TotalEnergies launches its annual capital increase reserved for employees
TotalEnergies confirms the launch of a capital increase reserved for employees and former employees for 2023. More than 65% of employees hold 7.4% of the Company’s capital, making them the largest group of shareholders and having received 700 million euros in dividends by 2022.
| Sectors | Oil |
|---|---|
| Themes | Investments & Transactions |
| Companies | TotalEnergies |
| Countries | France |
TotalEnergies confirmed on Thursday the launch of “a capital increase reserved for employees and former employees of the Company for 2023”, indicating that it is already ranked “second” in Europe in terms of employee shareholding.
“The Board of Directors welcomed the recent publication by the European Federation of Employee Share Ownership which reveals that TotalEnergies ranks second among European companies for employee share ownership, based on the amount of capital held by employees,” the group said in a statement.
The group recalls that in 2015 it decided to conduct “every year, as opposed to every two years previously”, a capital increase reserved for employees with a discount. As of March 31, 2023, “more than 65% of employees were shareholders and held a total of 7.4% of the Company’s capital, or 10 billion euros, making them the largest group of shareholders in TotalEnergies,” the group said.
700 million in dividends in 2022, the group concluded.
