Valeo is renewing its employee share offering

Core Points - Valeo is renewing its employee share offering aimed at approximately 90,000 eligible employees across 21 countries to enhance long-term engagement with the Group's performance and development [2][3] - As of June 30, 2025, employees held 4.70% of Valeo's share capital, with one in two employees owning shares directly or indirectly [2] Offering Details - The share subscription offering includes a maximum of 1,200,000 Valeo shares with a nominal value of EUR 1 per share, which will be fully fungible with existing shares upon issuance [5] - The subscription price is set at EUR 8.40, reflecting a 20% discount based on the average opening prices over 20 trading days prior to September 15, 2025 [11] - The subscription period runs from September 16, 2025, to October 6, 2025 [12] Employee Eligibility and Benefits - The offering is available to employees with at least three months of seniority and includes former employees in retirement or pre-retirement who have retained assets in the group savings plan [6][7] - Employees subscribing through the group savings plan will benefit from a matching contribution from the employer, while those outside France will receive conditional shares for free [9] Capital Increase and Listing - The capital increase and delivery of shares are expected to occur on November 13, 2025, with an application for listing on Euronext Paris to be filed shortly thereafter [14]