**TotalEnergies Publishes Summary Prospectus for Capital Increase in Cash
TotalEnergies has published a summary prospectus on the occasion of its capital increase. This operation is reserved for employees and former employees of the group, adhering to the Group Savings Plan - Share Ownership (PEG-A).
Tunisian Entities Concerned
The concerned entities in Tunisia are TotalEnergies Marketing Tunisie and Hutchinson Tunisie, with 260 and 1,600 eligible employees, respectively. The estimated number of shares to be subscribed amounts to 6,257 (approximately 0.900 MTND) for TotalEnergies Marketing Tunisie and 2,198 shares (approximately 0.316 MTND) for Hutchinson Tunisie.
Subscription Price
The subscription price corresponds to the average of the closing prices of the TotalEnergies share on Euronext stock exchange during the twenty trading sessions preceding the day of the decision fixing the opening date of subscriptions, minus a 20% discount, and rounded up to the nearest tenth of a euro.
Subscription Period
The subscription period will run from May 2 to May 15, 2025, inclusive. The transfer of funds must be made within approximately one month after the end of the subscription period. The subscribed shares will be immediately assimilated to existing shares and will give entitlement to a dividend distribution, the payment of which will be decided after their creation.
Employee Shareholding
The employees' share in TotalEnergies' social capital stood at 7.77% as of September 30, 2024. This should increase their commitment to their companies. In Tunisia, such operations are very rare. We only observe them during initial public offerings (IPOs) and aim primarily to broaden the base of potential subscribers, not to boost employee motivation.
