{"id":105,"date":"2026-05-19T22:50:03","date_gmt":"2026-05-19T20:50:03","guid":{"rendered":"https:\/\/sharesvaleo.demos2h.fr\/us\/?page_id=105"},"modified":"2026-07-27T14:34:25","modified_gmt":"2026-07-27T12:34:25","slug":"foire-aux-questions","status":"publish","type":"page","link":"https:\/\/shares4u.valeo.com\/us\/foire-aux-questions\/","title":{"rendered":"FAQ"},"content":{"rendered":"<section id=\"s2h-faq\" class=\"s2h-faq container   pt-0 pb-0 mt-0 mb-0    \">\n        <ul class=\"nav nav-pills ms-lg-5 s2h-faq-categories\">\n            \n                <ul class=\"nav-top-btn-group\"><li class=\"nav-item active\" role=\"presentation\" style=\"margin-top:-20px\"><button id=\"catid_all\" data-bs-toggle=\"pill\" data-bs-target=\"#tab_0\"  type=\"button\" role=\"tab\" aria-controls=\"tab_0\" aria-selected=\"true\"  aria-expanded=\"true\" class=\"text-uppercase\">All<\/button><\/li>\n        <li class=\"nav-item\" role=\"presentation\">\n        <button id=\"catid_3\" data-bs-toggle=\"pill\" data-bs-target=\"#tab_3\" \n            type=\"button\" role=\"tab\" aria-controls=\"tab_3\" \n            aria-selected=\"false\">\n            <span class=\"my-auto\">Context of the offer<\/span>\n        <\/button>\n        \n        <\/li>\n        <li class=\"nav-item\" role=\"presentation\">\n        <button id=\"catid_10\" data-bs-toggle=\"pill\" data-bs-target=\"#tab_10\" \n            type=\"button\" role=\"tab\" aria-controls=\"tab_10\" \n            aria-selected=\"false\">\n            <span class=\"my-auto\">Investment<\/span>\n        <\/button>\n        \n        <\/li>\n        <li class=\"nav-item\" role=\"presentation\">\n        <button id=\"catid_4\" data-bs-toggle=\"pill\" data-bs-target=\"#tab_4\" \n            type=\"button\" role=\"tab\" aria-controls=\"tab_4\" \n            aria-selected=\"false\">\n            <span class=\"my-auto\">Operation of the offer<\/span>\n        <\/button>\n        \n        <\/li>\n        <li class=\"nav-item\" role=\"presentation\">\n        <button id=\"catid_8\" data-bs-toggle=\"pill\" data-bs-target=\"#tab_8\" \n            type=\"button\" role=\"tab\" aria-controls=\"tab_8\" \n            aria-selected=\"false\">\n            <span class=\"my-auto\">Subscribing to the offer<\/span>\n        <\/button>\n        \n        <\/li>\n        <li class=\"nav-item\" role=\"presentation\">\n        <button id=\"catid_9\" data-bs-toggle=\"pill\" data-bs-target=\"#tab_9\" \n            type=\"button\" role=\"tab\" aria-controls=\"tab_9\" \n            aria-selected=\"false\">\n            <span class=\"my-auto\">Taxation and costs<\/span>\n        <\/button>\n        \n        <\/li>\n                <\/ul>\n            \n        <\/ul>\n       <div class=\"col tab-content\"><div class=\"tab-pane fade \" id=\"tab_3\" role=\"tabpanel\" aria-labelledby=\"catid_3\"><div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_3_1\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_3_1\" aria-expanded=\"false\" aria-controls=\"collapse_3_1\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Why an employee shareholding offer? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_3_1\" class=\"collapse item-body\" aria-labelledby=\"heading_3_1\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Valeo wishes to offer its collaborators the possibility to contribute to the Group\u2019s development and participate in its success, by becoming shareholders in the same way as the other shareholders of the Group.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_3_2\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_3_2\" aria-expanded=\"false\" aria-controls=\"collapse_3_2\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Where do the shares offered to employees come from? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_3_2\" class=\"collapse item-body\" aria-labelledby=\"heading_3_2\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The shares offered under the Shares4U offering come from a capital increase authorised by Valeo\u2019s Board of Directors, within the limit of an overall envelope of 1,200,000 Valeo shares.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_3_3\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_3_3\" aria-expanded=\"false\" aria-controls=\"collapse_3_3\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What is a share? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_3_3\" class=\"collapse item-body\" aria-labelledby=\"heading_3_3\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>A share is an ownership security representing a fraction of a company\u2019s share capital. All issued shares together make up Valeo\u2019s share capital. The Valeo shares offered under the Shares4U offering are listed shares on Euronext Paris (ISIN code FR0013176526).<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><div class=\"tab-pane fade \" id=\"tab_10\" role=\"tabpanel\" aria-labelledby=\"catid_10\"><div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_10_19\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_10_19\" aria-expanded=\"false\" aria-controls=\"collapse_10_19\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How can you follow the value of your savings? