Capgemini has announced the resounding success of its 11th Employee Share Ownership Plan (ESOP). Over 55,000 employees from 32 countries participated this year, marking a significant increase from the previous year.
Aiman Ezzat, CEO, Capgemini, has reportedly expressed pride in the programme’s success. He sees this as a reaffirmation of the trust the employees place in the company’s strategy and ambitions. This is Capgemini’a way of ensuring that the staff members share in the value they all contribute towards creating collaboratively.
This year’s ESOP represents 1.6 per cent of Capgemini’s issued share capital, helping maintain employee ownership at approximately eight per cent by year-end. Employees subscribed to 2,700,000 new shares at a discounted price of €153.66 (approximately Rs 13,554 per share), set at 87.5 per cent of the reference price of €175.61 (approximately Rs 15,465 per share).
The total capital raised through the plan amounts to €415 million (approximately Rs 36,520 crore), with the capital increase scheduled for 19 December, 2024. To avoid shareholder dilution, Capgemini previously announced share buybacks on 8 October, 2024. The company repurchased 2,700,000 shares at an average price of €175.68 per share (approximately Rs 15,469 per share), amounting to €474 million (approximately Rs 41,712 crore).
This initiative strengthens employee engagement while aligning their interests with Capgemini’s growth and performance.
The company also announced ESOPs for 97 per cent of its workforce in September. The move was said to be aligned with the Group’s policy to involve employees in its growth and performance. The initiative followed the conclusion of the 2019 ESOP at the end of this year and was aimed at maintaining employee ownership at around eight per cent of Capgemini SE’s share capital.
