ALSTOM SA: Alstom announces a new employee share offering: WE SHARE ALSTOM 2023
24 Novembre 2022 - 03:47PM
ALSTOM SA: Alstom announces a new employee share offering: WE SHARE
ALSTOM 2023
Alstom announces a new employee share
offering
WE SHARE ALSTOM 2023
24 November
2022 – Alstom announces the
launch of a new employee share offering, WE SHARE ALSTOM 2023. This
offering, proposed in 21 countries, aims to associate approximately
90% of the employees to strategic objectives and development of the
group.
The offering is implemented for employees in
France, Australia, Austria, Belgium, Brazil, Canada, Czech
Republic, Germany, Hungary, India, Italy, Kazakhstan, Mexico,
Poland, Romania, Spain, Sweden, Switzerland, Thailand, United
Kingdom and United States. In France, the offering is also proposed
to employees who retired from Alstom and who still hold assets in
the Group Savings Plan France (Plan d'Epargne Groupe France,
PEG).
The offering is made in the framework of the PEG
France and the International Group Savings Plan (Plan d'Epargne
Groupe International, PEGI) of Alstom, by capital increase, on the
basis of the 19th resolution of the extraordinary general
shareholders meeting of July 12, 2022. A capital increase reserved
for a category of beneficiaries will also be made in the context of
this offering on the basis of the 20th resolution of the said
meeting.
The amount of capital increases is a maximum of
2% share capital, i.e., 7,475,675 shares. Shares will bear
immediate dividend entitlements and will be fully fungible with
existing shares upon their issuance.
Conditions of the
subscription:
Two subscription formula are proposed: (i) A
"Multiple" formula, including a leverage, proposed
on the entire scope of the implementation of the offering. By
investing in this formula, the subscriber benefits from a guarantee
on initial investment (including the matching contribution) and a
multiple of the protected average increase of the share price
determined based on the non-discounted Reference Price (as defined
below). ;(ii) A "Classic" formula, proposed in the
context of the PEG France only. By investing in this formula, the
subscriber benefits from a discounted subscription price. The
investment made in the "Classic" formula will fluctuate in the same
manner as the price of the Alstom share, both increasing or
decreasing, and thus comprises a risk of loss of capital.
The investment in this offering is subject to a
5-year lock-up period, except in the occurrence of an early exit
events provided for in Article R. 3324-22 of the French Labor Code,
subject to local restrictions.
Subscription price:
The subscription price of the shares will be
equal to the arithmetic average of the volume-weighted average
prices (VWAP) of Alstom share on Euronext recorded on the twenty
trading days preceding the date of the decision of the Chairman and
Chief Executive Director fixing the date of the start of the
subscription/revocation period ("Reference Price"), less a discount
of 20% for subscriptions in the "Multiple" formula and a 30%
discount for subscriptions in the "Classic" formula.
Voting rights:
Under the "Multiple" and the "Classic" formulas,
the voting rights pertaining to shares held in the FCPE "Alstom"
will be exercised by the Supervisory Board of the FCPE. Under the
"Multiple" formula, for certain countries within the scope as well
as for shares issued on the basis of the 20th resolution of the
aforementioned general meeting, the voting rights pertaining to
shared held directly will be exercised by the subscribers.
Indicative timetable:
The offering reservation period is scheduled
from December 5 to 20, 2022 followed by a subscription/revocation
period scheduled from February 16 to 20, 2023.Each capital increase
should be completed on March 23, 2023. These dates are indicated
for information only and may be subject to changes.
The "Multiple" formula implies implementation,
management and settlement of hedging transactions by the bank that
structures this formula, it being understood that such hedging
transactions can take place on the market or off-market, through
purchase and/or sale of shares, purchase of call options and/or any
other transactions carried out at any time, in particular during
the period of determination of the Reference Price, and on the
entire duration of the employee share plan WE SHARE ALSTOM
2023.
INFORMATION FOR THE
INTERNATIONAL IMPLEMENTATION
This press release shall not be considered as a form of
canvassing or solicitation for the subscription of Alstom shares.
The offering is strictly reserved to the beneficiaries mentioned in
this press release and will be implemented only in countries where
such an offering has been registered or notified to the competent
local authorities, or based on an exemption from the requirement to
prepare a prospectus or to proceed with registration or
notification of the offering. This communication is not intended to
be made, and copies of this press release should not be sent in
countries in which the offering remains subject to the approval of
the local authorities. More generally, the offering will only be
conducted in countries where all procedures of registration and/or
notifications have been completed and the necessary authorizations
have been obtained.
CONTACT
For any question regarding the offering, beneficiaries may
contact their Human Resources department and/or any other person
indicated in the documentation relating to the offering provided to
them.
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About Alstom |
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Leading societies to a low carbon future, Alstom develops and
markets mobility solutions that provide sustainable foundations for
the future of transportation. From high-speed trains, metros,
monorails, trams, to turnkey systems, services, infrastructure,
signalling and digital mobility, Alstom offers its diverse
customers the broadest portfolio in the industry. 150,000 vehicles
in commercial service worldwide attest to the company’s proven
expertise in project management, innovation, design and technology.
In 2021, the company was included in the Dow Jones Sustainability
Indices, World and Europe, for the 11th consecutive time.
Headquartered in France and present in 70 countries, Alstom employs
more than 74,000 people. The Group posted revenues of €15.5 billion
for the fiscal year ending on 31 March 2022. Log onto
www.alstom.com for more information |
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Contacts |
Press:Samuel MILLER - Tel.: +33 (1) 57 06 67
74samuel.miller@alstomgroup.comCoralie COLLET – Tel.: + 33 (1) 57
06 18 81coralie.collet@alstomgroup.com Investor
relations:Martin VAUJOUR – Tel.: +33 (0) 6 88 40 17
57martin.vaujour@alstomgroup.com Estelle MATURELL ANDINO –
Tel.: +33 (0)6 71 37 47
56estelle.maturell@alstomgroup.com |
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