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_10_19\" class=\"collapse item-body\" aria-labelledby=\"heading_10_19\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>From the beginning of 2027, you will receive an annual statement showing the value of your savings. This will be sent to you electronically at the email address that you will have provided upon subscription.\u200b You may also follow the evolution of your investment by connecting on your personal space on Banque Transatlantique\u2019s website, using the codes provided to you. \u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_10_20\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_10_20\" aria-expanded=\"false\" aria-controls=\"collapse_10_20\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What happens if you leave the company? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_10_20\" class=\"collapse item-body\" aria-labelledby=\"heading_10_20\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>In the event of termination of your employment contract with Valeo (excluding intra-group mobility), you may, subject to the conditions set out in the PEGI rules, request the release of your assets or leave them invested in the PEGI. The detailed terms and conditions are set out in the Valeo PEGI rules.\u200b<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_10_21\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_10_21\" aria-expanded=\"false\" aria-controls=\"collapse_10_21\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> When is my investment available? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_10_21\" class=\"collapse item-body\" aria-labelledby=\"heading_10_21\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The shares subscribed in this offering are subject to a lock-up period until June 30, 2031. Free Shares are available upon delivery November 30, 2029, under the condition of presence as specified in the plan.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_10_22\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_10_22\" aria-expanded=\"false\" aria-controls=\"collapse_10_22\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What are the cases for early release? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_10_22\" class=\"collapse item-body\" aria-labelledby=\"heading_10_22\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Your shares can be released before the end of the lock-up period in certain specific cases (early release events) provided for by law. To see the exhaustive list of these cases and the application procedures (including the required supporting documents), please refer to the Local Supplement available on shares4u.valeo.com.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_10_29\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_10_29\" aria-expanded=\"false\" aria-controls=\"collapse_10_29\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Can I withdraw my shares before the end of the lock-up period? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_10_29\" class=\"collapse item-body\" aria-labelledby=\"heading_10_29\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Generally, you must keep your shares subscribed until June 30, 2031. However, early release events exist as set out in the &#8220;Local Supplement&#8221;. Please refer to this document for the exhaustive list of early release events and the procedures to request an early withdrawal, including required supporting documents.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><div class=\"tab-pane fade \" id=\"tab_4\" role=\"tabpanel\" aria-labelledby=\"catid_4\"><div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_4_6\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_4_6\" aria-expanded=\"false\" aria-controls=\"collapse_4_6\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How is the Valeo share value determined? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_4_6\" class=\"collapse item-body\" aria-labelledby=\"heading_4_6\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The reference price is the average listed price of Valeo shares (opening prices) over the 20 trading days preceding the date on which the subscription price is fixed by the Chief Executive Officer of Valeo, acting upon delegation of the Board of Directors, scheduled for September 14, 2026.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_4_7\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_4_7\" aria-expanded=\"false\" aria-controls=\"collapse_4_7\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What is a 20% discount? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_4_7\" class=\"collapse item-body\" aria-labelledby=\"heading_4_7\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Based on the reference price of Valeo shares, you benefit from a 20% discount. As a result, the price at which you subscribe for Valeo shares is reduced by 20%. This preferential condition allows you to acquire more shares for the same amount invested and to mitigate, to some extent, the impact of any decline in the Valeo share price, without eliminating the risk of capital loss.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_4_8\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_4_8\" aria-expanded=\"false\" aria-controls=\"collapse_4_8\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What are the risks of investing in direct shares? