L'Oréal: News release: "Launch of a second Employee Share Ownership Plan"
31 Agosto 2020 - 06:00PM
L'Oréal: News release: "Launch of a second Employee Share Ownership
Plan"
Launch of a second Employee Share
Ownership Plan
Clichy, 31 August 2020 -
L’Oréal is announcing the launch of its second Employee Share
Ownership Plan.
The plan will be rolled out in 57 countries and
will give L’Oréal employees, in France and internationally, the
possibility to be even more closely linked to the Group’s
development.
With its first worldwide employee Share
Ownership Plan in 2018, L’Oréal opened a new chapter in its social
policy.
For this second plan, Jean-Paul Agon,
Chairman and CEO of L’Oréal, reaffirmed: “This year, after
the success of the first plan in 2018, we want to once again
involve our employees in the prosperity of our Group. This second
Employee Share Ownership Plan is a new opportunity to allow those
who wish to do so to support the development of the company and
participate in its strategic project. This new plan reaffirms our
ambition to unite our employees even more closely with L'Oréal's
future.”
The share purchase price will be set on 14
September 2020. It will be 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.
The plan is limited to 500,000 shares (including
employer contribution).
The subscription period will run from 17
September to 2 October 2020, and settlement (payment-delivery) is
planned for 3 November 2020.
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.
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'OréalL’Oréal has
devoted itself to beauty for over 100 years. With its unique
international portfolio of 36 diverse and complementary brands, the
Group generated sales amounting to 29.87 billion euros in 2019 and
employs 88,000 people worldwide. As the world’s leading beauty
company, L’Oréal is present across all distribution networks: mass
market, department stores, pharmacies and drugstores, hair salons,
travel retail, branded retail and e-commerce.Research and
innovation, and a dedicated research team of 4,100 people, are at
the core of L’Oréal’s strategy, working to meet beauty aspirations
all over the world. L’Oréal sets out ambitious sustainable
development goals across the Group for 2030 and aims to empower its
ecosystem for a more inclusive and sustainable society.More
information: https://mediaroom.loreal.com/
"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.
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.”
L'ORÉAL contacts (switchboard:
+33 (0)1 47 56 70 00)
Individual Shareholders and Market
RegulatorsChristian MUNICH - Tel.: +33 (0)1 47 56 72 06 -
christian.munich2@loreal.com
Financial Analysts and Institutional
InvestorsFrançoise LAUVIN - Tel.: +33 (0)1 47 56 86 82 -
francoise.lauvin@loreal.com
MediaDomitille FAFIN - Tel.: +33
(0)1 47 56 76 71 - domitille.fafin@loreal.com
For more information, please consult banks,
brokerage firms or financial institutions (I.S.I.N. code:
FR0000120321), your usual journals, the shareholders and investors
website www.loreal-finance.com or the L’Oréal Finance mobile
application, or call the freephone number: 0800 66 66 66.
www.loreal-finance.com - Follow us on
Twitter @Loreal
-
PR_LOreal_Launch_second_Employee_Share_Ownership_Plan_31.08.2020
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