Amount paid by the company in addition to the amounts invested by employee as part of an employee savings plan. Payments may be topped up in accordance with the rules and ceilings established by the International Group Savings Scheme (French Plan d’Épargne Groupe International or PEGI) regulation of Nexans.
Difference between the Reference Price and the Subscription Price.
Portion of a company’s net profit distributed to shareholders, at the end of each financial year, by decision of the General Meeting.
An International Group Savings Scheme (French Plan d’Épargne Groupe International or PEGI) is a collective savings scheme allowing each employee, in the context of his/her company, to accumulate individual savings under favorable financial and tax conditions. All sums paid into the plan are blocked for five years except in cases of early release.
The reference price = the average of the Nexans share opening prices recorded on each of the 20 trading days prior to June 22, 2022.
The subscription price = 80% of the reference price.
Multiplier applied to the difference between the reference price and the monthly protected average to calculate performance.
The protected average is equal to the average of the closing prices of the share taken once a month for 60 months. It is said to be protected because if a closing share price reading is lower than the reference price, the reference price will be used to calculate the average increase.
The SAR is a commitment from your employer to pay you a cash bonus on a given date (July 26, 2027* or earlier in case of early release) based on the Nexans share price performance over the holding period.
The SAR mechanism enables you (i) to recover at least your personal contribution in euros and (ii) to benefit from a potential performance boost.
Please refer to the SAR notice for further information on the SAR mechanism.
* In certain exceptional cases, such as a takeover bid on Nexans, SARs can terminate before maturity: you would, however, be guaranteed to recover at least your personal contribution in euros.
