REDUCTION

How does the reduction work?

If the total number of shares requested for the 2024 PEG subscription process is greater than the number of available shares, requests will be reduced, and you may not be able to receive the amount that you had requested.

Reduction of requests for subscriptions to Fund shares will proceed as follows:

1) The total number of shares offered will be divided by the total number of Fund subscribers to determine the “non-reducible average subscription”.

2) The part of a request for subscription to Fund shares that is less than or equal to the “non-reducible average subscription” will be honoured in full.

3) The part of a request for subscription to Fund shares that is greater than the “non-reducible average subscription” will be reduced by a single coefficient in such a manner that the total of all requests for subscriptions to Fund shares does not exceed the total number of shares offered.

For the case of Lebanon and in addition to the above: 

In the event that the total amount of the subscription exceeds LBP 18,108,080,302, Saint-Gobain will reduce the subscriber's contributions in Lebanon which are above the subscription average in Lebanon, according to the same principles provided by the reduction rules described above. 

If my subscription request is reduced and I have chosen to use multiple payment methods, how will the reduction be applied?

For each subscriber, the reduction will be applied in order of priority to subsequent matched or unmatched payments financed by salary advance.

The reduced amounts will then be applied to the payments in question and distributed proportionally in accordance with the Beneficiary’s initial request, in such a manner that the amount of the Capital Increase is at most equal to the amount authorised by the Saint-Gobain Board of Directors.

If the amount of the Beneficiary’s effective request for subscription to Fund shares by voluntary payment is financed by “Salary advance” and by “Bank account debit”, the reduction will be distributed in the same proportion as the Beneficiary’s request for subscription to Fund shares.

What happens if my subscription request is reduced and I have chosen to pay by salary advance?

Only the reduced amount of the payment by salary advance will be debited to the company’s bank account.

In case of reduction, how do I know the final amount of my subscription?

The reduced amount after calculation is available on the subscription website and the subscription summary will be downloadable.