funding recommendation or suggestions. Funding selections are private and have to be made by every worker making an allowance for his or her monetary assets, funding aims, private tax scenario, different funding choices and the truth that the worth of publicly traded shares fluctuates. On this regard, beneficiaries are requested to contemplate portfolio diversification to make sure that anticipated dangers usually are not too concentrated in a single funding.
The provide is made by Veolia Environnement on a voluntary foundation. Neither Veolia Environnement nor the Employer shall be obliged to make repeated or future comparable affords. The phrases and circumstances of the provide don’t type a part of the worker’s contract of employment.
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About Veolia
Veolia’s ambition is to grow to be a benchmark firm for ecological transformation. With almost 218,000 workers throughout 5 continents, the group designs and deploys helpful, sensible options to handle water, waste and vitality, serving to to basically change the world. By its three complementary actions, Veolia contributes to growing assets, defending accessible assets and renewing assets. In 2023, Veolia Group offered consuming water to 113 million individuals, wastewater therapy providers to 103 million individuals, produced 42 terawatt hours of vitality and recycled 63 million tons of waste. Veolia Environnement (Euronext Paris: VIE) has consolidated gross sales of €45.3 billion in 2023. www.veolia.com
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Veolia
Group Media Relations Veolia
Laurent Obadiah – Evgenia Mazarova
Anna Bobati РAur̩lien Sarrosquy
Tel + 33 (0) 1 85 57 86 25
presse.groupe@veolia.com
Traders and Analysts Veolia
Ronald Vasilek – Ariana de Ramaz
Thiel. + 33 (0) 1 85 57 84 76
investor relations@veolia.com
Supply: Veolia Environnement
