Q&A
This year, the minimum guaranteed return is 3% per year.
In addition to the 25% limit, this year’s investment in Link Multiple is limited to €1,000 (or the equivalent in your local currency). Do not hesitate to use the simulator to check that you are within the applicable limits before subscribing.
This year, the matching contribution for shares in Link Classic is 200% up to €250 invested, i.e. a maximum gross matching contribution of €500.
This year, the free shares allocated under the matching contribution will not be delivered at the end of the five-year period (and subject to a condition of presence), but instead will be deposited into the FCPE upon completion of the transaction (scheduled for 7 November 2024).
Depending on your country of residence, the matching contribution may be subject to income tax and/or social security contributions.
For more information, please refer to the Supplement Regulations in your country, which can be found under the “Documentation” tab.
- All employees who have an employment contract on 30 September 2024 with a company that is part of ENGIE PEGI and have been on that contract for at least three months, whether consecutive or not, since 1 January 2023.
- These 3 months’ service may be acquired over the period 1 January 2023 to the last day of the cancellation period (scheduled for 30 September 2024) in the event of multiple employment contracts or working in several Group companies.
- Pursuant to the provisions of (EU) Regulation No 833/2014 and (EU) Regulation No 765/2006, as amended, the Link 2024 offer is not open to Russian nationals and natural persons residing in Russia, nor to Belarusian nationals and natural persons residing in Belarus, except (i) in the case of Russian nationals, if they are also nationals of a Member State of the European Union, a member country of the European Economic Area or Switzerland, or natural persons holding a temporary or permanent residence permit in a Member State of the European Union, a member country of the European Economic Area or Switzerland, and (ii) in the case of Belarusian nationals, if they are also nationals of a Member State of the European Union or natural persons holding a temporary or permanent residence permit in a Member State of the European Union.
In short:
Eligible employees Ineligible employees Fixed-term contract ≥ 3 months’ service All employees < 3 months’ service Permanent contract ≥ 3 months’ service Interns Professional development contract ≥ 3 months’ service Temporary staff Work-study contract ≥ 3 months’ service Suspended contract ≥ 3 months’ service
Yes, an employee on a fixed-term contract can take part providing he/she is on the payroll of one of the companies participating in Link on 30 September 2024 and has 3 months’ service as of this date.
These 3 months’ service may be acquired over the period 1 January 2023 to the last day of the cancellation period (scheduled for 30 September 2024) in the event of multiple employment contracts or working in several Group companies.
No, those taking part in the VIE programme don’t have an employment contract with an ENGIE Group company and cannot invest in the transaction.
Yes, an expatriate/impatriate can subscribe to the offer in his/her host country, where he/she is resident for tax purposes.
If his/her host country does not participate in Link, he/she may invest in the transaction in the plan rolled out in connection with the PEG or PEGI in his/her home country, provided that he/she still has an employment contract with the employer who is a member of the PEG or PEGI, even if this contract is suspended or he/she has received no salary from this employer (in this case, he/she must confirm the applicable tax and social security arrangements).
In this case, the limit on payments into the PEG or PEGI plan is set by French law: it is equal to 25% of the annual social security limit for 2024. For information, the annual social security limit for 2024 is €46,368 (thus 25% of the annual social security limit for 2024 = €11,592).
However, if the expatriate/impatriate has the status of a “US person”, he may not subscribe to FCPE units within the framework of this operation.
Yes, an expatriate/impatriate can subscribe to the offer in his/her host country, where he/she is resident for tax purposes.
If his/her host country does not participate in Link, he/she may invest in the transaction in the plan rolled out in connection with the PEG or PEGI in his/her home country, provided that he/she still has an employment contract with the employer who is a member of the PEG or PEGI, even if this contract is suspended or he/she has received no salary from this employer (in this case, he/she must confirm the applicable tax and social security arrangements).
In this case, the limit on payments into the PEG or PEGI plan is set by French law: it is equal to 25% of the annual social security limit for 2024. For information, the annual social security limit for 2024 is €46,368 (thus 25% of the annual social security limit for 2024 = €11,592).
However, if the expatriate/impatriate has the status of a “US person”, he may not subscribe to FCPE units within the framework of this operation.
