L'Oréal: News Release: "L’Oréal announces the launch of a third Employee Share Ownership Plan"
17 Maio 2022 - 01:00PM
L'Oréal: News Release: "L’Oréal announces the launch of a third
Employee Share Ownership Plan"
NEWS RELEASE
L’ORÉAL ANNOUNCES THE LAUNCH OF A THIRD
EMPLOYEE SHARE OWNERSHIP PLAN
Clichy, 17 May
2022 – L’Oréal is announcing the launch of its
third Employee Share Ownership Plan.
The plan will be rolled out in 63 countries and
will give L’Oréal employees, in France and internationally, the
possibility to be even more closely linked to the Group’s
development.
For this third plan, Nicolas Hieronimus,
CEO of L’Oréal, has announced: “After the success of the
first two operations in 2018 and 2020, which enabled some 30,000
employees to demonstrate their commitment and confidence in the
future growth and values of our Group, we are again pleased to
offer them this year another opportunity to strengthen their link
with L’Oréal’s future financial and extra-financial success. This
third Employee Share Ownership Plan is a new opportunity to allow
those who wish to do so to join a great collective adventure and
participate in a common project, our sense of purpose: Create the
beauty that moves the world.”
The share purchase price will be set on 3 June
2022. 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 8 June to
22 June 2022, and settlement (payment-delivery) is planned for 26
July 2022.
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’OréalFor over 110
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 inclusive,
ethical, generous and committed to social and environmental
sustainability. With our broad portfolio of 35 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 85,400 committed employees, a balanced geographical footprint
and sales across all distribution networks (e-commerce, mass
market, department stores, pharmacies, hair salons, branded and
travel retail), in 2021 the Group generated sales amounting to
32.28 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 3,000 tech professionals, 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’ORÉAL Switchboard +33 (0)1 47 56 70 00 |
Individual shareholders and market regulators
Christian MUNICH +33 (0)1 47 56 72 06
Christian.munich2@loreal.com |
Financial analysts
and institutional
investors Françoise LAUVIN +33 (0)1 47 56 86 82
Francoise.lauvin@loreal.com |
Media Noëlle CAMILLERI +33 (0)6 79 92 99 39
Noelle.camilleri@loreal.com Christine BURKE +33 (0)6 75 54
38 15 Christine.burke@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
- PR_L’ORÉAL ANNOUNCES THE LAUNCH OF A THIRD EMPLOYEE SHARE
OWNERSHIP PLAN
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