QUESTIONS & ANSWERS
Saint-Gobain PEG is a share purchase program for current employees. It includes an employee shareholder operation to enable you to become a shareholder of Saint-Gobain, either directly or indirectly depending on local legislation, at preferential conditions, notably thanks to a discount (20% in 2024) on the share price. Saint-Gobain has proposed this operation every year since 1988.
Preferential subscription price
Saint-Gobain employees get a discount (20% in 2024), i.e. a 20% reduction on the reference price of the Saint-Gobain share.
A contribution from your employer.
The employer’s contribution is a payment made by your company in addition to your own payment.
Possible dividends (2025 and on), determined every year at the General Meeting.
Saint-Gobain pays management costs
Saint-Gobain pays all financial and administrative costs of investments made by subscribers. You only pay commission of [0.084%] on any reimbursements when you release all or some of your assets.
The funds invested will not be available until the end of a lock-in period. The lock-in period is 5 years. However, there are cases of so-called early redemption, subject to certain circumstances enumerated exhaustively by regulations, that permit the release of your assets before the end of the lock-in period. The list of these early redemption cases is provided in the legal documents concerning the PEG in your country.
Shares are subscribed at a discount (20% in 2024) compared with the reference price of the Saint-Gobain share.
The reference price is determined according to French legislation on savings plans and corresponds to the average of the 20 stock market prices (opening prices) preceding the date of setting the price.
You subscribe in your local currency, based on the Euro exchange rate set a few days before the subscription price is set.
However, since the Saint-Gobain share is quoted on the Paris stock market, your investment will be in Euro. At maturity, the exchange rate may therefore have either a positive or a negative effect on your investment.
Thus, if the value of the Euro has increased with respect to your currency, the value of your investment in your currency will increase. However, if the value of the Euro has decreased with respect to your currency, the value of your investment in your currency will decrease, and you will suffer a capital loss on your personal contribution.
Note: throughout the investment period, the value of your investment will vary according to exchange rate fluctuations between the Euro and your currency.
Any dividends paid (2024 and on) with respect to shares will be paid to you as cash and/or in shares.
All current employees of Saint-Gobain and the employees of its participating direct and indirect majority-owned subsidiaries, in each case subject to a minimum employment condition of three months. Such three-month period may either be on a continuous or discontinuous basis. The relevant period for measuring a discontinuous three-month period is from January 1, 2024 through the last day of the Subscription Period (defined below), and such employee must be employed as of that day. Former employees, interns, independent contractors, leased employees and consultants are not eligible to participate in the Employee Offering.
You will be required to pay for your investment using one of the following methods:
Payment of full amount by check. If you elect to pay by personal check from your personal bank account, the full amount of your subscription has to be paid to the account of your employer and submitted into a dedicated lockbox between April 22, 2024 and May 24, 2024. The amount to pay, the lockbox mailing address and the details of the bank account to which the check must be made out to will be communicated to you by the Saint-Gobain Group at the start of the payment period.
Payment through regular post-tax salary deductions, from May 2024 to November 2024.
The maximum amount you can invest is 25% of your gross annual base salary compensation for 2023 or your 2024 annualized base salary compensation rate. This cap applies to your individual contribution to the Employee Offering.
For the purposes of calculating your gross annual compensation, you should only include your base salary. Further, the employer’s matching contribution should not be taken into account when calculating your total contribution in the Employee Offering.
You are responsible for determining your 2024 base salary or your 2024 annualized base salary compensation rate, subject to confirmation by Saint-Gobain as to reasonableness. Your subscription may not exceed 25% of your gross annual remuneration for the year of subscription.
Contact your PEG representative
The PEG representative will be approved at the collection site; he/she can regenerate and send out access codes.
Some events, defined by regulations, enable early redemption of your assets.
Redemption is not automatic:
With a few exceptions, a single event can only result in a single early payment, concerning all or some of the rights eligible for early redemption, at your choice.
Only the assets on your account on the date of the operative event can be redeemed early, except in the case of death and assignment of the holder’s employment contract.
Early redemption cases for your country are listed in the legal document concerning the PEG in your country.
During the five-year lock-up period, your shares will be held in an account opened in your name at Uptevia, an investment service provider. Uptevia will contact you to provide your login credentials and instructions on how to use the system.
Via Internet: To access your employee account go to https://planetshares.bnpparibas.com/login
This site enables secure consultation and on-line management of your account. Please remember to update your banking details within the BNP system. This will be used when you are ready to sell your shares.
It also allows you to send a message to Amundi using secure messaging.
If the member dies, his/her heirs cannot continue to hold the account of the deceased.
Contact your site’s HR PEG Correspondent with questions about the PEG program. If you do not know you contact, you can find a full list under the "Contact" page.
You will have the right to exercise the voting rights pertaining to your shares purchased in the Employee Offering at meetings of Saint-Gobain’s shareholders. Each share is entitled to one vote. However, once a share has been held by you for two years, that particular share will have doubled the voting rights attached to it.
To following the Group on the stock market, you can download the Saint-Gobain Shareholder application.