Terms of subscription

What is the price of a share?

The price is unknown at the time of your reservation.

You invest an amount in euros and the number of shares you will hold in the LINK FRANCE FCPE will be determined according to the subscription price of a share.

 The date on which the subscription price will be set is scheduled for 23 September 2024. After this date, you will have the right to cancel your entire reservation per plan during the period provided for this purpose.

 The subscription price is equal to the reference price, to which a discount of 20% is applied.

 When determining potential returns from the Link Multiple plan, you waive the benefit of the discount.

 The reference price is equal to the arithmetical average of the average ENGIE share prices, weighted by volume traded on the Euronext Paris stock exchange (Volume-Weighted Average Price), during the 20 trading sessions from 26 August to 20 September 2024 inclusive.

Who can take part?

  • All employees (or persons who belong to a category of persons eligible to join the PEG pursuant to Article L. 3332-2 of the French Labour Code) who have an employment contract on 30 September 2024 with a company that is part of the ENGIE PEG and have been on that contract on that date for at least three months, whether consecutive or not, since 1 January 2023.
  • All employees working in the shared services common to (1) GRDF SA and ENEDIS SA or to (2) EDF SA and ENGIE SA, and whose gas distribution key for their department is not zero.
  •   All retired employees of companies that are part of the ENGIE PEG and still have holdings in the PEG on 30 September 2024. Retired employees do not receive the matching contribution with the Link Classic plan.

  Terms of investment for retired employees

They can invest in cash by direct debit and/or by using their available holdings in the EGEPARGNE MONETAIRE FCPE of the ENGIE PEG. They do not receive the matching contribution of the Link Classic plan

What are the payment methods?

Five payment methods are available. You can make your personal contribution:

  •  by using the amount pre-allocated when you were asked how you wished to dispose of your profit-sharing and/or shareholding, where applicable,
  • by using holdings available in the EGEPARGNE MONETAIRE FCPE of the PEG,
  • in cash:
    • via a direct debit1 from your bank account in one instalment,

      or

    • via online payment using a bank card2 up to a maximum of €1,000,
  •  in six monthly instalments debited3 from your bank account.

What amount can you invest?

You are free to choose the amount you wish to invest in Link, within the following limits:

  • At least:
    Your personal contribution is at least €10 in Link Multiple or Link Classic.
  • At most:

    All of your voluntary payments into all the employee savings plans, except for the collective company retirement savings plans (PERCOL), during 2024 must not exceed 25% of your gross annual remuneration for 2024 (including allowances, bonuses, etc.). Moreover, your personal contribution to the Link Multiple plan is limited to €1,000.

Specific rules for calculating the cap of one quarter of the remuneration are applicable in the event of investment in the Link Multiple plan. Use the simulator to calculate your investment ceiling.

How to use your profit-sharing bonus and/or share bonus to invest in Link 2024?

Between March and May 2024 (depending on your entity): Period of pre-allocation of your profit-sharing bonus and/or share bonus to Link

During this period, you can pre-allocate all or part of your profit-sharing bonus and/or share bonus to Link 2024. The amounts were invested in the “LINK RELAIS” FCPE of the ENGIE PEG.

From 6 to 27 June 2024: Period of reservation for Link

During this period, you may: spread the amount pre-invested in the “LINK RELAIS” FCPE across the Link Multiple and Link Classic plans. You may also supplement your investment using the other proposed payment methods; or cease investing in Link 2024 to re-allocate the amount pre-invested in the "LINK RELAIS" FCPE to the "EGEPARGNE MONETAIRE" FCPE. In which case, you will no longer be able to subscribe to Link 2024, including using another payment method. If you do not make a choice, the total amount pre-allocated to Link 2024 will be reinvested in the Link Classic plan. 

From 26 to 30 September 2024: Cancellation period

During this period, if you cancel your investment in one or both of the plans, the sums from your profit-sharing bonus and/or share bonus will be transferred to the “EGEPARGNE MONETAIRE” FCPE.

 N.B.: if you have pre-allocated all or part of your profit-sharing/shareholding to Link 2024 between March and May 2024, but all or part of these sums are ultimately invested in the “EGEPARGNE MONETAIRE” FCPE (including in the case of withdrawal during the reservation period or cancellation during the cancellation period or reduction), the sums thus reallocated will be subject to the provisions of the PEG applicable to the payment of profit-sharing and shareholdings under funds other than Link 2024. For example, these sums (which will not benefit from the Link 2024 matching contribution) may, where applicable, benefit from the matching contribution provided for in the agreement concluded within your company.

 The holdings will be inaccessible for the duration stipulated in the ENGIE PEG (except in the case of an early release provided for by law) but can be moved to other FCPEs within the ENGIE PEG.

What happens in the event of an over-investment?

If the total number of shares requested is higher than the number of shares offered in the scope of Link, investment requests will be reduced according to the procedures stipulated in the Link France FCPE Regulations. This reduction is likely to change the allocation initially requested.

How to take part?

Take part in just a few clicks:

  • 1. Click on “Subscribe to Link 2024”
    2. When you log in for the first time, to generate your password:
    • Click on “First login?”
    • Enter your work email address
    • Click on the link in the email that will be sent to your work email address
    3.Choose your password
    4. Log in with your username and chosen password
    5. Make your choices and do not forget to confirm them!

What is the lock-in period?

Your investment in Link 2024 is locked in for five years, i.e. until 6 November 2029 inclusive, except in the event of early release.

In what cases is an early release possible?

They are defined by French law (Article R. 3324-22 of the French Labour Code) and there are 10 such cases (as at 1 January 2024 - any other case determined by regulation at a later date will automatically apply):

 Marriage or conclusion of a civil partnership agreement (PACS);

Birth or adoption of a third child and any subsequent children;

Divorce, separation or dissolution of a civil partnership agreement (PACS), where an agreement or judgement provides for the habitual residence in the employee’s household of at least one child (sole or shared custody);

Disability of the employee, his/her children, spouse or civil partner;

Termination of employment contract or term of office as an elected officer in the company;

Creation or takeover of a company, under certain conditions, by the employee, his/her spouse or civil partner or children;

Acquisition or extension of the main residence, repairs to the main residence in the event of a natural disaster;

Over-indebtedness;

Death of the employee, spouse or civil partner;

Domestic violence committed against the employee, which has been reported or gave rise to legal proceedings.


1 The debit will be made in October/November 2024.

2 Your account will be debited in October/November 2024.

3 The first debit will be made in October/November 2024.