Elis Enhances Employee Engagement Through Capital Increase
Introduction to Elis’ Share Capital Increase Initiative
Elis, a renowned player in the services industry, has recently made headlines with its innovative share capital increase initiative under the banner "Elis for All 2024". This initiative allows employees to invest in the company, creating an engagement strategy that aligns staff interests with the growth of the business.
Subscription Period and Employee Participation
The subscription period for this capital increase concluded on October 3, 2024. Remarkably, 4.93% of employees across 18 countries joined in to support this venture, either through direct subscriptions or via the Elis Group employee shareholding fund, culminating in a total investment surpassing 10.6 million euros.
How the Initiative is Structured
This operational design was set in motion by the Elis Supervisory Board on dates that precede the subscription, ensuring that employees could benefit from this chance to own a part of the company. Notably, the shares were made available at a unit price of 14.73 euros, which reflects a 30% discount off the average price within a designated period. Additionally, employees enjoyed a matching contribution, offering one share for every ten shares subscribed.
Outcomes of the Share Capital Increase
The fruitful subscriptions resulted in the issuance of 760,947 new shares on November 14, 2024. These shares, which come with a par value of 1 euro, accounted for 0.32% of the total capital, such that the proceeds from this issuance totaled over 10.6 million euros. This initiative not only boosts the company's liquidity but also represents a significant growth opportunity for employees.
Trading and Capital Structure
Upon issuance, the new shares became available for trading on the Euronext Paris regulated market, under the ISIN code FR0012435121. This momentous event increased the total share capital of Elis to 236,664,445 euros, with the new shares fully assimilated into the existing shares.
Matchmaking Contributions and Employee Benefits
In parallel to the new shares issued, 27,535 free shares were also allocated to employees in foreign subsidiaries, further demonstrating Elis' commitment to enhancing employee satisfaction and loyalty. These additional shares were distributed using the company's own shares obtained through a share buyback program, emphasizing the company's focus on ensuring employees are rewarded for their contributions.
Contact Information for Further Inquiries
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: +33 1 75 49 98 30
Email: nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: +33 1 75 49 98 15
Email: charline.lefaucheux@elis.com
Frequently Asked Questions
What is the purpose of the 'Elis for All 2024' initiative?
The initiative aims to enhance employee engagement by allowing staff to invest in the company, fostering a sense of ownership.
How much did the employees invest in this initiative?
Employees invested more than 10.6 million euros through this share capital increase.
What was the price of the shares offered to employees?
The shares were offered at a unit price of 14.73 euros, reflecting a discount of 30% from the average market price.
What happens to the new shares issued?
The new shares were issued on November 14, 2024, and were admitted for trading on Euronext Paris on the same day.
What benefits do employees get from this share capital increase?
Employees benefit from the opportunity to own shares at a discounted price and receive additional matching shares, reinforcing their investment in the company’s future.
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