What are the payment methods?

Several payment methods are available. You can pay for your investment:

• Through voluntary payment:
• in cash through a direct debit from your bank account, or
• in six (6) monthly instalments¹ through a deduction from your salary.
  
  
• By allocation, only during the reservation period (from April 28 to May 12, 2026), of all or part of your profit-sharing and/or incentive payments. Prior to the capital increase, the profit-sharing and incentive amounts will be paid into the “T.EN Relais France 2026” employee investment fund, which will be invested prudently until the capital increase.

After the subscription price has been announced, you will have the option to withdraw during the subscription/withdrawal period. Please note that in this context, the amounts from profit-sharing and incentive schemes that are subject to withdrawal will be automatically invested in the “AMUNDI 3 MOIS ESR-A” employee share ownership fund.

You will then be able to transfer your assets to another PEG FCPE. These assets will remain blocked until the end of the plan's lock-up period, except in the event of early release.

How much can you invest?

• No minimum investment.
  
  
• Maximum:

Your total payments into all savings plans (except collective company pension plans) during 2026 must not exceed 25% of your gross annual salary in 2026 (including bonuses, premiums etc.). The incentive and profit-sharing amounts allocated to the plan are not taken into account for this calculation. If you participate in the ESOP Leverage offer, the bank supplement paid into this offer (equal to 9 times the amount of your personal contribution) is included in the calculation of this ceiling.

However, the matching contribution paid by your employer under ESOP Classic is not taken into account.

¹ The first instalment will be deducted in August 2026.

What happens if demand exceeds
the number of shares offered in ESOP 2026?

The offer is for a maximum amount of shares corresponding to 1.5% of the share capital, up to a total subscription amount of 55 million euros. 

In the event that the number of subscriptions exceeds this limit, reductions in the number of shares allocated will be calculated as follows:

• The total number of shares offered shall be divided by the number of subscribers to obtain the "average subscription".
• All subscriptions for an amount less than or equal to this "average subscription" shall be met in full.
• All subscriptions for a number of shares greater than the "average subscription" will be served in proportion to the number of shares requested and not yet allocated.

Then, if more than one payment method is used, the reduction will be made in the following order of priority:

• Through voluntary payment:
• in cash through a direct debit from your bank account, or 
• in 6 monthly instalments1 through deduction from salary.
  
  
• Through allocation of all or part of the profit-sharing and incentive payments.

 
Please note that payment transactions will only be made and invested after any reduction. If the reduction relates to the profit-sharing or incentive payment, the reduced portion will be transferred to the "AMUNDI 3 MOIS ESR-A" FCPE. You can then transfer your assets to another FCPE of the PEG. This amount will remain locked-up until the end of the lock-up period provided for in the plan, except in the event of early release.

How can you participate?

You can participate in just a few clicks:

1. Click on the "Participate in ESOP 2026" button.
2. Confirm your identity using the instructions sent to you by e-mail or by post.
3. Read the legal conditions for participating in ESOP 2026.
4. Fill in the reservation screen.
5. Confirm your reservation 
6. Download the PDF summary of your subscription. 

For more information, please consult the Q & A page.