L’Oréal announces launch of fourth employee share ownership plan
03 Giugno 2024 - 6:53PM
L’Oréal announces launch of fourth employee share ownership plan
L’Oréal today announces the launch of its fourth Employee Share
Ownership Plan, allowing employees to purchase shares in L’Oréal
and more closely participate in its development. In 2024, the plan
will be rolled out in all countries where it is feasible (63 in
total) and features enhanced accessibility for employees recently
joining the Groupe.
“We introduced the Employee Share Ownership Plan in 2018 to
enable employees to join in the great collective adventure that is
L’Oreal Groupe. The response was outstanding – and since then, more
than 37,000 employees have participated, demonstrating their
commitment and confidence in the future growth and values of the
Groupe,” said Nicolas Hieronimus, Chief Executive Officer,
L’Oréal Groupe. “We wish to continue to share in our
success with as many employees as possible, in France and
internationally, which is why our ambition moving forward is to
offer the Employee Share Ownership Plan on an annual basis1.”
Beneficiaries will have the possibility to purchase L’Oréal
shares in a ‘classic’ subscription formula, where the value of
their investment will vary with changes in the L’Oréal share price.
They will also benefit from an employer contribution, subject to
the terms and conditions described in the plan documentation.
Key dates and figures:
- The plan is limited to 275,000 shares, including employer
contribution
- The subscription period will run from 5 June 20204 to 19 June
2024
- Settlement, or payment delivery, is planned for 30 July
2024
The share purchase price was set on 31 May 2024 and is equal to
the average of the opening price of L’Oréal shares on the Euronext
Paris exchange over the twenty trading days preceding the decision,
after a 20% discount.
Shares purchased in registered form, as well as employee
shareholding fund units, will be blocked for a five-year period,
subject to early release exceptions defined by applicable
regulations in France and the other countries in which the offer is
made available.
The application for admission to trading on the Euronext Paris
exchange of the shares issued will be filed as soon as possible
after the capital increase. They will be listed under the same code
as the existing shares (ISIN code: FR0000120321) and will be
fungible with those shares from their admission to trading.
About L’Oréal
For 115 years, L’Oréal, the world’s leading beauty player, has
devoted itself to one thing only: fulfilling the beauty aspirations
of consumers around the world. Our purpose, to create the beauty
that moves the world, defines our approach to beauty as essential,
inclusive, ethical, generous and committed to social and
environmental sustainability. With our broad portfolio of 37
international brands and ambitious sustainability commitments in
our L’Oréal for the Future programme, we offer each and every
person around the world the best in terms of quality, efficacy,
safety, sincerity and responsibility, while celebrating beauty in
its infinite plurality. With more than 90,000 committed employees,
a balanced geographical footprint and sales across all distribution
networks (e-commerce, mass market, department stores,
pharmacies,perfumeries, hair salons, branded and travel retail), in
2023 theGroup generated sales amounting to 41.18 billion
euros. With 20 research centers across 11
countries around the world and a dedicated Research and Innovation
team of over 4,000 scientists and 6,400 Digital talents, L’Oréal is
focused on inventing the future of beauty and becoming a Beauty
Tech powerhouse.More information
on https://www.loreal.com/en/mediaroom.
This press release does not constitute an offer of sale or
solicitation of an offer to purchase L'Oréal shares. If you wish to
obtain more comprehensive information about L'Oréal, please refer
to the public documents registered in France with the Autorité des
Marchés Financiers, also available in English on our
website www.loreal-finance.com. For residents of Israel,
the offering described above is made pursuant to the Disclosure
Document which may be obtained on the subscription website.
This press release may contain forecast information. While the
Company believes that these statements are based on reasonable
assumptions as of the date of publication of this press release,
they are by nature subject to risks and uncertainties which may
lead to a discrepancy between the actual figures and those
indicated or suggested in these statements.”
CONTACTS
L’ORÉALSwitchboard +33 (0) 1 47 56 70
00Individual shareholders and market authorities
Pascale Guerin +33 (0)1 49 64 18 89
pascale.guerin@loreal.comInvestor relations
Eva Quiroga +33 (0)7 88 14 22 65
eva.quiroga@loreal.comMedia Brune
Diricq +33 (0)6 63 85 29 87 brune.diricq
@loreal.comChristine Burke +33 (0)6 75 54 38 15
arnaud.fraboul@loreal.com
For further information, please contact your bank, stockbroker
of financial institution (I.S.I.N. code: FR000012031) and consult
your usual newspapers or magazines or the Internet site for
shareholders and investors, www.loreal-finance.com, the
L’Oréal Finance app or call the toll-free number from France: 0 800
66 66 66. 0 800 66 66 66
Follow us on LinkedIn @L’Oréal
Follow us on Instagram @lorealgroupe
www.loreal.com
1Future share ownership plans will be subject to the prior
approval of L’Oréal’s shareholders and Board of Directors, the
authorisation of the relevant authorities, in particular the French
AMF (Autorité des Marchés Financiers), to the completion of the
required procedures with employee representatives and to market and
economic conditions. The offered conditions may vary from year to
year.
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