Air France-KLM launches its Employee Shareholding Plan
28 Settembre 2023 - 5:45PM
Air France-KLM launches its Employee Shareholding Plan
Paris, September 28, 2023
Air France-KLM is launching a global
employee share purchase
plan
Air France-KLM (PARIS:AF) announces its
intention to launch "Partners for the future", an employee share
purchase plan offered to around 75.000 eligible employees in 20
countries. The objective of this plan is to strengthen the link
between Air France-KLM and its employees by giving them a long-term
stake in the Group's objectives, performance and future
success.
The offer "Partners for the future" is deployed
in Australia, Brazil, Canada, Chile, China, Czech Republic, France,
French Polynesia, Germany, Hungary, India, Italy, Mauritius,
Mexico, Netherlands, Philippines, Singapore, Spain, United Kingdom
and United States of America. Around 95% of Air France-KLM’s
workforce will thus have the opportunity to participate.
The proposed shares will be issued as part of a
capital increase that may not exceed 3% of Air France-KLM's share
capital. This operation is carried out in accordance with the 34th
and 35th resolutions of the Annual General Meeting of June 7,
2023.
The offer is made within the framework of the
Employee Savings Plan, the Group Employee Savings Plan and the
International Group Employee Savings Plan set up by the Air
France-KLM group.
Mr. Benjamin Smith,
Group CEO, stated: "We are very
proud to launch this global employee share purchase plan which
reflects our determination to recognize the commitment of our
employees to the company. With this plan, we are offering our
colleagues an ever-closer involvement in the Group's development,
its prospects and the sharing of the value we are striving to
create collectively."
Terms of the operation
Eligible employees will be able to subscribe at
a discounted price with the benefit of a matching contribution from
the Air France-KLM group. The subscription price of the shares will
be equal to the arithmetic average of the quoted closing prices of
the Air France-KLM share on Euronext Paris over the 20 trading days
preceding the date of the price fixing, minus a discount of
30%.
The shares will be subject to a 5-year lock-up
period, except in case of exceptional early exit events allowed in
the employee's country of subscription. The shares will be
subscribed via a collective investment fund "Fonds commun de
placement d'entreprise" (FCPE) or, in some countries, directly by
the employees.
The new shares will carry dividend rights and
will be fully assimilated to existing shares as soon as they are
issued (ISIN code: FR001400J770).
Indicative timetable of the operation
- Date of the
decision fixing the subscription price: November 7, 2023.
- Subscription
period: from November 13 to 24, 2023.
- Capital
increase: December 21, 2023.
These dates are given for indicative purposes
only and may be modified due to events affecting the proper conduct
of the operation.
***
International disclaimer
This press release does not constitute a sale
offer or a solicitation to subscribe for Air France-KLM shares.
Outside of France, the offer is reserved to the beneficiaries
mentioned in this press release and will only be implemented in
countries where such transaction has been registered with or
notified to the appropriate local authority, or in light of an
exemption from the obligation to draw up a prospectus or to
register or notify the offer. This press release in not intended
for countries where the offer is subject to approval by the
competent authorities.
In more general terms, the offer will only be
implemented in countries where all the required registration
procedures and/or notifications have been carried out and the
necessary authorizations have been obtained.
Investor
Relations
Michiel
Klinkers Marouane
Mami
michiel.klinkers@airfranceklm.com mamami@airfranceklm.com
Website: www.airfranceklm.com
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