No, it is not sufficient to have worked for over 3 months for the Group: this work must be performed with employee status and the individual must have retained his/her employee status with a company that is a member of the ENGIE PEFI on 30 September 2024.
No, employees who leave the Group during the reservation period cannot invest in Link as, to invest, you must be an employee of a company that is a member of the ENGIE PEGI at the end of the cancellation period, i.e., on 30 September 2024.
No, since you have to be on the payroll of a company that is part of ENGIE PEGI on 30 September 2024.
Yes, employees that are working their notice can take part in Link providing they are still on the payroll of a company that is part of ENGIE PEGI on 30 September 2024 and they meet the 3 months’ service condition.
Yes, because the option is open to each employee on an individual basis.
Your personal contribution is at least €10 whichever option you choose.
Your total payments should 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.
Please note that to comply with the limit of 25% of your gross annual remuneration, you must check that:
10 x Personal contribution in Link Multiple
(corresponding to 1 x your personal contribution + 9 times for the bank supplement)
+
1 x Personal contribution in Link Classic
≤ 25% of your gross annual remuneration for 2024
A simulator is available to help you check that your investment in Link 2024 does not exceed the authorised threshold.
Your gross annual remuneration is made up of your annual salary, your allowances and bonuses paid in 2024, excluding profit sharing.
The username is your work email address. If you have any problems with this, contact your Link Manager.
The Link Manager (with the power to delegate) will have access to the subscription site and will send you an email with a link to activate your account.
The username is your work email address.
For your password, you can generate a new password directly on the subscription website.
The employee will continue to be liable to ENGIE and his employer for payment of any unpaid sums, and the employer may, subject to the applicable legal conditions, deduct from his salary and, in the event of termination of the employment contract, from the sums owed on any outstanding account, the amount of the sums thus advanced. In the event of an unsettled payment incident, ENGIE may buy back all of the FCPE units subscribed under Link 2024. The details of the planned process are set out in the legal terms and conditions for participating in Link 2024.
If you wish to request an early release under the group international savings scheme, log into your account on the website: https://www.amundi-ee.com/account/#login, select your language and follow the instructions.
If you have any questions, contact your Link Manager.
All early release cases are indicated in the supplement regulations for your country, which are available under the “Documentation” tab.
Yes, it is important. Certain cases of redemption can only be invoked a certain time after the event has occurred.
No time frames are required for requests involving the termination of the employment contract, incapacity, death, indebtedness or domestic violence (if all or part of these cases are applicable in your country).
For the other cases, the request must be submitted within 6 months of the event. The cases involving business creation or acquisition of a main residence are more specific as the shares will be redeemed upon presentation of the financing plan these shares will contribute to (therefore, before the transaction).
The event triggering the early redemption must take place from the day after the end date of the cancellation period, i.e., from 1 October 2024 for Link 2024 redemption.
Yes. It is possible to request the release of all or part of the assets.
However, the release option can only be used once: if you request the early release of only part of your assets, the remaining assets will remain locked in until maturity unless you are affected by another early release scenario.
Yes, but a special procedure will be implemented. Any event that occurs on or after the day after the cancellation period (i.e. on or after 1 October 2024) may allow the early redemption of shares linked to participation in the transaction, but requests for early redemption will be put on hold and processed only after the completion of the transaction, after 7 November 2024.
When you take part in “Link”, you become a shareholder via the company mutual fund (FCPE) from which you receive shares. It is the Supervisory Board of the Link International Fund that exercises the voting rights attached to the ENGIE shares owned by the fund.
After two years of holding the shares under the Link 2024 offer, the FCPE will have double voting rights on these shares.
The “Link International” FCPE Supervisory Board comprises 4 employee members who are investors, representing employee and ex-employee investors, elected from among all investors and 4 members representing the Company, appointed by ENGIE management.
In all instances, the number of Company representatives will be at most equal to the number of shareholder representatives.
The board meets at least once a year and is mandated to:
- Take important decisions regarding the operation of the fund (deciding on amendments to the FCPE Regulations, authorising merger and de-merger operations, etc.),
- Examine the management report, the fund’s annual accounts and monitor and audit the financial (investment policy, return review), administrative and account management of the fund,
- Exercise the voting rights attached to the equity securities held in the fund portfolio,
- Represent the interests of the shareholders.