Success of Air France-KLM Group's global employee shareholding plan
December 21 2023 - 11:45AM
Success of Air France-KLM Group's global employee shareholding plan
Paris, December 21, 2023
Success of Air France-KLM Group's global
employee shareholding plan
Air France-KLM has successfully finalized its
"Partners for the future" employee shareholding offer, a capital
increase reserved for approximatively 75,000 eligible employees of
the Group, launched in November 2023.
For this Group's first worldwide operation,
approximatively 17,000 employees located in 19 countries,
representing approximately 22% of the total workforce of the Group,
have subscribed to the "Partners for the future" offer, enabling
them to invest in Air France-KLM shares on preferential terms.
The total subscription amounts to nearly
46,073,029 euros, corresponding to the issue of 5,716,256 new
shares with a par value of one euro each. As a result, the
Company's share capital was increased by 5,716,256 euros, from
257,053,613 euros to 262,769,869 euros.
Following this issuance, the employee
shareholders in Air France-KLM’s share capital, within the meaning
of Article L. 225-102 of the French Commercial Code, is just over
3% of the share capital.
Benjamin Smith, CEO of Air
France-KLM, stated: "Providing our employees with the
opportunity to become Air France-KLM shareholders is a solid step
in aligning all teams toward improved performance and long-term
value creation. Our employees’ strong level of participation
demonstrates their confidence and commitment, as well as their
desire to contribute to our future success. This is an encouraging
sign that reinforces our determination to successfully implement
our overall strategy."
***
Investors Relations
Website: www.airfranceklm.com
International disclaimer
This press release does not constitute an offer
to sell or a solicitation to subscribe for Air France-KLM shares.
Outside France, the offer is reserved for the beneficiaries
mentioned in this press release and has been made only in countries
where such a transaction has been registered with or notified to
the relevant local authorities, or in consideration of an exemption
from the obligation to prepare a prospectus or to register or
notify the offer. This press release is not intended for countries
where the offer is subject to approval by the competent
authorities.
In general, the offer is being made only in
countries where all the required registration procedures and/or
notifications have been carried out and the necessary
authorizations have been obtained.
- AF-KLM_PR ESP SUCCESS 122123 (ENG)
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