SUEZ ENVIRONNEMENT (EPA:SEV) - The SUEZ Group launches its fifth employee shareholding plan in France : SHARING 2021
Transparency directive : regulatory news
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Paris, January 14, 2021
The SUEZ Group launches its fifth employee shareholding plan in France:
Starting on January 15, 2021, SUEZ offers its nearly 30,000 employees in France
the opportunity to subscribe to SHARING 2021, its fifth employee shareholding
plan. The share subscription offer is part of the Group's policy to increase
employee shareholding and falls in line with the SUEZ 2030 strategic plan,
which involves increasing employee shareholding. The latter currently accounts
for 4% of SUEZ's share capital.
The subscription offer is scheduled for international employees in the second
half of 2021, allowing SUEZ to strengthen its relationship with all of its
employees by offering them the possibility to be more closely involved in the
Group's growth and overall performance.
Bertrand Camus, CEO of SUEZ, commented: "I have every confidence in our ability
to come together and outperform to create more value for our clients, their
satisfaction and the environment. The new SHARING 2021 offer helps us to remain
united, confident and committed to our SUEZ 2030 strategic plan."
The terms and conditions of this offer are outlined in the appendix.
Media Relations: Analysts & Investors Relations:
Isabelle Herrier Naufle Cécile Combeau/Baptiste Fournier/Julien Minot
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Since the end of the 19th century, SUEZ has built expertise aimed at helping
people to constantly improve their quality of life by protecting their health
and supporting economic growth. With an active presence on five continents,
SUEZ and its 90,000 employees strive to preserve our environment's natural
capital: water, soil, and air. SUEZ provides innovative and resilient solutions
in water management, waste recovery, site remediation and air treatment,
optimizing municipalities' and industries' resource management through "smart"
cities and improving their environmental and economic performance. The Group
provides sanitation services to 64 million people and produces 7.1 billion m3
of drinking water. SUEZ also contributes to economic growth, with 200,000 jobs
created directly and indirectly on an annual basis, and provides new resources,
with 4.2 million tons of secondary raw materials produced. By 2030, the Group
is targeting 100% sustainable solutions, with a positive impact on our
environment, health and climate. SUEZ generated total revenue of EUR18.0
billion in 2019.
Find out more about the SUEZ Group on the website & on social media
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Euronext Paris - Compartment A
ISIN code for ordinary shares: FR0010613471
Share admitted to the Deferred Settlement System (SRD)
SHARING 2021 France options
As part of its SHARING 2021 plan, SUEZ is offering its employees a "multiple"
plan under which the subscriber receives, at maturity, at least the amount of
his/her personal contribution and an employer contribution limited to a gross
amount of EUR500 to which is added a guaranteed return on the personal and
employer contributions, or if it is higher, a multiple of the performance of
The shares will be subscribed by the beneficiaries via an employee shareholding
The subscription price will be equal to 85% of the average closing price of
SUEZ shares on the Euronext Paris market during the 20 trading days preceding
the date the subscription price is set by the Board of Directors or by the
Chief Executive Officer acting by delegation.
The maximum amount of shares subscribed under Resolution 28 and Resolution 20
submitted for voting to the General Meeting of May 12, 2020 is set at 12.5
million shares. All subscriptions are honored up to the amount of the average
subscription to the plan concerned. Subscriptions above this average will be
The resulting shares will confer current entitlement.
The beneficiaries of this shareholder offering are the employees of the Company
and member companies of the SUEZ Group Savings Plan.
This includes employees, corporate officers meeting the terms and conditions of
Article L.3332-2 of the French Labor Code, provided they have been in service
for at least three months on the final day of the subscription/retractation
period, which is March 18, 2021, as well as retirees who have kept their
holding in the SUEZ Group Savings Plan.
All employee payments (excluding employee incentives and employee shareholding)
in all savings plans during 2021 plus the amount paid by the lead bank, equal
to nine times the personal contribution added to the employer's contribution
net of the French supplementary social security (CSG) and social security debt
retirement taxes (CRDS) in Sharing 2021 must not exceed 25% of gross annual
Subscribers to the offering must hold their FCPE units until March 18, 2021
(excluded), unless released early.
FCPE unitholders will exercise their voting rights at SUEZ General Meetings
through the funds' supervisory board.
Indicative timeline for the SHARING 2021 offering
Reservation period: January 15-25, 2021
Subscription price set on: March 4, 2021
Subscription/revocation period: March 5-9, 2021
(1) (Fonds commun de placement d'entreprise [FCPE]).
Settlement/delivery of shares: March 18, 2021
These dates are indicative and may change.
SUEZ new shares are scheduled for admittance to trading on the Euronext Paris
market (ISIN code: FR0010613471 - SEV) on March 18, 2021. These new shares will
be similar to existing shares.
The bank that intervenes in the leveraged offer (or "multiple" plan) enters
into hedging agreements on and off markets, buying and/or selling shares,
purchasing call options and/or other transactions, at any time, both prior to
the set-up and throughout the duration of SHARING 2021.
All necessary information about SHARING 2021 for beneficiaries is available in
the subscription pack sent to the employees. They will also find some
information on who to contact about the operation in the subscription pack sent
over to them.
Beneficiaries subscribing to shares through an FCPE should read the key
investor information document (KIID) and the regulations for each fund for full
Head Office ? Tour CB21, 16 Place de l?Iris, 92040 Paris La Défense Cedex,
France ? Tel: +33 (0)1 58 81 20 00 ? www.suez.com
Limited Liability Company with a share capital of EUR2,513,450,316 ? Siren
(French business administration number) 433 466 570 RCS NANTERRE ?
VAT FR 76433 466