Strong success of the employee shareholding offer

Strong success of the employee shareholding offer

Creation of the employee shareholding offer
Strong demand from employees in all regions concerned
Capital increase involving 370,000 new shares (0.53% of capital)

Paris, France, May 29, 2024 – Planisware, a leading B2B SaaS provider in the fast-growing Project Economy market, today announces the success of its offering reserved for employees, carried out concurrently with the IPO process. This offer concerned a maximum of 370,000 shares to be issued, representing approximately 0.53% of the share capital, offered at a discount of 30% compared to the price offered during the global IPO to institutional investors.

369 employees (i.e. 73% of eligible employees worldwide) participated in the offer, the total subscription amount exceeding the maximum amount set for the capital increase. At the end of this operation, the employees (employees and former employees and managers of the Group) hold 7.0% of the capital of Planisware SA.

Pierre Demonsant, Co-founder and President of Planiswarecommented : “I am proud of the success of this capital increase reserved for Group employees. Following the success of the global offer with institutional investors, this excellent level of participation is a strong signal of the support of employee shareholders for the Group’s model and strategy. This operation will also allow us to offer better sharing of the Group’s value creation and to align everyone’s interests in the Group’s development.

As part of the authorization granted by the Combined General Meeting of April 15, 2024 and concomitantly with the Company’s IPO, Planisware proposed an offer reserved for employees of the Company.

The offer was offered to employees in France, Germany, the United States and Canada, as part of the company savings plan and the international group savings plan. Eligible employees had to have at least three months of professional experience and be actually employed on the last day of the subscription period.

The total amount of subscriptions received being greater than the maximum nominal amount of the capital increase set as part of the offer, the company issued 370,000 new shares at a price of 11.20 euros per new share, i.e. a nominal value of 0.10 euros and a premium of 11.10 euros per share.

The newly created shares are ordinary shares, comparable to existing shares from their issue. Listing of these shares on Euronext Paris (ISIN code: FR FR001400PFU4) was requested upon their issue.

The newly created shares carry dividends, entitling their holders to dividends paid for the 2024 financial year.

In accordance with the Labor Code and the provisions relating to employee savings, the shares subscribed as part of the employee shareholding offer will be unavailable for a period of five years, except in the event of one of the provisions for early release of the Labor Code.

This increase brings the Company’s share capital to €6,976,100.00, divided into €69,761,000 each with a nominal value of €0.10, fully subscribed and paid up.

Events to come

July 30, 2024: publication of half-year results
October 23, 2024: publication of 3rd quarter revenue

Contact

About Planisware

Planisware is a leading business-to-business (“B2B”) software-as-a-service (“SaaS”) provider in a rapidly growing gig economy. Planisware’s mission is to provide solutions that help organizations transform the way they strategize, plan and deliver their projects, project portfolios, programs and products.

With nearly 700 employees across 14 offices, Planisware operates at significant scale, serving approximately 545 customer organizations across a wide range of verticals and functions in more than 30 countries around the world. Planisware’s customers include large international companies, mid-sized businesses and public sector entities.

Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, symbol “PLNW”). For more information visit: https://planisware.com/

Connect with Planisware on: LinkedIn And X (formerly Twitter).

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