Regulatory News:
Veolia Environnement (Paris:VIE) announces the launch of a new
employee shareholding operation. This operation, offered to
approximately 190,000 Group employees, aims to involve them in
Veolia's development and performance. The settlement and delivery
of the new shares to be issued is expected to take place on
September 13, 2024.
The main terms of this transaction are described below.
Issuing company
Veolia Environnement, a public limited company incorporated
under French law Listing: Euronext Paris (France) Ordinary share
ISIN code: FR0000124141 VIE
Objectives of the operation
This shareholding plan is part of the Group's policy of
developing employee shareholding and aims to strengthen the
position of employees as the company's largest shareholder. With
this operation, which offers the possibility of subscribing
directly or indirectly to Veolia Environnement shares, Veolia
wishes to involve its employees even more closely in the Group's
development, and in particular in the implementation of its new
GreenUp strategic plan, which aims to accelerate the deployment of
solutions in favor of decarbonization, depollution and regeneration
of resources.
Framework of the operation - Securities offered
The offer is proposed within the framework of the Veolia
Environnement group savings plan and international group savings
plan in accordance with Articles L. 3332-18 et seq. of the French
Labour Code and on the basis of the shareholders' authorisation
granted by the 19th resolution of the combined general meeting of
April 25, 2024. Implementation of the offering on the basis of the
resolution referred to above has been decided by the Board of
Directors on May 13, 2024. The offer concerns a maximum number of
14,508,233 shares (i.e. approximately 2% of the share capital at
the date of the combined general meeting of April 25, 2024).
The dates of the subscription/revocation period and the
subscription price will be determined by a decision of the Chief
Executive Officer, acting by delegation of the Board of Directors,
scheduled for July 31, 2024. The subscription price shall be equal
to the average of the closing prices of the Veolia Environnement
share on Euronext Paris during the twenty (20) trading days
preceding the aforementioned decision of the Chief Executive
Officer (reference price), less a discount of 15% and rounded up to
the next euro cent.
The new shares will carry immediate dividend rights.
Indicative timetable of the transaction
The timetable below is provided for information purposes only
and may be modified due to events affecting the proper conduct of
the transaction.
Reservation period: from June 3, 2024 to June 21, 2024
(inclusive) Subscription price setting: July 31, 2024
Subscription/revocation period: August 1 to 6, 2024 (inclusive)
Settlement and delivery of the offer: September 13, 2024
Terms and conditions of subscription
Beneficiaries of the offer
The offer is made pursuant to Articles L. 3332-18 et seq. of the
French Labour Code, within the framework of the Group Savings Plan
(PEG) and the International Group Savings Plan (PEGI) of Veolia
Environnement. In the United Kingdom, employees can also invest in
Veolia Environnement shares under the Share Incentive Plan.
It is open to employees of Veolia Environnement SA and
participating subsidiaries in France and in 53 jurisdictions
worldwide, with at least three months' service with the Group at
the closing date of the revocation period.
Retired and early-retired former employees who have retained
assets in the PEG since leaving the Group are eligible for the
operation, without the benefit of the matching contribution.
Subscription formulas
Beneficiaries can subscribe to Veolia Environnement shares
through two distinct offers, a secured offer with leverage effect
and a classic offer:
- The secured offer with leverage effect: the subscriber benefits
from a gross matching contribution of 100% of his/her personal
contribution up to a limit of 300 euros, a guarantee of his/her
total investment, including the matching contribution, and the
higher of either (i) a minimum guaranteed return at predetermined
rate on his/her investment, including the matching contribution, or
(ii) a multiple of the possible increase in the Veolia
Environnement share price.
- The classic offer: the subscriber invests in Veolia
Environnement shares with a 15% discount on the reference price.
The investment made in the classic offer presents a risk of capital
loss insofar as it will follow the evolution of the Veolia
Environnement share price, both upwards and downwards.
