Sopra Steria Launches We Share 2023, a New Employee Share Ownership Plan
24 2월 2023 - 3:00PM
Business Wire
Regulatory News:
Sopra Steria Group (SOP, Euronext Paris [Compartment A] –
ISIN: FR0000050809) (Paris:SOP) today announced the
launch of We Share 2023, a new employee share ownership plan. Its
subscription period will run from 27 March to 12 April
2023.
We Share 2023 is being offered to approximately 96% of Sopra
Steria Group employees, in 14 countries: Belgium, Denmark, France,
Germany, India, Italy, Luxembourg, the Netherlands, Norway, Poland,
Spain, Sweden, Switzerland and the United Kingdom*. At 31 December
2022, investments managed on behalf of Group employees**
represented 6.4% of the share capital and 8.1% of voting rights,
positioning Sopra Steria as one of the leading listed French
companies when it comes to employee share ownership. At the date of
this press release, after adding the shares held directly in
registered form by current and former Group employees, these
proportions amount to nearly 10% of the share capital and 13% of
voting rights.
This new plan is in keeping with Sopra Steria’s continuing aim
to give employees the opportunity to share in the success of the
Group’s corporate plan and performance over the long term. “With
this new plan, we want to recognise the commitment of our employees
to the business and reaffirm our aim of being an independent Group,
combining our entrepreneurial DNA with our collective force,” said
Pierre Pasquier, Chairman of Sopra Steria Group’s Board of
Directors.
At its meeting of 11 January 2023, the Board of Directors
decided to implement this new employee share ownership plan under
the same conditions as the previous plans, given their success. The
plan involves the transfer of existing shares.
Under We Share 2023, employees will receive a matching employer
contribution of one free share per share purchased, with the
individual employee contribution capped at €3,000. Depending on
their country of residence, employees will be able to acquire Sopra
Steria shares either through an employee mutual investment fund
(FCPE) or directly.
The purchase price will be equal to the average of weighted
average prices for Sopra Steria shares on the Euronext Paris market
over the 20 trading days preceding the date of the decision by the
Chief Executive Officer, scheduled for 24 March 2023, setting this
purchase price as well as the start date for the subscription
period.
The plan is limited to a total of 200,000 shares: 100,000 shares
purchased by employees and 100,000 free shares granted as the
matching employer contribution. If subscriptions by employees
exceed this overall limit, the share purchase order amounts will be
reduced according to a capping method, i.e. starting with the
highest purchase order amounts, by successive iterations, until a
level is reached at which the total number of available shares can
be distributed. According to the provisional timetable, the
settlement-delivery of shares will occur on 10 May 2023.
* Including employees eligible for the Share Incentive Plan
(SIP) in the United Kingdom. ** Investments managed on behalf of
employees include shares held through company mutual funds (FCPEs),
SIPs and UK trusts.
About Sopra Steria
Sopra Steria, a European tech leader recognised for its
consulting, digital services and software development, helps its
clients drive their digital transformation to obtain tangible and
sustainable benefits. It provides end-to-end solutions to make
large companies and organisations more competitive by combining
in-depth knowledge of a wide range of business sectors and
innovative technologies with a fully collaborative approach. Sopra
Steria places people at the heart of everything it does and is
committed to putting digital to work for its clients in order to
build a positive future for all. With 50,000 employees in nearly 30
countries, the Group generated revenue of €5.1 billion in 2022.
The world is how we shape it. Sopra Steria (SOP) is listed
on Euronext Paris (Compartment A) – ISIN: FR0000050809 For more
information, visit us at www.soprasteria.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230223005587/en/
Investor Relations Olivier Psaume
olivier.psaume@soprasteria.com +33 (0)1 40 67 68 16
Press Relations Caroline Simon (Image 7)
caroline.simon@image7.fr +33 (0)1 53 70 74 65
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