TotalEnergies raises €310.5m via employee share issue
TotalEnergies SE raised €310.5 million through a capital increase reserved for employees and former employees. A total of 59,366 employees in 97 countries subscribed to the issue, resulting in the issuance of 5,548,563 new shares at a price of €62.00 per share. Following this issuance, employee ownership in the company stands at 7.6% of the share capital.
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TotalEnergies SE has raised €310.5 million through a capital increase reserved for eligible employees and former employees. The company issued 5,548,563 new shares, with 59,366 employees across 97 countries participating in the subscription. This represents more than 50% of the eligible workforce, underscoring strong employee confidence in the company's strategy.
Subscription Details
The Chairman and CEO set the subscription period from June 3 to June 17, 2026. The subscription price was fixed at €62.00 per share, which corresponds to the average of the closing prices on Euronext over the twenty trading sessions preceding the decision date, reduced by a 20% discount.
Issuance and Ownership Impact
The new shares were issued on June 26, 2026, and carry immediate dividend rights. They are fully assimilated with TotalEnergies shares already listed on Euronext and the NYSE. Following this issuance, employee shareholding within the meaning of Article L. 225-102 of the French Commercial Code is estimated at 7.6% of the company's share capital as of June 26, 2026.
| Metric | Value |
|---|---|
| Total Amount Raised | €310.5 million |
| Subscription Price | €62.00 per share |
| New Shares Issued | 5,548,563 |
| Participants | 59,366 employees |
| Employee Ownership Post-Issue | 7.6% |
Patrick Pouyanné, Chairman and CEO of TotalEnergies, stated that employee share ownership aligns the interests of employees and shareholders. He noted that the continued high level of participation demonstrates strong and lasting confidence in the company's strategy and its ability to navigate a global environment marked by uncertainty.
How will the increased employee ownership influence TotalEnergies' strategic decisions during the energy transition?
What impact will the 7.6% employee shareholding have on voting outcomes at future shareholder meetings?
Will the success of this capital increase prompt TotalEnergies to offer similar programs to employees in other regions?
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