2000 Share Scheme
The offer was presented to employees in 2000. All shares are now released free of Tax ad NI.
Share Offer Reference Price
The reference price was 36€. The market price at the time of allocation was 43.29€ and the exchange rate was fixed at 1.5816€ to the £.
Share Allocation
The 2000 Employee share issue was oversubscribed by a factor of 3.3. In total, 34,700 current and former employees in 16 countries applied for shares. About 70% of employees now own shares in the company. A scale back approach was implemented and administered by IRG (the independent trustees). Beneficial ownership of the shares passed to purchasers with effect from September 2000.
Scale-back Arrangements
- From 1 to 30 shares applied for: 100% of allocation
- From 31 to 150 shares : 30% of the shares applied for in the range
- From 151 to 1000 shares: 3.23% of the shares applied for in the range
- Over 1000 shares : No allocation
For example, an application for 250 shares would result in 73 shares being allocated.
Breakdown of shares by formula
| ThomExpress 2000 | 6% |
| ThomClassic 2000 | 25% |
| ThomPlus 2000 ThomClassic+ 2000 | 69% |
Breakdown of shares by country after both offers
The following table is the breakdown per country, according to number of shares held, after both share offers.
| France | 79.1% |
| Great Britain | 7.9% |
| Netherlands | 7.0% |
| Germany | 3.7% |
| Belgium | 0.5% |
| Australia | 0.5% |
| South Africa | 0.1% |
| Canada | 0.1% |
| Spain | 0.3% |
| USA | 0.3% |
| Italy | 0.2% |
| Japan | 0.0% |
| Morocco | 0.0% |
| Norway | 0.1% |
| Singapore | 0.1% |
| Switzerland | 0.3% |
The following table is the breakdown per country, according to number of employees who subscribed, after both share offers.
| France | 76.5% |
| Great Britain | 8.5% |
| Netherlands | 6.3% |
| Germany | 5.0% |
| Belgium | 0.4% |
| Australia | 0.4% |
| South Africa | 0.4% |
| Canada | 0.2% |
| Spain | 0.5% |
| USA | 0.6% |
| Italy | 0.3% |
| Japan | 0.0% |
| Morocco | 0.1% |
| Norway | 0.2% |
| Singapore | 0.1% |
| Switzerland | 0.4% |
Former employees having subscribed in France are not included in these computations