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PARIS - TotalEnergies (EPA:TTEF) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) has announced the implementation of its annual capital increase reserved for employees and former employees, as part of its ongoing commitment to involve them in the company’s development. With 8.4% of its share capital held by employee shareholders as of March 31, 2025, the energy giant is offering 18 million new shares, totaling a nominal amount of €45 million.
This initiative follows the authorization granted by the shareholders on May 24, 2024, allowing the Board of Directors to issue new shares without preferential subscription rights, capped at 1.5% of the share capital. The Board decided on October 30, 2024, to proceed with the capital increase under the conditions outlined, representing 0.75% of the share capital.
The new shares will be of the same category as the existing ones, with immediate dividend rights and listed on Euronext (EPA:ENX) under the ISIN code FR0000120271. American Depositary Receipts may also be issued for trading on the New York Stock Exchange in exchange for the new shares.
The subscription price has been set at €42.50 per share, a 20% discount calculated from the average closing prices on Euronext Paris over the 20 trading days preceding April 29, 2025. The subscription period is confirmed to run from May 2, 2025, to May 15, 2025.
Approximately 115,000 beneficiaries, including employees with at least three months of service and former employees who have retired or left early and have maintained investments in the company’s savings plan, are eligible for the capital increase. Additionally, a matching contribution in the form of free shares is provided, subject to the terms set by the Board.
Subscriptions can be made via employee shareholding funds (FCPEs) or directly, with voting rights exercised accordingly. The offering is subject to a five-year lock-up period, with early release permitted under specific conditions.
This capital increase is part of TotalEnergies’ broader strategy to provide sustainable energy solutions globally, employing over 100,000 people in around 120 countries.
The information is based on a press release statement from TotalEnergies SE.
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