Success of SHARING 2019, the fourth global shareholding offer reserved for
SUEZ Group employees
SHARING 2019, the fourth global shareholding offer for SUEZ Group employees, is
a success: employees now hold around 4% of the Group's capital and represent
the SUEZ's third largest shareholder. This commitment demonstrates employees'
confidence in the future of their Group.
Over 17,300 employees in the 25 participating countries signed up for the
offer, including for the first time, employees from the new Water Technologies
& Solutions Business Unit. The subscription rate is nearly 21%, which
represents nearly 25 million euros worth of employee contributions.
Following this offer, the company's fourth since 2011, 7 million new shares(1)
were issued by the Company.
"The success of the SHARING 2019 offer demonstrates our renewed collective
commitment to the Group's values and its ambition at a key time for us - the
deployment of our new strategic plan "Shaping SUEZ 2030"", stated Bertrand
Camus, Group Chief Executive Officer.
With 90,000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries optimize their resource management
and strengthen their environmental and economic performances, in line with
regulatory standards. With the full potential of digital technologies and
innovative solutions, the Group treats over 45 million tons of waste a year,
produces 4.4 million tons of secondary raw materials and 7.7 TWh of local
renewable energy. It also secures water resources, delivering wastewater
treatment services to 66 million people and reusing 1.1 billion m3 of
wastewater. SUEZ generated total revenues of 17.3 billion euros in 2018.
(1) This amount takes into account the 9,970,050 shares that the employees
subscribed to, the buyback of 119,604 treasury shares intended for
international allocation, and the cancellation of 2,970,050 treasury shares by
the Board of Directors on 28 January 2020.