Amundi: Launch of the capital increase reserved for employees
Amundi: Launch
of the capital
increase reserved for
employees
Amundi launches a capital increase reserved for
employees (under the name We Share Amundi). This capital
increase was initially decided on 6 February 2024 under the terms
specified below.
This offer reflects Amundi’s desire to involve
employees not only in the Company’s development but also in the
creation of economic value. This will strengthen the employees’
sense of belonging.
The discount offered to employees will be 30%,
as for the five previous capital increase reserved for
employees.
Eligible
employees can
subscribe to the
offering between 23
September and 4 October
2024 included. The capital increase is
scheduled for 31 October 2024 and the newly issued Amundi shares
will be listed on Euronext Paris on 4 November 2024.
As a
reminder, employees
currently own 1.41
% of Amundi’s
share capital.
The impact of this offering on the net earnings
per share should be negligible. The maximum number of Amundi shares
to be issued will be capped at 1,000,000 shares (i.e. less than
0.5% of the Company’s share capital and voting rights).
Terms of
the capital
increase
Issuer
Amundi, a French limited company (société
anonyme) with share capital of €511.619.085 and with its offices
located at 91-93, Boulevard Pasteur, 75015 Paris, France,
registered with the Paris Trade and Companies Registry under number
314 222 902 (the “Company”).
Securities offered
The offering is a capital increase in cash
reserved for employees, employees who have taken early retirement
and retired employees of Amundi Group companies that are members of
the UES Amundi Company Savings Plan (“PEE”) or Amundi’s
International Group Savings Plan (“PEGI”). The capital increase
will be carried out pursuant to Resolution 24 of the Annual General
Meeting of 12 May 2023, without preferential shareholder
subscription rights.
The capital increase will be capped at 1,000,000
shares with a par value of €2.50 per share. The newly issued shares
will be fully assimilated to existing ordinary shares.
Amundi will request that the newly issued shares
under the offering be admitted for trading on Euronext Paris as
soon as possible after the capital increase is completed, currently
scheduled for 31 October 2024. These shares will be listed on
the same line as the existing shares, under ISIN code
FR0004125920.
Terms of the
2024 offering
We Share Amundi is being made available
to employees in France and Amundi Group entities in the following
countries: Austria, Czech Republic, Germany, Hong Kong, Ireland,
Italy, Japan, Luxembourg, Malaysia, Singapore, Spain, Taiwan,
United Kingdom and United States.
Employees of companies that are members of the
PEE or PEGI, with at least three months of employment, whether
consecutive or not, between 1 January 2023 and the last day of the
subscription period, as well as retired employees in France that
have kept assets in the PEE, are eligible to the 2023 offering.
The
subscription price
is set at
47.00 euros. This subscription
price is the average of the share opening price over the 20
trading days between 23 August and 19 September 2024 (included),
minus a 30% discount.
Eligible employees can subscribe to the offering between
23 September 2024 and 4 October 2024 included. Shares can
be subscribed to via the FCPE (Employment Shareholding Fund) AMUNDI
ACTIONNARIAT RELAIS 2024 or FCPE
AMUNDI SHARES RELAIS 2024, with the exception of certain countries
where shares will be subscribed to directly. Once the capital
increase is completed, and following decisions by the funds’
Supervisory Boards and the approval of the French Autorité des
Marchés Financiers (AMF), the FCPE AMUNDI ACTIONNARIAT RELAIS 2024
will be merged into the FCPE AMUNDI ACTIONNARIAT, and the FCPE
AMUNDI SHARES RELAIS 2024 will be merged into the FCPE AMUNDI
SHARES.
The voting rights attached to the shares held
via the Funds will be exercised by the Fund’s Supervisory Board.
The voting rights attached to the directly-held shares will be
exercised by the subscribers.
The shares subscribed to under We
Share Amundi will be subject to a five-year
lock-up period, unless an early-exit event occurs as described in
the PEE or PEGI plan rules. Early-exit events will be adjusted
where applicable for certain countries.
An employee can invest up to a maximum of
€40,000. This cap is assessed on all the employee shareholding
operations of the Crédit Agricole group in which Amundi employees
could participate in 2024. Employees may finance their subscription
by making voluntary contributions to the plans, up to the annual
cap on investments in employee savings plans which is set at 25% of
their gross annual compensation. Members of the UES Amundi PEE are
also entitled to use their assets held in
another specific fund of the PEE.
Should subscription requests exceed the maximum
number of shares available under the offering, the smallest
subscriptions will be fully honoured while the highest
subscriptions will be subject to successive caps until all
available shares are subscribed. In France, any cap on
subscriptions will first be applied to portions of subscriptions
financed by voluntary contributions, then on the subscriptions
financed by the transfer of available assets held in another
specific fund of the PEE, and finally on the subscriptions financed
by the transfer of unavailable assets held in another specific fund
of the PEE.
Disclaimer
This press release is for information only and
is not a solicitation to subscribe to Amundi shares.
We Share Amundi is strictly reserved to
the eligible employees mentioned in this release and shall only be
available in countries where such an offer has been registered with
the competent local authorities, or the latter has been notified
thereof, and/or following the approval of a prospectus by the
competent local authorities, or if an exemption has been granted
from the obligation to publish a prospectus or to register the
offering with the authorities, or to notify the latter thereof.
More generally, We Share Amundi will
only be available in countries where all required registration
and/or notification procedures have been completed and the
necessary authorizations obtained.
Contact
For any questions about We Share
Amundi, eligible employees may contact their Head of Human
Resources or visit the following website:
www.weshare.amundi.com
***
About Amundi
Amundi, the leading European asset manager,
ranking among the top 10 global players1, offers its 100
million clients - retail, institutional and corporate - a complete
range of savings and investment solutions in active and passive
management, in traditional or real assets. This offering is
enhanced with IT tools and services to cover the entire savings
value chain. A subsidiary of the Crédit Agricole group and listed
on the stock exchange, Amundi currently manages more than €2.15
trillion of assets2.
With its six international investment
hubs3, financial and extra-financial research
capabilities and long-standing commitment to responsible
investment, Amundi is a key player in the asset management
landscape.
Amundi clients benefit from the expertise and
advice of 5,500 employees in 35 countries.
Amundi, a trusted partner, working every day in the
interest of its clients and society
www.amundi.com
Press contacts:
Natacha Andermahr
Tel. +33 1 76 37 86 05
natacha.andermahr@amundi.com
Corentin Henry
Tel. +33 1 76 36 26 96
corentin.henry@amundi.com
Investor contacts:
Cyril Meilland, CFA
Tel. +33 1 76 32 62 67
cyril.meilland@amundi.com
Thomas Lapeyre
Tel. +33 1 76 33 70 54
thomas.lapeyre@amundi.com
Annabelle Wiriath
Tel. + 33 1 76 32 43 92
annabelle.wiriath@amundi.com
1 Source: IPE “Top 500 Asset Managers”
published in June 2023, based on assets under management as at
31/12/2022
2 Amundi data as at 31/12/2023
3 Boston, Dublin, London, Milan, Paris and
Tokyo
- Amundi 2024 - PR EN - Launch of the capital increase reserved
for employees_
Amundi (EU:AMUN)
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Amundi (EU:AMUN)
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