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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]