Method of holding the shares
Subscriptions are made through an FCPE or, in some countries,
through direct shareholding.
The voting rights attached to the securities held in the FCPE
will be exercised by the FCPE's Supervisory Board. Voting rights
relating to securities held directly will be exercised by the
subscriber.
Unavailability
The shares subscribed directly and the units of the FCPE will be
blocked until June 1st, 2029 unless one of the cases of early
release provided for by Articles L. 3332-25 and R. 3324-22 of the
French Labour Code, as applicable in the various countries where
the offer is deployed, occurs.
Hedging transactions
The secured leveraged offer implies that the counterparty bank
of the said offer will carry out hedging transactions, on and/or
off the markets, by means of purchases and/or sales of shares,
purchase of call options and/or any other transactions, at any time
and in particular as from the opening date of the period for
determining the subscription price and throughout the duration of
the operation.
Listing of the shares
Veolia Environnement shares are admitted to trading on Euronext
Paris. The newly issued Veolia Environnement shares will be listed
on the regulated market of Euronext Paris as soon as possible after
the completion of the capital increase. They will be admitted on
the same quotation line as the existing shares (ISIN code: FR
0000124141-VIE) and will be fully assimilated to them as soon as
they are admitted for trading.
Specific mention for the international market
This press release does not constitute an offer to sell or a
solicitation to subscribe for Veolia Environnement shares. The
offer of Veolia Environnement shares is strictly reserved for the
above-mentioned beneficiaries and will be made only in those
countries where, if applicable, such an offer has been registered
with or notified to the competent local authorities and/or
following the approval of a prospectus by the competent local
authorities, or in consideration of an exemption from the
obligation to prepare a prospectus or to register or notify the
offer.
More generally, the offer will only be made in countries where
all required registration procedures and/or notifications will have
been carried out and the necessary authorisations obtained.
The Veolia Environnement shares that may be acquired in this
offer are not subject to any recommendation by governmental market
or regulatory authorities. No advice or recommendation to invest is
given by Veolia Environnement or any employer. The investment
decision is a personal decision, which must be made by each
employee taking into account his/her or her financial resources,
investment objectives, personal tax situation, other investment
alternatives and the fact that the value of a listed share is
fluctuating. In this respect, beneficiaries are invited to consider
diversification of their investment portfolio to ensure that the
envisaged risk is not too concentrated in a single investment.
The offer is made on a voluntary basis by Veolia Environnement.
Neither Veolia Environnement nor the employers are obliged to
repeat the offer or to make similar offers in the future. The terms
and conditions of the offer do not form part of the employees'
employment contracts.
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ABOUT VEOLIA
Veolia's ambition is to become the benchmark company for
ecological transformation. With nearly 218,000 employees on five
continents, the Group designs and deploys useful, practical
solutions for managing water, waste and energy that help to
radically change the world. Through its three complementary
activities, Veolia contributes to developing access to resources,
preserving available resources and renewing them. In 2023, the
Veolia group served 113 million people with drinking water and 103
million with wastewater services, produced 42 terawatt-hours of
energy and recovered 63 million metric tons of waste. Veolia
Environnement (Paris Euronext: VIE) generated consolidated sales of
€45.3 billion in 2023. www.veolia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240602747506/en/
VEOLIA GROUP MEDIAS RELATIONS VEOLIA Laurent
Obadia - Evgeniya Mazalova Anna Beaubatie - Aurélien
Sarrosquy Tél.+ 33 (0) 1 85 57 86 25
presse.groupe@veolia.com
INVESTORS & ANALYSTS VEOLIA Ronald Wasylec -
Ariane de Lamaze Tél. + 33 (0) 1 85 57 84 76
investor-relations@veolia.com
Grafico Azioni Veolia Environnement (EU:VIE)
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Da Dic 2024 a Gen 2025
Grafico Azioni Veolia Environnement (EU:VIE)
Storico
Da Gen 2024 a Gen 2025
