The offer


Invest in Orange shares under preferential terms


Subscription price including a 30% discount

The subscription price is equal to the reference price minus a 30% discount.

How is the reference price calculated?

The volume-weighted average Orange share price is recorded every day from 5 October to 1st November 2021. The average of these 20 readings corresponds with the reference price.

When you make your reservation, the subscription price is unknown; you will be notified of it on 3 November 2021.


Gross matching contribution of up to €2,600

Regardless of the offer you choose, Orange supplements your personal contribution with a 300% matching contribution within the limit of €140, followed by a 100% matching contribution beyond €140 and up to €1,540 (gross) for both offers. The investment in the guaranteed offer is limited to €1,540.

You can invest beyond €1,540, but only in the classic offer.

In this case, Orange supplements your personal contribution with an additional 30% matching contribution of up to €780.

Consequently, the maximum gross matching contribution paid by Orange is €2,600.

Offers availableBracketYour paymentMatching contribution %Maximum gross matching contribution
Guaranteed offer and classic offerFrom a minimum of €15 up to €140€140300%€420
Beyond €140 and up to €1,540€1,400100%€1,400
Classic offerBeyond €1,540 and up to €4,140€2,60030%€780
€4,1402,600

Sums paid beyond €4,140 do not benefit from the matching contribution but benefit from the 30% discount.

Minimum subscription per offer is €15.

As a result, to benefit from the maximum matching contribution, you need to invest:

I invest

Orange pays me

Classic offer
€4,140

=

Gross matching contribution
€2,600(*)

OU

I invest

Orange pays me

Guaranteed offer
1,540

+

Classic offer
€2,600

=

Gross matching contribution
€2,600(*)

OU

I invest

Orange pays me

Guaranteed offer and/or Classic offer
€1,540
Which I can apportion between the two offers

+

Classic offer
€2,600

=

Gross matching contribution
€2,600(*)

(*) excluding any tax


Two offers available: classic and/or guaranteed

Classic offerGuaranteed offer
Benefits30% discount on the Orange share price
+
300% matching contribution on your payment of up to €140 (*), then 100% matching contribution on your payment of up to €1,540 (*), and 30% matching contribution on the additional €2,600 paid, i.e. €2,600 gross matching contribution for €4,140 paid
+
Potential dividends
+
100% of any increase in the share price upon maturity, i.e. 1st June 2026.
30% discount on the Orange share price
+
300% matching contribution on your payment of up to €140 (*), then 100% matching contribution on your payment of up to €1,540 (*) maximum
+
Your investment is guaranteed within the limit of €3,360, corresponding with a €1,540 personal contribution plus a gross matching contribution of €1,820
+
Guaranteed minimum yield of 2% per annum
OR
Gain in excess of 2% per year, calculated based on the average share price during the lock-up period in relation to the subscription price.
In return Risk of capital loss: your investment mirrors the share price.

You also bear a foreign exchange risk for countries outside the Euro zone.

Investment blocked until 1st June 2026 (except in the event of an early release).
Gains calculated with reference to the average Orange share price during the lock-up period; you waive part of the potential increase in the Orange share price.

You waive any dividends that may be paid.

You also bear a foreign exchange risk for countries outside the Euro zone. The guarantee applies to the value of the investment in Euro and does not protect you from the foreign exchange risk between the Euro and your local currency.

Investment blocked until 1st June 2026 (except in the event of an early release).

(*) the 300% matching contribution up to €140 and the 100% matching contribution up to a payment of €1,540 is common to both offers and applies to the guaranteed offer as a matter of priority.

For all the details of the two offers, watch the video module or read the brochure.


Taxation

Please refer to the Local Supplement of your country to find out about the tax implications of your subscription.