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_4_8\" class=\"collapse item-body\" aria-labelledby=\"heading_4_8\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Your savings will be invested solely in Valeo shares listed on Euronext Paris and therefore exposed to a risk of loss of capital; your investment is subject to changes in the Valeo share price; and to risks linked to changes in the value of the U.S. dollar, against the euro. \u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_4_30\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_4_30\" aria-expanded=\"false\" aria-controls=\"collapse_4_30\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How is the Valeo share value determined? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_4_30\" class=\"collapse item-body\" aria-labelledby=\"heading_4_30\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The reference price is the average listed price of Valeo shares (opening prices) over the 20 trading days preceding the date on which the subscription price is fixed by the Chief Executive Officer of Valeo, acting upon delegation of the Board of Directors, scheduled for September 14, 2026.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><div class=\"tab-pane fade \" id=\"tab_8\" role=\"tabpanel\" aria-labelledby=\"catid_8\"><div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_8_9\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_8_9\" aria-expanded=\"false\" aria-controls=\"collapse_8_9\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How does Valeo\u2019s contribution work? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_8_9\" class=\"collapse item-body\" aria-labelledby=\"heading_8_9\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Valeo matches your savings by granting you additional shares for free based on the scale set out in the brochure (the \u201cFree Shares\u201d).\u00a0\u200b<\/p>\n<p>The minimum to subscribe is the equivalent of one share.<\/p>\n<p>By investing \u20ac2,000, you will receive the maximum number of free shares corresponding to a gross matching contribution of \u20ac1,000 allocated as follows:<\/p>\n<ul>\n<li>100% on investments up to and including \u20ac400.<\/li>\n<li>50% on investments above \u20ac400 and up to and including \u20ac1,200<\/li>\n<li>25% on investments above \u20ac1,200 and up to and including \u20ac2,000<\/li>\n<\/ul>\n<p>You may obviously contribute more if you so wish up to a limit of 25% of your gross annual salary, and in this case you will continue to benefit from the discount.\u00a0\u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_8_10\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_8_10\" aria-expanded=\"false\" aria-controls=\"collapse_8_10\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> When can I subscribe? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_8_10\" class=\"collapse item-body\" aria-labelledby=\"heading_8_10\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The offer runs for a limited period of time. The subscription period is from September 15, 2026 to September 29, 2026 inclusive. Subscription requests made outside of this period will not be processed.\u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_8_11\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_8_11\" aria-expanded=\"false\" aria-controls=\"collapse_8_11\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How do I subscribe? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_8_11\" class=\"collapse item-body\" aria-labelledby=\"heading_8_11\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>If you meet the eligibility conditions, you can subscribe for Valeo shares directly online:<\/p>\n<ul>\n<li>(recommended method) at shares4u.valeo.com using the personal log-in codes sent to you by e-mail or delivered to you personally; \u200b<\/li>\n<li>or alternatively, by completing the subscription form that can be obtained from your local Human Resources department, and returning it signed and dated before September 29, 2026 (date of receipt by HR). If sent by post-mail, it is recommended to return a few days earlier, in order for it to be received before September 29, 2026.<\/li>\n<\/ul>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_8_12\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_8_12\" aria-expanded=\"false\" aria-controls=\"collapse_8_12\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How much can I invest? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_8_12\" class=\"collapse item-body\" aria-labelledby=\"heading_8_12\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><ul>\n<li>Subscription price of 1 share minimum amount. \u200b<\/li>\n<li>25% of your gross annual compensation maximum amount. \u200b<\/li>\n<\/ul>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_8_14\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_8_14\" aria-expanded=\"false\" aria-controls=\"collapse_8_14\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What happens if requests for subscription exceed the number of Valeo shares available for the offering? