The Group's policy of including all employees in its development and performance is reflected in the new employee share ownership plan, which is made available to about 97% of the workforce. A capital increase reserved for Capgemini workers will be used to effectuate an ESOP, with a maximum of 3,500,000 shares (or 2.0% of the outstanding shares) delivered by settlement-delivery no later than December 15, 2022. This ninth plan will aid in maintaining employee share ownership at about 8% of capital as the 2017 ESOP comes to the conclusion of its term at the end of the year. The Capgemini SE Board of Directors resolved to approve a dedicated share buyback envelope at its meeting on June 15 and 16, 2022, just like in 2021. Within the parameters of the authority given by the Shareholders' Meeting on May 19, 2022, and within the following year[1], this envelope may be utilized to offset all or a portion of the dilutive effect of this capital increase.
The architecture of subscription leveraged and assured formulas will allow employees to subscribe to Capgemini shares. These calculations will give employees a guarantee on the amount they put in this plan up until the shares become available. The FCPE (Fonds Commun de Placement d'Entreprise), the employees through direct share ownership, and/or the financial institution organising the offer or its counterparties will be the holders who, depending on the formula and the context, will exercise the voting rights.