L'ORÉAL: News Release: "Launch of an Employee Share Ownership Plan"
15 Maggio 2018 - 8:30AM
Launch of an Employee Share Ownership
Plan
Clichy, 15 May
2018 - L'Oréal is announcing the launch of its first Employee
Share Ownership Plan.
The plan will be rolled out in 52
countries and will give L'Oréal employees, in France and
internationally, the possibility to be even more closely linked to
the Group's development.
Following the implementation of a
"Worldwide Profit Sharing" policy which gives employees a stake in
the company's results in France and internationally, and the
roll-out of the Share & Care programme, which has offered a set
of social benefits to employees in all countries since 2015,
L'Oréal is starting a new chapter of its social policy with this
Employee Share Ownership Plan.
On this occasion, Jean-Paul Agon,
Chairman and CEO of L'Oréal, said, "L'Oréal has
always intended that its employees benefit from the Group's success
and prosperity. This first Employee Share Ownership Plan will give
employees who want to participate a new way to support the
company's development and be involved in its strategic
projects."
The share purchase price will be
set on 1 June 2018. 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 4 June to 18 June 2018, and settlement (payment-delivery) is
planned for 24 July 2018.
The shares issued will be entitled
to dividends and will rank pari passu with the existing shares from
the time of issue.
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.
This press
release constitutes the information document required by article
212-4 5° of the AMF general regulations and AMF instruction no.
2016-04.
About
L'Oréal
L'Oréal has devoted itself to
beauty for over 100 years. With its unique portfolio of 34
international, diverse and complementary brands, the Group
generated sales of 26.02 billion euros in 2017 and employs 82,600
people worldwide. As the world's leading beauty company, L'Oréal is
present across all distribution networks: mass market, department
stores, pharmacies and drugstores, travel retail, branded retail
and e-commerce.
L'Oréal's excellence is based on research and
innovation, and its 3,885 researchers working to meet beauty
aspirations all over the world. L'Oréal's new sustainability
commitment for 2020 "Sharing beauty with all" sets out ambitious
sustainable development objectives across the Group's value
chain.
For 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. For more information on L'Oréal,
please refer to the public documents filed in France with the
Financial Market Authority (AMF), also available in English on our
website at www.loreal-finance.com.
Statement for countries other than France - The
offer of L'Oréal shares is strictly reserved for the beneficiaries
mentioned above and will be implemented only in countries where
such an offer has been registered with or notified to the competent
local authorities and/or following the approval of a prospectus by
the competent local authorities, or in application of an exemption
from the obligation to draw up a prospectus or register or publish
the offer.
Contacts at L'Oréal
(switchboard: +33 1 47 56 70 00)
Individual shareholders and
market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and
Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82
francoise.lauvin@loreal.com
Journalists
Mrs Stephanie CARSON-PARKER
Tel: +33 1 47 56 76 71
stephanie.carsonparker@loreal.com
For further information, consult the dedicated
website for shareholders and investors, www.loreal-finance.com,
the L'Oréal Finance mobile application, or contact the
hotline: 0 800 66 66 66 (free call).
Issuing
Company
L'Oréal, a French public limited liability company
Traded on: Euronext Paris (France)
Ordinary share ISIN code: FR0000120321
Read the news release of 15 May
2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: L'ORÉAL via Globenewswire
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