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_8_14\" class=\"collapse item-body\" aria-labelledby=\"heading_8_14\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The Board of Directors of Valeo SE decided on 26 February 2026 upon the implementation of an offering of shares reserved for employees up to the limit of 1,200,000 Valeo ordinary shares listed on Euronext Paris (ISIN FR0013176526).<\/p>\n<p>If the number of shares required for the offering exceeds this limit, subscriptions will be scaled back in accordance with the following rule:<\/p>\n<ul>\n<li>Step 1: all requests for subscription for an amount that is equal to or less than\u00a0 \u20ac3,000 will be met in full.<\/li>\n<li>Step 2: for all requests for subscription in excess of \u20ac3,000, any subscription above this amount will be met in proportion to the number of shares requested and not yet met.<\/li>\n<\/ul>\n<p>If and only if after Step 1 the number of shares to be allocated would be in excess of the limit of 1,200,000 shares, then the reduction calculation shall be implemented as follows: the higher requests for subscription shall be reduced by successive levelling until the 1,200,000 number of shares offered under Shares4U 2026 is reached.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_8_28\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_8_28\" aria-expanded=\"false\" aria-controls=\"collapse_8_28\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Is it possible to modify your subscription? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_8_28\" class=\"collapse item-body\" aria-labelledby=\"heading_8_28\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Yes, you can modify your subscription until the last day of the subscription period, which is September 29, 2026.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><div class=\"tab-pane fade \" id=\"tab_9\" role=\"tabpanel\" aria-labelledby=\"catid_9\"><div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_9_15\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_9_15\" aria-expanded=\"false\" aria-controls=\"collapse_9_15\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What is the tax framework of this offer? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_9_15\" class=\"collapse item-body\" aria-labelledby=\"heading_9_15\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The tax treatment of your investment is subject to local The United States legislation. For detailed information regarding the tax consequences of participating in the Shares4U plan, please refer to the \u201cLocal Supplement\u201d for The United States and available on the shares4u.valeo.com website or upon request from your local Human Resources department.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><div class=\"tab-pane fade\" id=\"tab_0\" role=\"tabpanel\" aria-labelledby=\"catid_0\"><div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_1\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_1\" aria-expanded=\"false\" aria-controls=\"collapse_0_1\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Why an employee shareholding offer? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_1\" class=\"collapse item-body\" aria-labelledby=\"heading_0_1\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Valeo wishes to offer its collaborators the possibility to contribute to the Group\u2019s development and participate in its success, by becoming shareholders in the same way as the other shareholders of the Group.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_2\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_2\" aria-expanded=\"false\" aria-controls=\"collapse_0_2\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Where do the shares offered to employees come from? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_2\" class=\"collapse item-body\" aria-labelledby=\"heading_0_2\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The shares offered under the Shares4U offering come from a capital increase authorised by Valeo\u2019s Board of Directors, within the limit of an overall envelope of 1,200,000 Valeo shares.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_3\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_3\" aria-expanded=\"false\" aria-controls=\"collapse_0_3\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What is a share? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_3\" class=\"collapse item-body\" aria-labelledby=\"heading_0_3\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>A share is an ownership security representing a fraction of a company\u2019s share capital. All issued shares together make up Valeo\u2019s share capital. The Valeo shares offered under the Shares4U offering are listed shares on Euronext Paris (ISIN code FR0013176526).<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_6\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_6\" aria-expanded=\"false\" aria-controls=\"collapse_0_6\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How is the Valeo share value determined? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_6\" class=\"collapse item-body\" aria-labelledby=\"heading_0_6\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The reference price is the average listed price of Valeo shares (opening prices) over the 20 trading days preceding the date on which the subscription price is fixed by the Chief Executive Officer of Valeo, acting upon delegation of the Board of Directors, scheduled for September 14, 2026.