SPIE (EPA:SPIE) - SPIE - Press release - Employee shareholding a new success for SPIE

Transparency directive : regulatory news

12/12/2019 18:15

Press release

                 Employee shareholding: a new success for SPIE

  A Europe-wide initiative recognised by the Euronext-FAS IAS index with the
                          award of its Grand Prix

Cergy, 12 December 2019 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, announces
the success of its SHARE FOR YOU 2019 employee shareholding plan. This plan
aimed at providing every SPIE employee with a new opportunity to become
shareholder of the company under preferential terms and to participate in the
Group's performance and development over the long term.

Employee shareholding is part of SPIE's culture. 34% of employees are already
shareholders of the company. The SHARE FOR YOU 2019 plan, the third since the
SPIE group was listed on the stock exchange, generated strong employee support
as in 2018: once again, 6,000 employees subscribed to the offer on preferential
terms. The employees of the eight companies that have been acquired since the
last operation actively participated.

"Our employees' high level of participation in this employee shareholding plan,
the third since our initial public offering, is yet another indication of their
confidence in our Group and I thank them", said Gauthier Louette, Chairman and
Chief Executive Officer of SPIE. "The Executive Committee and I are also
particularly proud of the mobilisation of the employees of recently acquired
companies, which demonstrates their support of SPIE's strategy."

Employee contributions represent EUR 23,463,335.12. Upon completion of this
operation, SPIE will issue 1,840,261 new shares on 12 December 2019.

Under this new iteration of SHARE FOR YOU, which ran in 12 countries from 10
October to 6 November this year, SPIE employees were among the first ones to
benefit from the new provisions of the PACTE Act(1), raising the potential
discount for collective employee shareholding plans from 20% to 30%.

(1) Act No 2019-486 of 22 May 2019 relating to growth and transformation of
businesses.

Initiative rewarded with the Euronext-FAS IAS index Grand Prix

SPIE's longstanding commitment to employee shareholding was recently rewarded
on 11 December 2019 with the "Euronext-FAS IAS index Grand Prix" at the 15th
FAS Grand Prix ceremony held in Paris. The jury stressed SPIE's ability to
sustainably develop employee shareholding and to give it an international
dimension. In October 2017, SPIE entered the FAS IAS index, which includes all
companies from the CAC All-Tradable index that meet all three of the following
conditions: at least 3% of the capital is owned by employees; 15% of the global
workforce hold shares; and 25% of the French workforce hold shares.

About SPIE

As the independent European leader in multi-technical services in the areas of
energy and communications, SPIE supports its customers to design, build,
operate and maintain energy-efficient and environmentally-friendly
facilities.

With more than 46,400 employees and a strong local presence, SPIE achieved in
2018 consolidated revenues of EUR6.7 billion and consolidated EBITA of EUR400
million.

Press contacts

SPIE
Pascal Omnès
Group Communications Director
Tel. + 33 (0)1 34 41 81 11
pascal.omnes@spie.com

SPIE
Elisabeth Rasmussen
Group Human Resources Director
Tel. + 33 (0)1 34 41 81 54
elisabeth.rasmussen@spie.com

Agence Droit Devant
Philippe Hériard
Public Relations Consultant
Tel. + 33 (0)1 39 53 53 33
heriard@droitdevant.fr

www.spie.com
https://www.facebook.com/SPIEgroup
http://twitter.com/spiegroup

SPIE's latest news

03/11/2023 06:52

SPIE (EPA:SPIE) - SPIE - Press release - Employee shareholding a new success for SPIE

Transparency directive : regulatory news

SPIE's latest news

Other stories