Capgemini Press Release// Highly successful 7th Employee Share Ownership Plan
November 19 2020 - 11:45AM
Capgemini Press Release// Highly successful 7th Employee Share
Ownership Plan
Media relations:Florence Lièvre
Tel: +33 1 47 54 50 71E-mail: florence.lievre@capgemini.com
Investor relations:Vincent Biraud
Tel.: +33 1 47 54 50 87E-mail: vincent.biraud@capgemini.com
Highly successful 7th Employee Share
Ownership Plan
-
Employee subscription rate of 174%
- Dilution neutralized by the share buyback
agreement
Paris, November 19, 2020 –
Capgemini today announced the significant oversubscription
of its seventh employee share ownership plan, which amounted to 3
million shares representing approximately 1.8% of the Group’s share
capital. This transaction will be carried out without diluting
existing shareholders since the recently executed share buyback
enabled the Group to repurchase the same number of shares, in view
of cancelling them.
The seventh employee shareholding plan, aimed at
associating employees with the development and performance of the
Group, was a great success with a subscription rate of 174%. Close
to 41,000 employees in the 26 participating countries subscribed to
the plan, representing 16% of the Group’s eligible headcount. This
new Employee Share Ownership Plan (ESOP) will bring employee share
ownership above 6% of the capital.
For Aiman Ezzat, Chief Executive Officer of the
Capgemini Group: “Capgemini has always been committed to involving
its employees in the development and performance of the Group. The
success of this seventh edition of our employee shareholding plan
is a testament to our confidence in our ability to build an
inclusive and sustainable future together, particularly in the
context of the pandemic that is raging around the world.”
In accordance with the terms of the employee
share ownership plan published on September 16, 2020, 3,000,000 new
shares, i.e. the maximum number of shares offered, were subscribed
at a unit price of 92.93 euros (corresponding to 87.5% of the
reference price of 106.20 euros). The corresponding capital
increase of 278.8 million euros is scheduled for December 17,
2020.
Under the share buyback agreement entered into
on October 7, 2020 and designed to neutralize the dilutive effect
of this capital increase, Capgemini SE bought back 3,000,000 shares
for a total amount of 318.6 million euros i.e. 106.20 euros per
share. These shares, fully allocated to the cancellation objective,
were settled and delivered on November 6, 2020.
About Capgemini
Capgemini is a global leader in consulting,
digital transformation, technology, and engineering services. The
Group is at the forefront of innovation to address the entire
breadth of clients’ opportunities in the evolving world of cloud,
digital and platforms. Building on its strong 50-year heritage and
deep industry-specific expertise, Capgemini enables organizations
to realize their business ambitions through an array of services
from strategy to operations. A responsible and multicultural
company of 265,000 people in nearly 50 countries, Capgemini’s
purpose is to unleash human energy through technology for an
inclusive and sustainable future. With Altran, the Group reported
2019 combined global revenues of €17 billion.
Visit us at www.capgemini.com.
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Capgemini_-_2020-11-19_-_Success_of_the_Employee_Shareholding_Plan
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