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_7\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_7\" aria-expanded=\"false\" aria-controls=\"collapse_0_7\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What is a 20% discount? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_7\" class=\"collapse item-body\" aria-labelledby=\"heading_0_7\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Based on the reference price of Valeo shares, you benefit from a 20% discount. As a result, the price at which you subscribe for Valeo shares is reduced by 20%. This preferential condition allows you to acquire more shares for the same amount invested and to mitigate, to some extent, the impact of any decline in the Valeo share price, without eliminating the risk of capital loss.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_8\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_8\" aria-expanded=\"false\" aria-controls=\"collapse_0_8\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What are the risks of investing in direct shares? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_8\" class=\"collapse item-body\" aria-labelledby=\"heading_0_8\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Your savings will be invested solely in Valeo shares listed on Euronext Paris and therefore exposed to a risk of loss of capital; your investment is subject to changes in the Valeo share price; and to risks linked to changes in the value of the U.S. dollar, against the euro. \u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_9\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_9\" aria-expanded=\"false\" aria-controls=\"collapse_0_9\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How does Valeo\u2019s contribution work? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_9\" class=\"collapse item-body\" aria-labelledby=\"heading_0_9\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Valeo matches your savings by granting you additional shares for free based on the scale set out in the brochure (the \u201cFree Shares\u201d).\u00a0\u200b<\/p>\n<p>The minimum to subscribe is the equivalent of one share.<\/p>\n<p>By investing \u20ac2,000, you will receive the maximum number of free shares corresponding to a gross matching contribution of \u20ac1,000 allocated as follows:<\/p>\n<ul>\n<li>100% on investments up to and including \u20ac400.<\/li>\n<li>50% on investments above \u20ac400 and up to and including \u20ac1,200<\/li>\n<li>25% on investments above \u20ac1,200 and up to and including \u20ac2,000<\/li>\n<\/ul>\n<p>You may obviously contribute more if you so wish up to a limit of 25% of your gross annual salary, and in this case you will continue to benefit from the discount.\u00a0\u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_29\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_29\" aria-expanded=\"false\" aria-controls=\"collapse_0_29\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Can I withdraw my shares before the end of the lock-up period? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_29\" class=\"collapse item-body\" aria-labelledby=\"heading_0_29\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Generally, you must keep your shares subscribed until June 30, 2031. However, early release events exist as set out in the &#8220;Local Supplement&#8221;. Please refer to this document for the exhaustive list of early release events and the procedures to request an early withdrawal, including required supporting documents.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_10\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_10\" aria-expanded=\"false\" aria-controls=\"collapse_0_10\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> When can I subscribe? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_10\" class=\"collapse item-body\" aria-labelledby=\"heading_0_10\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The offer runs for a limited period of time. The subscription period is from September 15, 2026 to September 29, 2026 inclusive. Subscription requests made outside of this period will not be processed.\u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_11\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_11\" aria-expanded=\"false\" aria-controls=\"collapse_0_11\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How do I subscribe? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_11\" class=\"collapse item-body\" aria-labelledby=\"heading_0_11\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>If you meet the eligibility conditions, you can subscribe for Valeo shares directly online:<\/p>\n<ul>\n<li>(recommended method) at shares4u.valeo.com using the personal log-in codes sent to you by e-mail or delivered to you personally; \u200b<\/li>\n<li>or alternatively, by completing the subscription form that can be obtained from your local Human Resources department, and returning it signed and dated before September 29, 2026 (date of receipt by HR). If sent by post-mail, it is recommended to return a few days earlier, in order for it to be received before September 29, 2026.