BOUYGUES: BOUYGUES CONFIANCE N°12 EMPLOYEE SHARE OWNERSHIP PLAN
14 April 2023 - 08:00AM
GlobeNewswire Inc.
BOUYGUES: BOUYGUES CONFIANCE N°12 EMPLOYEE SHARE OWNERSHIP PLAN
BOUYGUES CONFIANCE N°12 EMPLOYEE SHARE
OWNERSHIP PLAN
Bouygues has decided to launch a new leveraged
employee share ownership plan, “Bouygues Confiance n°12”.
The plan involves a capital increase of a maximum of €150 million
(inclusive of share premium) reserved for employees of French
companies belonging to the Group, to be effected via a dedicated
mutual fund (“FCPE”), the units in which are subject to a lock-up
period of five years except where early release is allowed under
the law. The effect will be the issuance of a maximum of 6,845,564
new Bouygues shares at a subscription price of €21.912. The FCPE
will exercise the voting rights attached to the newly issued
shares.
In accordance with provisions of the French
Labour Code, the subscription price is equal to 70% of the average
opening quoted market prices of the share on the twenty trading
days preceding the date of the decision setting the opening date of
the subscription period. The subscription period will run from
26 May to 12 June 2023 inclusive.
The new shares to be issued will rank for
dividend from 1 January 2023. They will be admitted for
trading on the Euronext Paris market (on the same quotation line as
existing Bouygues shares) as soon as possible after completion of
the capital increase, which is scheduled for 27 June 2023. As a
reminder, 8,045,000 shares were cancelled in 2022, notably, in
anticipation of this transaction.
This plan gives Bouygues employees, including
those of the recently integrated French entities belonging to
Equans, a stake in the Group’s development and performance over the
long term, and demonstrates yet again the proactive approach to
employee share ownership which is a core component of the Group’s
culture and values.
ABOUT
BOUYGUES
Bouygues is a diversified services group
operating in over 80 countries with 196,000 employees all working
to make life better every day. Its business activities in
construction (Bouygues Construction, Bouygues
Immobilier, Colas), energies and services (Equans)
media (TF1) and telecoms
(Bouygues Telecom) are able to drive growth since they all satisfy
constantly changing and essential needs.
PRESS CONTACT:
presse@bouygues.com • Tel.: +33 (0)1 44 20 12 01
BOUYGUES SA • 32 avenue Hoche •
75378 Paris CEDEX 08 • bouygues.com
- PR Bouygues Confiance 12 VA
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