Major success for GDF SUEZ's 1st worldwide employee share ownership plan: over 67,000 employees sign up to Link 2010 , GDF Suez

Release Date: 2010-07-22

At the end of the subscription period for the Group’s first ever worldwide employee share ownership plan, which gave the Group’s 200,000 employees in around thirty countries the opportunity to become shareholders of GDF SUEZ, over 67,000 employees have signed up to the offer, representing an overall amount of 535 million Euro. This amount, which is rarely achieved by share ownership operations in France, shows the confidence that employees have in GDF SUEZ's perspectives for development.
Participation was highest in France, Belgium, Italy and Germany. Outside Europe, Brazil, Chile, Argentina and the United States recorded the most subscriptions.

The operation has been so successful that the offer is over-subscribed. Two investment products were offered : one with discount provided a dividend from the first share purchased and the other provided a lever and guaranteed capital effect. In both cases, employees must keep the shares for five years.

“I am delighted with the fantastic take-up rate for Link 2010. I am convinced that employee share ownership is an essential vector to federate, mobilise and motivate all our staff. Sharing the Group’s successes and the fruits of its growth with as many people as possible is an essential objective for me. This operation is a further symbol of a new dynamic supported by projects which are ambitious for our Group. We are proud to involve our share owing members of staff in them”, declares Gérard Mestrallet, Chairman and CEO of GDF SUEZ.

The subscription price was set on 6th July 2010 at € 19.78 per GDF SUEZ share. It includes a dividend of 20% in relation to the average price noted over 20 days. In accordance with the Board’s decisions, a reduction operation will be carried out, taking the number of shares offered to 25 million, with the final amount for the increase in capital on 24th August standing 500 million Euro.
Type: NORMAL
Company: GDF Suez
Country: 法国
 
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