The ACR 2025 in detail
The regular employee share ownership offers testify to the desire to associate Crédit Agricole group employees closely with the Group’s potential performance by offering them long-term benefit from the value created and strengthen the employee shareholding in Crédit Agricole S.A.’s capital. With the Classique plan, you can invest in Crédit Agricole SA shares on preferential terms.
When you subscribe
You will enjoy a discount of 20% on the reference price for Crédit Agricole SA shares.
This investment involves a risk of loss of capital. Therefore, you assume the typical risks associated with investing in shares. Your capital is not guaranteed and there is a possibility of you not getting it back in full when you sell your shares.
In return for the benefits offered to you, your investment will be locked in until 31 May 2030 inclusive. However, early redemption is possible in the specific circumstances listed in the Country Data Sheet available in the Documentation section of the website.
During the lock-in period
- The value of your assets will reflect the performance of the Crédit Agricole SA share price, which can both rise and fall.
- Any dividends paid out by Crédit Agricole S.A. will be paid directly to you. More information
- You benefit from the advantages inherent in the Crédit Agricole S.A. International Savings Plan (PEEGI): account administration fees are paid by Crédit Agricole SA
During your placement, the value of your investment will also vary according to fluctuations in the exchange rate between the euro and your currency. If the euro appreciates against your currency, the value of the shares in your currency will increase. However, if the euro depreciates against your currency, the value of the shares in your currency will decrease.
The reference price
The average of the Crédit Agricole SA share opening price on the Euronext Paris stock exchange over the 20 trading days preceding the decision that determines the opening of the subscription period (decision scheduled on 23 June 2025).
The subscription price
The reference price minus a 20% discount. This is the price at which you will be able to subscribe to shares in Crédit Agricole SA.
Examples:
For a reference price of €16, which gives a subscription price of €12,80, and an investment of €1,024, or 80 shares in Crédit Agricole SA:
|
Market price for Crédit Agricole SA shares as of 1 June 2030
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Variation in relation to the reference price | Valuation of your assets* at maturity | Your gain or loss at maturity in relation to your initial investment | Your gain or loss at maturity | Average annual yield |
| €9,60 | -40% | €768 | -€256 | -25% | -5,9% |
| €12,80 | -20% | €1,024 | €0 | 0% | 0% |
| €16 | 0% | €1,280 | €256 | +25% | +4,8% |
| €19,20 | +20% | €1,536 | €512 | +50% | +8,9% |
| €22,40 | +40% | €1,792 | €768 | +75% | +12,5% |
Things you should know: the impact dividends have on the performance of your investment
- The payment of dividends over the years contribute to your investment’s performance.
- For more information, please visit the specific page on dividends.
Tax benefit on subscription
The difference between the value of the shares you subscribe to in the ACR and their subscription price is subject to social security contributions and income tax. However, as your shares will be locked in for 4 years and 9 months, there will be a 24.214% deduction on the value of the shares you subscribe to when calculating income tax, which will have the effect of reducing or even cancelling it.
For information on taxes applicable to the ACR, please see the Country Data Sheet available on the website at www.acr.credit-agricole.com.
* Excluding dividends and other sundry proceeds, and before taxes and/or social security contributions.
It's too risky given the international context and its effects on the stock market price!
Crédit Agricole SA makes an offer each year to allow regular investment and spread the risk over time.
So, whether to subscribe or not is up to you, but by investing every year, you limit the capital risk.
With the ACR, it’s been every year for the past 8 years!
I'm concerned about the volatility of the share price
The subscription price is calculated based on an average price over the 20 days before its publication.
It also includes a 20% discount.
The share price has risen sharply recently. Isn't now a good time to invest?
Crédit Agricole S.A. makes an offer each year to allow regular investment and spread the risk over time.
So, whether to subscribe or not is up to you, but by investing every year, you limit the capital risk.
In any case, it's too expensive for me!
1 share
- is the minimum investment in the ACR 2025!
- Moreover, thanks to the 20% discount, you buy 20% cheaper than on the stock market!
5-year lock-in, I prefer to keep my capital available
Remember that there are 13 cases for early redemption that correspond to important moments in life, such as marriage or the purchase of a main residence…
If I have second thoughts about how much I have subscribed, can I change it?
You have until 8 p.m. (Paris time) on 8 July 2025 to change the amount of your subscription!
I don't have time to participate and besides, it seems too complicated to me
On the subscription website, all you have to do is:
1. Check or fill in your personal details;
2. Indicate the number of shares you would like to subscribe for;
3. Confirm!
Will I be taxed on the discount?
You may be eligible for a tax benefit on the discount. For more information, please refer to the “Country Data Sheet” on the website.
I don't know how I'd receive the dividends
When Crédit Agricole S.A. pays a dividend, you receive as many dividends as shares you hold.
The amount is then paid into your bank account.
I might not be here during the subscription period
You can subscribe from 12 p.m. (Paris time) on 24 June to 8 p.m. (Paris time) on 8 July 2025.
What’s more, you can do it from anywhere with your mobile phone!
Scheduling a subscription period for the summer is not very practical
The timing of the offer is dictated by the dividend payment date, among other things.
The statement of share prices used to calculate the subscription price begins on this date so that employees can benefit from a more attractive subscription price.