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ARTICLE
11 September 2024
CAPGEMINI LAUNCHES ITS ELEVENTH EMPLOYEE SHARE OWNERSHIP PLAN
External News

Capgemini

Design and strategy
All plan types
France

Capgemini has launched its eleventh Employee Share Ownership Plan (ESOP), offering approximately 97% of its employees the opportunity to subscribe to up to 2,700,000 new shares, maintaining employee shareholding at around 8% of the company’s capital. The subscription period runs from September 12 to October 1, 2024, followed by a subscription/revocation period in November, with shares offered through leveraged and guaranteed formulas to protect employees from potential losses. To neutralize the dilutive effect of the capital increase, Capgemini's Board has authorized a share buyback within the next 12 months.

ARTICLE
10 September 2024
MICHELIN LAUNCHES A NEW GLOBAL EMPLOYEE SHARE OWNERSHIP PLAN: BIB'ACTION 2024
External News

Yahoo Finance 

Design and strategy
All plan types
France

Michelin has launched a new global employee share ownership plan, "BIB'Action 2024," offering 127,000 employees in 44 countries the opportunity to buy shares at a 20% discount with additional free shares depending on the number purchased. The plan, which aims to increase employee ownership within the company, allows participants to vote at the 2025 Shareholders Meeting and receive dividends, with a five-year lock-up period on the shares. The subscription period runs from September 11 to 26, 2024, and the shares will be delivered by October 29, 2024.

ARTICLE
30 May 2024
Ipsen announces the launch of an employee shareholding plan
External News

Ipsen

Design and strategy
Stock options
France

Ipsen announced the launch of an employee shareholding plan on May 30, 2024, aimed at increasing employee participation in the company's development across 23 countries. The plan allows eligible employees to purchase existing shares at a 20% discount, with the subscription price set at €95.54 per share, capped at 1% of the company's share capital. The shares, offered under Ipsen's Group Savings Plan, will be locked up for five years, with the subscription period running from June 5 to June 19, 2024, and settlement expected by July 30, 2024.

ARTICLE
25 July 2024
Societe Generale: success of the 2024 Global Employee Share Ownership Programme
External News

Financial Times

General
Stock options
France

Societe Generale successfully completed its 2024 Global Employee Share Ownership Programme, raising EUR 186,907,707.84 and issuing 9,055,606 new shares subscribed by approximately 46,000 current and retired employees across 35 countries. The bank's share capital now stands at EUR 1,015,044,435.00, comprising 812,035,548 shares, with a minimal impact on the CET 1 ratio of around 4 basis points, effective by the end of Q3 2024. The program, the 31st of its kind, is part of Societe Generale's long-term commitment to employee involvement and sustainable value creation.

4.1 Navigating Equity Awards in a World of Swift Political Change

Examine the impact of the current political climate in Western Europe on share plans and employee taxation with insights from our expert panel. The session will explore current trends, key tax, and legal challenges, and what to expect in the near future. Gain a broader understanding of emerging issues and how they might affect your share plans.

KEY LEARNINGS:

  • Understand how the political climate in Western Europe could influence share plans and employee taxation
  • Identify key tax and legal challenges currently affecting and expected to impact share plans
  • Gain insights into emerging issues across the continent and how they may affect your strategies
Speaker/Author

Will Clifton, Baker McKenzie  
Veerle Lerut, Baker McKenzie  
Agnes Charpenet, Baker McKenzie  
Don-Tobias Jol, Baker McKenzie  
Amy Thompson, Baker McKenzie  

Event date
Wednesday, 13 Nov 2024, 15:25 - 16:15
Breakout series
Location
Affiliation Hub 1



Field of Study
Tax
Level
I

2.5 Mastering Share Sourcing and Sales: Strategies for Effective Employee Share Plans

Setting up an employee share plan involves crucial decisions about sourcing shares and managing sales effectively. Join Ghal and Tom from EQ's Corporate Dealing team, Ben McCarthy from Linklaters and Rob Lyons from M&S as they share their extensive experience in this area.  They’ll cover current trends in sourcing shares, looking at new issue or market purchase, along with key considerations for an issuer and their finance team.  Discover strategies for hedging, managing large share sales and using the Employee Benefit Trust to your advantage. There will be focus on the recent changes to dilution limits in the Investment Association’s Principles of Remuneration.

KEY LEARNINGS:

  • Learn strategies for sourcing shares, planning in advance for your share plan vesting whilst managing headroom and dilution limits.
  • Understand how an issuer can use various approaches across their share plan grants to keep their finance team and employees happy.
  • Discover effective liquidity management techniques to ensure an orderly market at vesting.
Speaker/Author

Ghal Supple, Equiniti
Tom McCulloch, Equiniti
Ben McCarthy, Linklaters
Robert Lyons, Marks and Spencer

Event date
Wednesday, 13 Nov 2024, 13:10 - 14:00
Breakout series
Location
Affiliation Hub 2
Field of Study
Specialized Knowledge
Level
O

2.1 Preparing for the EU's Pay Transparency Directive: 'A Roadmap for Share Plan Professionals'

Are you ready for the future of pay transparency? Prepare for the future of pay transparency with our session on the EU's upcoming 'Pay Transparency Directive.' Set to roll out by June 2026, this legislation will affect all member states. Discover what this means for share plan professionals and gain insights on navigating the challenges ahead.

KEY LEARNINGS:

  • Understand the implications of the EU's 'Pay Transparency Directive' for share plan professionals
  • Identify key challenges and considerations for complying with the new legislation
  • Receive a roadmap to help plan and ensure compliance with the directive.
Speaker/Author

Liz Pierson, Deloitte
Kathryn Dooks, Deloitte
Rosemary Lemon, Hays

Event date
Wednesday, 13 Nov 2024, 13:10 - 14:00
Breakout series
Location
Partnership 1
Field of Study
Specialized Knowledge
Level
A
ARTICLE
26 April 2024
TOTALENERGIES RANKS 1ST IN EMPLOYEE SHAREHOLDER OWNERSHIP IN EUROPE AT OVER €11 BILLION OF ITS CAPITAL
External News

Yahoo

Trending now
France

 

TotalEnergies has approved significant initiatives to enhance employee shareholder ownership, including allocating 100 shares to each of its 100,000 global employees, representing a historic gesture on the occasion of the company's 100-year anniversary. The company also plans a capital increase with a 30% discount for employees, reinforcing its commitment to employee shareholding, which already ranks it as the top European firm in this regard. With over 65% of its employees already shareholders, TotalEnergies aims to further solidify its value sharing policy, emphasizing sustainability and employee engagement.

ARTICLE
24 April 2024
GTT ANNOUNCES THE LAUNCH OF ITS EMPLOYEE SHAREHOLDING PLAN
External News

Yahoo Finance 

Design and strategy
All plan types
France

 

GTT announces the launch of its international employee shareholding plan, offering nearly 720 employees the opportunity to become shareholders. The plan, available in several countries, allows employees to subscribe to GTT shares at a discounted price of 111.20 euros, subject to a five-year lock-up period. Shares will be subscribed through direct shareholding or employee shareholding funds, with the subscription period running from April 25 to May 14, 2024, and settlement-delivery scheduled for June 18, 2024.