As provided by law, the resolution authorizing increases in share capital in favor of members of a Company Savings Plan approvedduring the Extraordinary General Meeting of May 4, 2021, is resubmitted to you. The total nominal amount of share capital increaseslikely to be performed under this resolution is 22 million euros, corresponding to the issue of a maximum of 4 million shares, or 0.84%of the share capital as at December 31, 2021. This amount shall be deducted from the maximum nominal amount of 470 million euros, i.e. around 18% of the share capital, as stipulated in the 15th resolution of the Extraordinary General Meeting of May 4, 2021 relatingto the overall limit for share capital increases likely to be performed with delegation to the Board of Directors.
The 22nd resolution outlines the conditions of share capital increases reserved for members of a Company or Group Savings Plan; it is accompanied in the 23rd resolution by a similar provision for Group employees and corporate officers based abroad who cannot benefit from the shareholding mechanism which will be established pursuant to the 22nd resolution.
These two delegations will be valid for a period of 26 months for the 22nd resolution and for a period of 18 months for the 23th resolution.They shall result in the waiver by Shareholders of their preferential subscription rights in favor of the beneficiaries.
The previous employee share ownership operation took place in November 2021, in accordance with the authorization granted by the General Meeting of May 4, 2021. The share subscription price was set at 113.23 euros (120.31 euros for the United States) per share. 22,420 employees (and retired employees) in 74 countries representing 33.81% of eligible employees subscribed to this operation.
The Group wishes to continue increasing the involvement of employees in its development. These employee share ownership offerscontribute significantly to increasing employee motivation and a sense of belonging to the Group.
At the end of 2021, the share capital held by employees and former employees of the Group is estimated at 2.73% of which 1.93% corresponds to shares subscribed by employees during capital increases reserved for employees or held through dedicated mutual funds.