<\/li>\n<\/ul>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_12\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_12\" aria-expanded=\"false\" aria-controls=\"collapse_0_12\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How much can I invest? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_12\" class=\"collapse item-body\" aria-labelledby=\"heading_0_12\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><ul>\n<li>Subscription price of 1 share minimum amount. \u200b<\/li>\n<li>25% of your gross annual compensation maximum amount. \u200b<\/li>\n<\/ul>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_14\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_14\" aria-expanded=\"false\" aria-controls=\"collapse_0_14\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What happens if requests for subscription exceed the number of Valeo shares available for the offering? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_14\" class=\"collapse item-body\" aria-labelledby=\"heading_0_14\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The Board of Directors of Valeo SE decided on 26 February 2026 upon the implementation of an offering of shares reserved for employees up to the limit of 1,200,000 Valeo ordinary shares listed on Euronext Paris (ISIN FR0013176526).<\/p>\n<p>If the number of shares required for the offering exceeds this limit, subscriptions will be scaled back in accordance with the following rule:<\/p>\n<ul>\n<li>Step 1: all requests for subscription for an amount that is equal to or less than\u00a0 \u20ac3,000 will be met in full.<\/li>\n<li>Step 2: for all requests for subscription in excess of \u20ac3,000, any subscription above this amount will be met in proportion to the number of shares requested and not yet met.<\/li>\n<\/ul>\n<p>If and only if after Step 1 the number of shares to be allocated would be in excess of the limit of 1,200,000 shares, then the reduction calculation shall be implemented as follows: the higher requests for subscription shall be reduced by successive levelling until the 1,200,000 number of shares offered under Shares4U 2026 is reached.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_15\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_15\" aria-expanded=\"false\" aria-controls=\"collapse_0_15\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What is the tax framework of this offer? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_15\" class=\"collapse item-body\" aria-labelledby=\"heading_0_15\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The tax treatment of your investment is subject to local The United States legislation. For detailed information regarding the tax consequences of participating in the Shares4U plan, please refer to the \u201cLocal Supplement\u201d for The United States and available on the shares4u.valeo.com website or upon request from your local Human Resources department.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_30\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_30\" aria-expanded=\"false\" aria-controls=\"collapse_0_30\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How is the Valeo share value determined? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_30\" class=\"collapse item-body\" aria-labelledby=\"heading_0_30\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The reference price is the average listed price of Valeo shares (opening prices) over the 20 trading days preceding the date on which the subscription price is fixed by the Chief Executive Officer of Valeo, acting upon delegation of the Board of Directors, scheduled for September 14, 2026.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_19\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_19\" aria-expanded=\"false\" aria-controls=\"collapse_0_19\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> How can you follow the value of your savings? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_19\" class=\"collapse item-body\" aria-labelledby=\"heading_0_19\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>From the beginning of 2027, you will receive an annual statement showing the value of your savings. This will be sent to you electronically at the email address that you will have provided upon subscription.\u200b You may also follow the evolution of your investment by connecting on your personal space on Banque Transatlantique\u2019s website, using the codes provided to you. \u200b<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_20\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_20\" aria-expanded=\"false\" aria-controls=\"collapse_0_20\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What happens if you leave the company? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_20\" class=\"collapse item-body\" aria-labelledby=\"heading_0_20\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>In the event of termination of your employment contract with Valeo (excluding intra-group mobility), you may, subject to the conditions set out in the PEGI rules, request the release of your assets or leave them invested in the PEGI. The detailed terms and conditions are set out in the Valeo PEGI rules.\u200b<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_21\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_21\" aria-expanded=\"false\" aria-controls=\"collapse_0_21\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> When is my investment available? