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Credit Agricole Sa: 2025 CAPITAL INCREASE RESERVED FOR EMPLOYEES OF THE CRÉDIT AGRICOLE GROUP
Globenewswire· 2025-05-28 06:00
Core Points - Crédit Agricole S.A. is launching its annual capital increase reserved for employees globally [1] - The capital increase will allow 190,000 eligible employees and retired former employees to subscribe to new shares at a discounted price [2] - The subscription price will be set at the arithmetic mean of opening share prices from May 26 to June 20, 2025, with a 20% discount [2] - The subscription period is from June 24 to July 8, 2025 [2] - New shares will be issued on August 28, 2025, and will be eligible for dividends for the 2025 financial year [3] - A maximum of 32 million shares will be issued, with a par value of €96 million [3] - Following the capital increase, a share buyback operation will be conducted to mitigate dilution, pending ECB approval [3] - This initiative is part of the Group's employee profit-sharing policy related to financial performance [3]
Credit Agricole Sa: 2025 CAPITAL INCREASE RESERVED FOR EMPLOYEES OF THE CRÉDIT AGRICOLE GROUP
GlobeNewswire News Room· 2025-05-28 06:00
Core Viewpoint - Crédit Agricole S.A. is launching its annual capital increase reserved for employees, allowing eligible employees and retired former employees to subscribe to new shares at a discounted price [1][2]. Group 1: Capital Increase Details - The capital increase is reserved for 190,000 eligible employees and retired former employees of the Crédit Agricole Group [2]. - The subscription price for the new shares will be set at the arithmetic mean of the opening share prices from May 26 to June 20, 2025, with a 20% discount applied [2]. - The subscription period is scheduled to start on June 24, 2025, and end on July 8, 2025 [2]. Group 2: Share Issuance and Financial Impact - New shares will be issued on August 28, 2025, and will qualify for dividends related to the 2025 financial year [3]. - A maximum of 32 million shares may be issued, with a total par value of €96 million [3]. - Following the capital increase, a share buyback operation will be conducted to mitigate the dilutive effect, pending approval from the European Central Bank (ECB) [3]. Group 3: Employee Profit-Sharing Policy - This capital increase is part of Crédit Agricole Group's policy on employee profit-sharing linked to financial performance [3].