Dexia's 2001 Shareholding Plan reserved for its workforce has just
closed having been successful and constitutes another step toward a real
employee shareholding establishing the culture for the group.
In total, 6 out of 10 employees have subscribed to Dexia shares.
More specifically in Belgium, the Plan received a large membership
from Artesia as well as from Dexia Bank (with 68% and 62% respectively
of employee subscribers). Internationally (outside Belgium, France and
Luxembourg), the rate of membership has increased by more than 50% from
one year to another. In France the membership rate remains high at 72%.
These participation rates demonstrate the strengthening of the
employees¿ feeling of belonging to a Group socially united around a main
holding company, Dexia SA, since the end of November 1999.
Nearly EUR 170 M was raised, an increase of 32% in relation to the
2000 Shareholding Plan, which represents 1% of the capital. Employees
now hold 2,5% of Dexia SA¿s capital. As a reminder, the group has itself
an objective of 5% of capital to be held by the workforce by 2005.
The amounts subscribed are all the more significant since the
subscription period began on September 20, 2001 in a context of high
volatility of financial markets after the tragic events of September 11.
At the time when the Euro is being successfully introduced in the
European Community, the diversity of national legislation is still a
limit to the development of a European employee shareholding. By
capitalizing on this successful operation, Dexia aims at playing an
active role in the debate regarding employee shareholding.