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_21\" class=\"collapse item-body\" aria-labelledby=\"heading_0_21\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>The shares subscribed in this offering are subject to a lock-up period until June 30, 2031. Free Shares are available upon delivery November 30, 2029, under the condition of presence as specified in the plan.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_22\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_22\" aria-expanded=\"false\" aria-controls=\"collapse_0_22\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> What are the cases for early release? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_22\" class=\"collapse item-body\" aria-labelledby=\"heading_0_22\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Your shares can be released before the end of the lock-up period in certain specific cases (early release events) provided for by law. To see the exhaustive list of these cases and the application procedures (including the required supporting documents), please refer to the Local Supplement available on shares4u.valeo.com.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"tab-content accordion-item\" data-aos=\"fade-zoom-in\"  data-aos-duration=\"650\" data-aos-delay=\"0\"  data-aos-easing=\"ease-in-out\">\n  <div class=\"accordion-header row\" id=\"heading_0_28\">\n    <button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse_0_28\" aria-expanded=\"false\" aria-controls=\"collapse_0_28\"  >\n        <div class=\"col-2 col-md-1 col-xl-1 fleche-faq\"><svg class=\"arrow-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"0 0 16.95 29.38\"><defs><style>.j{fill:url(#h);}.k{clip-path:url(#b);}.k,.l,.m{fill:none;}.n{fill:#1c274c;}.o{fill:url(#e);}.l{clip-path:url(#f);}<\/style><clipPath id=\"b\"><rect class=\"m\" x=\"-1384.84\" y=\"637.51\" width=\"2494.97\" height=\"370.35\"\/><\/clipPath><radialGradient id=\"e\" cx=\"-137.36\" cy=\"1241.19\" fx=\"-137.36\" fy=\"1241.19\" r=\"1012.08\" gradientUnits=\"userSpaceOnUse\"><stop offset=\"0\" stop-color=\"#002f5a\"\/><stop offset=\".16\" stop-color=\"#002f5a\"\/><stop offset=\".27\" stop-color=\"#003260\"\/><stop offset=\".46\" stop-color=\"#004687\"\/><stop offset=\".69\" stop-color=\"#793e5c\"\/><stop offset=\".82\" stop-color=\"#d84e38\"\/><\/radialGradient><clipPath id=\"f\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><\/clipPath><radialGradient id=\"h\" cx=\"1189.84\" cy=\"2553.51\" fx=\"1189.84\" fy=\"2553.51\" r=\"1.38\" gradientTransform=\"translate(-2621073.16 4907676.7) scale(2201.56 -1921.46)\" xlink:href=\"#e\"\/><\/defs><path class=\"n\" d=\"m11.52,16.07c1.66-1.5,1.34-1.74,0-3C8.02,9.57,4.51,6.07,1.01,2.56.42,1.98.42,1.03,1.01.44S2.54-.15,3.13.44l13.07,13.07s0,0,0,0c0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0,.13.14.23.29.3.46.07.17.11.36.12.56h0v.02h0v.02c0,.2-.04.39-.12.56-.07.16-.17.32-.3.46,0,0,0,0,0,0,0,0,0,0,0,0h0s0,0,0,0h0s0,0,0,0c0,0,0,0,0,0L3.13,28.71c-.29.29-.68.44-1.06.44-.24,0-.47-.06-.69-.17,0,0-.21-.11-.37-.27-.33-.33-.87-1.14,0-2.12l10.51-10.51Z\"\/><g class=\"k\"><g class=\"c\"><g class=\"d\"><path class=\"o\" d=\"m-1384.84,539.48v482.39c297.07-175.28,643.5-275.88,1013.36-275.88s694.98,94.49,985.79,259.89c-366.25,445.99-921.94,730.51-1544.03,730.51-153.2.1-305.91-17.38-455.12-52.11v258.62H1110.13v-538.89c-143.05-158.23-310.43-292.63-495.82-398.14,116.33-141.61,212.62-298.54,286.17-466.4H-1384.84Z\"\/><g class=\"l\"><g class=\"g\"><rect class=\"j i\" x=\"-1567.78\" y=\"-7.23\" width=\"2860.84\" height=\"2496.87\" transform=\"translate(-666.04 109.86) rotate(-31.36)\"\/><\/g><\/g><\/g><\/g><\/g><\/svg><\/div>\n        <div class=\"col-10 col-md-11 px-0\">\n          <p class=\"question my-auto\"> Is it possible to modify your subscription? <\/p>\n        <\/div>\n      <\/button>\n          <\/div>\n  <div id=\"collapse_0_28\" class=\"collapse item-body\" aria-labelledby=\"heading_0_28\" data-parent=\"#glossaire-kbs\">\n    <div class=\"accordion-body row\">\n        <div class=\"col-2 col-md-1 col-xl-1\"><\/div>\n        <div class=\"col-10 col-md-11 px-0 content\"><p>Yes, you can modify your subscription until the last day of the subscription period, which is September 29, 2026.<\/p>\n<\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><\/div><\/section>\n    <script>\n    jQuery(document).ready(function ($) {\n    const $buttonAll = $('#catid_all');\n    const $tabTarget = $('#tab_0');\n\n    if ($buttonAll.length && $tabTarget.length) {\n        $buttonAll.addClass('active').attr('aria-selected', 'true');\n        $tabTarget.addClass('active show');\n    }\n   });\n   <\/script>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-105","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/pages\/105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/comments?post=105"}],"version-history":[{"count":4,"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/pages\/105\/revisions"}],"predecessor-version":[{"id":270,"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/pages\/105\/revisions\/270"}],"wp:attachment":[{"href":"https:\/\/shares4u.valeo.com\/us\/wp-json\/wp\/v2\/media?parent=105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}