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Valeo renews its share subscription supply reserved for Group workers

PRESS RELEASEE PRESS
Paris, September 19, 2022

Valeo renews its share subscription supply reserved for Group workers

In February 2022, Valeo offered its new Transfer Up strategic plan, which positions the Group as a serious participant within the main transformations of tomorrow’s sustainable mobility. As a part of this plan, benefiting from its place within the electrification and driving help markets, the Group goals to speed up its progress and enhance its monetary efficiency, guaranteeing sturdy worth, to the good thing about all its stakeholders, together with its shareholders.

It’s on this context that Valeo is as soon as once more launching its share subscription supply reserved for Group workers. This operation, provided to roughly 90,000 workers eligible for the supply and deployed in 20 nations, goals to contain them over the long run within the Group’s outcomes and improvement. The capital improve and the supply of Valeo shares underneath the supply ought to happen on November 17, 2022. The primary phrases of this operation are described beneath.

TRANSMITTER
Valeo, a European firm with capital of 242 574 781 euros, having its registered workplace at 100 rue de Courcelles – 75017 Paris – France, RCS Paris 552 030 967 (the “Firm”)
Itemizing: Euronext Paris (France) ISIN Code: FR0013176526 FR

OBJECTIVES OF THE OPERATION
This plan is a part of Valeo’s worker shareholding coverage, each in France and internationally, with a purpose to contain workers within the Group’s outcomes and improvement.

FRAMEWORK OF THE OPERATION – SECURITIES OFFERED
The supply is made pursuant to Articles L. 3332-18 et seq. of the Labor Code, inside the framework of the Group Financial savings Plan (PEG) and the Worldwide Group Financial savings Plan (PEGI) of Valeo. The subscription for shares is carried out pursuant to the 24e decision of the Basic Assembly of Shareholders of Might 26, 2021. Worldwide subscribers will profit from a free allocation of shares carried out on the premise of the 25e decision of the Basic Assembly of Shareholders of Might 26, 2021.
The inventory subscription supply pertains to a most quantity of 1,200,000 Valeo shares, with a nominal worth of 1 euro per share.
The shares will carry present dividend rights and can be absolutely assimilated to the prevailing shares as quickly as they’re issued.

SUBSCRIPTION TERMS

Beneficiaries of the supply
The supply is open to workers with a seniority of not less than three months, acquired consecutively or not, between 1er January 2021 and the final day of the subscription interval with a Valeo Group firm that could be a member of the PEG or PEGI, because the case could also be. The supply is deployed inside the scope of the next nations: France, Germany, Belgium, Brazil, China, South Korea, Egypt, Spain, United States, Hungary, India, Eire, Italy, Malaysia, Mexico, Poland, Republic Czech, Romania, Thailand and Turkey.
The supply can also be open in France to former retired and pre-retired workers who’ve stored property within the PEG since leaving the Group.

Subscription components
Workers could subscribe to the shares both by means of the corporate mutual fund
“Shares4U Relais 2022” meant to merge into the FCPE “Valeorizon” after approval by the Supervisory Board of the FCPE and approval by the AMF, or in sure nations, by subscription to shares immediately. The worker’s funding will comply with the evolution of the Valeo share worth, each upwards and downwards.
Subscribing to shares permits workers subscribing underneath the PEG to learn from an identical contribution from their employer.
Outdoors France, workers can be granted conditional free shares ruled by the foundations of the plan accredited by the Firm. Free shares are present Valeo shares purchased again by the Firm.

Technique of maintaining shares – Train of voting rights
Subscription is carried out by means of an organization mutual fund or, in sure nations, by means of direct shareholding.
The voting rights hooked up to the securities held within the FCPE can be exercised by the Supervisory Board of the FCPE.
Voting rights referring to securities held immediately can be exercised by the subscriber.

Subscription worth
The subscription worth was set on September 16, 2022 at 15.17 euros. It corresponds to the common opening worth of the Valeo share over the 20 buying and selling classes between August 19, 2022 and September 15, 2022, inclusive, after software of a 20% low cost.

Subscription interval
The beneficiaries of the supply will be capable to subscribe to the supply from September 19, 2022 (inclusive) to October 7, 2022 (inclusive).

Unavailability
Topic to changes deliberate for sure nations, the FCPE models in addition to the shares subscribed immediately can be blocked for a interval of roughly 5 years as offered for by the PEG (till Might 31, 2027 inclusive) and the PEGI ( till June 30, 2027 inclusive, and for Belgium till November 17, 2027 inclusive), except one of many circumstances of early launch offered for in Articles L. 3332-25 and R. 3324-22 of the Code of labor, and as relevant within the totally different nations the place the supply is deployed.

CAPITAL INCREASE AND LISTING OF SHARES
The capital improve and the supply of Valeo shares within the context of the supply ought to happen on November 17, 2022. A request for itemizing of the Valeo shares issued within the context of this supply on Euronext Paris can be made as quickly as potential after the capital improve on the identical citation line as the prevailing shares.

SPECIFIC NOTE
This press launch doesn’t represent a suggestion to promote or a solicitation to subscribe for Valeo shares.
The supply is strictly reserved for the beneficiaries talked about on this press launch and can be carried out solely within the nations the place such a suggestion has been registered or notified to the competent native authorities and/or following the approval of a prospectus by the competent native authorities, or in consideration of an exemption from the duty to attract up a prospectus or to register or notify the supply. The shares haven’t been and won’t be registered in accordance with the Securities Act of the USA of 1933 or the legal guidelines of any state or territory of the USA.
Extra usually, the supply will solely be made in nations the place all required registration procedures and/or notifications have been accomplished and the required authorizations have been obtained.

CONTACT
For any query referring to the supply, the beneficiaries could contact their human sources supervisor and/or some other particular person as indicated within the paperwork referring to the supply made accessible to them.

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