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Elis announces a 2025 “Elis for All” employee share ownership plan
Globenewswire· 2025-09-03 05:00
Core Points - Elis has announced the launch of a new employee share ownership plan called "Elis for All" for 2025, aimed at enhancing employee engagement and ownership within the company [1][3] - The plan includes two capital increases, one for employees participating in the Elis Group Savings Plan and another for employees of foreign subsidiaries, with a total offering ceiling of €2 million, representing 2,000,000 shares, or 0.85% of the share capital [2][4] Offering Details - The "Elis for All" plan offers a 30% discount on the reference price and a matching contribution of one share for every ten shares subscribed [5] - Employees in France must have a minimum seniority of three months to participate, while foreign employees must also meet the same seniority requirement [6] - The offering is available to employees in various countries, including Belgium, Brazil, Germany, Italy, Spain, and the UK, among others [7] Subscription Conditions - The subscription price will be determined based on the average opening price of the Elis share over the 20 trading days prior to the subscription period, minus the 30% discount [9] - Employees' payments cannot exceed €50,000 or one-quarter of their annual gross remuneration [12] - A lock-up period of five years applies for shares subscribed in France, while a three-year lock-up period applies for foreign subsidiaries [13] Timeline - The subscription pricing is set for September 15, 2025, with the subscription period running from September 16 to October 2, 2025, and completion of capital increases expected by November 13, 2025 [14] Listing Information - Newly issued shares will be admitted to trading on the Euronext Paris regulated market following the completion of the capital increases [15]
L’ORÉAL ANNOUNCES LAUNCH OF NEW EMPLOYEE SHARE PLAN
Globenewswire· 2025-06-10 16:05
Core Points - L'Oréal has launched its fifth employee share ownership plan, allowing employees to purchase shares and participate in the company's development [1][2] - The plan will be available in 62 countries and offers a maximum of 300,000 shares, which is an increase of 25,000 shares compared to the previous year [1][2][7] - Currently, over 45,000 employees, nearly half of the workforce, are shareholders, reflecting the company's commitment to sharing economic value [2] Financial Details - The share purchase price is based on the average opening price of L'Oréal shares on the Euronext Paris exchange over the twenty trading days prior to June 6, 2025, with a 20% discount applied [3] - The subscription period for the share purchase will run from June 11, 2025, to June 25, 2025, with settlement planned for July 29, 2025 [7] Company Overview - L'Oréal has been a leader in the beauty industry for 115 years, focusing on fulfilling consumer beauty aspirations while committing to social and environmental sustainability [5] - The company generated sales of €43.48 billion in 2024 and employs over 90,000 people globally [6]
Societe Generale launches a new global employee share ownership programme
Globenewswire· 2025-05-20 06:07
Core Points - Societe Generale has launched a new global employee share ownership program, allowing eligible employees and retired former employees to subscribe for a capital increase on preferential terms [1][4] - The subscription period for the share offer is set from June 2 to June 16, 2025, with settlement and delivery of shares scheduled for July 24, 2025 [1][12] - This program is the 32nd offered by the Group, aimed at involving employees in the company's development and enabling them to benefit from long-term value creation [4] Subscription Details - The capital increase targets a maximum of 12,044,800 shares, with a total nominal amount of EUR 15,056,000 [5][8] - The subscription price is set at EUR 35.76, reflecting a 20% discount based on the average market price [8][10] - The subscription will be available through employee mutual funds in France and directly via registered shares outside France [8][12] Eligibility and Limits - Eligible participants include employees with at least three months of seniority and retired former employees who have retained assets in the Company or Group Savings Plans [10] - The total amount of payments made by beneficiaries cannot exceed 25% of their gross annual remuneration or EUR 20,000 [10][12] - The program includes two tranches: one for employees under Company or Group Savings Plans and another for those under the International Group Savings Plan [9][13] Rights and Marketability - New shares will bear dividend rights as of January 1, 2025, and will be fully assimilated with existing shares [14] - Shares will be subject to a five-year unavailability period, with specific conditions for early release depending on local legislation [14][12] - The new shares will be listed on Euronext Paris, with the listing expected around July 29, 2025 [12][14]
Renault Group strengthens value sharing through employee share ownership
Globenewswire· 2025-05-09 15:45
Core Points - Renault Group is renewing its employee share ownership plan for the fourth consecutive year, emphasizing value sharing and employee involvement in the company's performance and long-term strategy [1] - Nearly 100,000 eligible employees across 30 countries will receive three free shares, reinforcing the Group's commitment to social responsibility and recognizing employees as key drivers of long-term success [1][7] - Eligible employees in 24 countries can purchase shares at a preferential price of €31.34, reflecting a 30% discount from the reference price of €44.76 [2][7] - For every share purchased, employees will receive three additional free shares, resulting in a total of seven shares for an investment of €31.34, equating to a gross benefit of €281.98 [3][7] - Employee investment is capped at 25% of their estimated gross annual salary for 2025, ensuring a structured approach to participation [3] - As of December 31, 2024, employees held 5.63% of Renault Group's share capital, indicating a growing trend in employee ownership [7] Company Overview - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [5] - The Group is focused on sustainable and innovative mobility solutions, with a commitment to achieving carbon neutrality in Europe by 2040 [6] - The Renaulution Shareplan aims to create an inclusive and participative company model, further enhancing employee engagement and ownership [7]