Capgemini's New Employee Share Ownership Plan Boosts Team Engagement

Capgemini's New Employee Share Ownership Plan Enhances Team Engagement

Capgemini has launched its eleventh Employee Share Ownership Plan (ESOP), a significant initiative aimed at engaging its workforce and promoting long-term commitment to the company's growth.

A Strong Commitment to Employee Engagement

This newly introduced ESOP is set to benefit approximately 97% of Capgemini's employees, aligning their interests closely with the company's performance and overall success. By facilitating this capital increase reserved for employees, Capgemini demonstrates its dedication to fostering a culture where employees feel valued and engaged.

Sharing Ownership and Responsibility

The plan allows for the allocation of a maximum of 2,700,000 shares, representing about 1.56% of the total outstanding shares. This effort aims not only to maintain but also to enhance employee ownership, ensuring that it stays around 8% of Capgemini SE's share capital, similar to prior initiatives.

Timeline of Events for the ESOP

Capgemini has outlined a clear timeline for the ESOP's implementation. The reservation period runs from September 12 to October 1, and this is followed by a subscription/revocation phase from November 12 to November 14. The subscription price, which will determine how much employees pay for the shares, is set for November 7. The capital increase will be finalized by December 19.

Protecting Employees' Interests

To safeguard employees during the non-tradable period of these shares, Capgemini is introducing subscription leveraged and guaranteed formulas. These measures are designed to provide equitable protection against potential losses, showcasing the company's commitment to its employee's financial well-being.

Leverage and Guarantees Through Financial Strategy

Structured by Crédit Agricole Corporate and Investment Bank, the leveraged guaranteed offering will involve various hedging transactions. These transactions may encompass the buying and selling of shares and the purchase of call options, contributing to overall market dynamics from October to the plan's completion in December 2029.

Broader Implications for Capgemini

The introduction of this ESOP is indicative of Capgemini's forward-thinking approach. By continuously involving their employees in the ownership structure, Capgemini strengthens its organizational fabric. With over 340,000 team members around the world, this plan seeks to create collective responsibility and pride among employees—turning them into stakeholders in the company's future.

About Capgemini

Capgemini operates as a global partner for business and technology transformation. The company specializes in assisting organizations in navigating their dual transition to both a digital and sustainable world. With a diverse team spanning more than 50 countries, Capgemini embraces a responsible corporate ethos, ensuring that its clients unlock the full value of technology.

In the previous fiscal year, Capgemini reported revenues of approximately €22.5 billion, affirming its position as a leader in the industry, helping diverse sectors harness the potential of AI, cloud, and data. As part of reinforcing its commitment to sustainability, Capgemini integrates robust industry expertise into its strategies, always pursuing initiatives that benefit both enterprises and society at large.

Frequently Asked Questions

What is the new Employee Share Ownership Plan of Capgemini?

The new ESOP allows approximately 97% of employees to own shares, aligning their interests with the company's performance.

How many shares are available through the ESOP?

A maximum of 2,700,000 shares are reserved for this Employee Share Ownership Plan.

What is the significance of employee ownership at Capgemini?

Employee ownership leads to greater engagement and responsibility among staff, helping maintain around 8% of the share capital.

Who is managing the financial aspects of the ESOP?

The financial strategy is being managed by Crédit Agricole Corporate and Investment Bank.

What is the duration of the share plan?

The capital increase will be finalized by December 19, 2024, with shares being available to employees until December 19, 2029.

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