In a move that underscores its commitment to employee participation and shared ownership, Capgemini has officially launched its eleventh Employee Share Ownership Plan (ESOP).
This strategic initiative aims to associate nearly 97% of the company’s employees with its growth trajectory and performance.
As the 2019 ESOP reaches its term, this new plan ensures that Capgemini’s workforce remains actively invested in the company’s success.
Capgemini ESOP Details
Approximately 97% of Capgemini’s employees are eligible to participate in this ESOP. The company’s inclusive approach ensures that team members across various roles and levels can benefit from stock ownership.
The ESOP will be implemented through a capital increase reserved exclusively for Capgemini employees. A maximum of 2,700,000 shares (equivalent to 1.56% of outstanding shares) will be allocated.
This infusion of fresh capital maintains employee shareholding at around 8% of Capgemini SE’s share capital.
The subscription price for the new shares will be determined on November 7, 2024. Employees will have the opportunity to subscribe to Capgemini shares using subscription leveraged and guaranteed formulas.
These formulas provide safeguards against potential losses during the non-tradable period. From September 12 to October 1, 2024 (inclusive), employees can express their interest in participating in the ESOP.
From November 12 to November 14, 2024 (inclusive), employees can finalize their subscriptions or revoke their initial interest. The capital increase is scheduled to be completed on December 19, 2024.
Also Watch: Q1 Results | The Future of IT/Tech Jobs in India for FY25, Click Here
Voting Rights and Implementation
Depending on the chosen formula and context, voting rights will be exercised by holders through various channels:
FCPE (Fonds Commun de Placement d’Entreprise): A common investment fund for employees.
Direct Shareholding: Employees who hold shares directly.
Financial Institution Structuring the Offer: The institution facilitating the ESOP.
Leveraged Guaranteed Offering: Capgemini’s ESOP involves hedging transactions by the financial institution structuring the offer (Crédit Agricole Corporate and Investment Bank).
These transactions occur both on-market and off-market, ensuring stability during the Reference Price fixing period (October 10 to November 6, 2024) and throughout the plan until December 19, 2029.
Also Watch: What’s Employee Value Proposition in HR- 5.0, Click Here
Summing Up
Capgemini’s commitment to employee ownership not only strengthens the bond between the company and its workforce but also aligns everyone toward shared success.
As the ESOP takes root, employees become true stakeholders, contributing to Capgemini’s journey as it continues to shape the digital industry.
Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click Here, Google News– Click Here, YouTube – Click Here, and LinkedIn– Click Here.
