GROUP

ENGIE to accompany the placement launched by the French State

By ENGIE - 05 September 2017 - 12:00

ENGIE wishes to accompany the sale of shares launched this evening by the French State as part of its share buyback program authorized by the General Meeting of May 12, 2017 and therefore undertook to acquire, concurrently to the placement with institutional investors through an accelerated bookbuilding process and subject to its realization, 11.1 million of its own shares (i.e. 0.46% of the capital of ENGIE).

 

The acquisition of its own shares by ENGIE will occur at the price per share that will result from the accelerated institutional placement procedure implemented by the French State.

 

These shares will be allocated to employee savings schemes planned by the Group to involve employees as much as possible in the transformation of the Group, which will also limit the dilution associated with this type of transaction.

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised.

The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development.

ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).