The subscription price was set at €6.64 per share. This corresponds to the average daily Orange share price over the 20 trading sessions from October 5 to November 1, 2021, to which a 30% discount was applied.

This 12th share ownership plan is the biggest employee share ownership plan. Through these schemes, employee shareholders play an active role in company governance, either directly or via the supervisory boards of employee shareholding funds.

On presenting the results of this offering, Stéphane Richard, Chairman and CEO of the Orange Group, said: "By oversubscribing to Together 2021, our employees have demonstrated the trust they have in the Group's development and our ability to make the Engage 2025 strategic plan a success. This result enables us to pass another milestone in our aim to ultimately achieve 10% employee share ownership."

Together 2021 follows the communication on December 2, 2020 announcing the Group had received €2.2 million from a favorable decision by the French Council of State regarding a long-standing tax dispute. This employee shareholding scheme had a maximum subscription limit worth €260 million (indicated as price of share before 30% discount).

According to the scheme's initial timeline, the shares will be delivered on December 1, 2021 and will be available on June 1, 2026.

 

 

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(1)  37 countries involved: Belgium, Botswana, Brazil, Burkina Faso, Cameroon, CAR, Colombia, Côte d’Ivoire, DRC, Egypt, France, Germany, Guinea, Guinea Bissau, India, Italy, Jordan, Liberia, Luxembourg, Madagascar, Mali, Mauritius, Moldova, Morocco, Netherlands, Norway, Poland, Romania, Senegal, Sierra Leone, Singapore, Slovakia, Spain, Sweden, Switzerland, UK, USA.

 

About Orange

Orange is one of the world’s leading telecommunications operators with sales of 42.3 billion euros in 2020 and 137,000 employees worldwide at 30 September 2021, including 79,000 employees in France. The Group has a total customer base of 266 million customers worldwide at 30 September 2021, including 222 million mobile customers and 22 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

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