Renault Group: Renault Group's shareholding plan is a success for the second year in a row
November 07 2023 - 12:30AM
Renault Group: Renault Group's shareholding plan is a success for
the second year in a row
PRESS RELEASE07 November 2023 |
20231107_Renault Group_Press
Release_Renaulution Shareplan 2
RENAULT GROUP'S SHAREHOLDING
PLAN IS A SUCCESS FOR THE SECOND YEAR IN A
ROW
- For the
second year, Renaulution Shareplan 2023 has generated strong
interest among eligible employees. The plan ran from September 18
to October 2, 2023.
- More
than 95,000 employees1 will
benefit from 8 free shares from 22 November 2023. Among them,
nearly 38,000 have also subscribed to shares at a preferential
price of €26.28, after a 30% discount.
- In
total, with nearly 2.1 million additional shares held by employees,
the Renaulution
Shareplan operation represents 0.72% of
Renault's capital.
-
Employees will hold around 5.25% of the capital after the
operation, a new step in the ambition to reach 10% of employee
shareholders by 2030.
- The
success of this employee shareholding plan attests to the
commitment of the Group's employees and their confidence in its
strategic direction.
Boulogne-Billancourt, 7 November
2023 – Renault Group announces the
success of the second campaign of its Renaulution Shareplan, which
was held from September 18 to October 2, 2023, for the Group's
employees. This plan included the attribution of 8 free shares to
all eligible employees in 30 countries2. In 23 countries, eligible
employees also had the opportunity to acquire shares on
advantageous terms.
« The promotion of employee share ownership is
fully in line with Renault Group's transformation into a
next-generation automotive company. With Renaulution Shareplan #2,
we are taking the next step. At the end of this operation, the
Group's employees will hold approximately 5.25% of the company's
share capital. This success testifies to the employees'
confidence in the strategic orientations taken over the past 3
years. We will continue to pursue our goal of reaching 10% employee
shareholders by 2030. Our plan is one of the most ambitious among
all industries. » said Luca de Meo, CEO Renault
Group.
The contributions offered by Renault Group in
the context of the operation3 represent a total of approximately
861,500 shares, or 0.29% of the capital of Renault SA, which will
be distributed free of charge to the Group’s employees.
In addition, more than 37,800 employees,
representing 36% of eligible employees, participated in the
subscription offer proposed as part of the Renaulution Shareplan
2023. The total investment of employees amounts to more than
33,379,000 euros, for an average subscription amount per employee
of 881 euros. This represents more than 1,270,100 shares
subscribed, or 0.43% of the capital of Renault SA.
In total, the Renaulution Shareplan 2023
operation will allow the transfer to the Group’s employees of
approximately 2,131,700 shares, or 0.72% of the capital of Renault
SA, held through an Employee Mutual Fund (FCPE) or, in certain
countries, directly to a registered account.
On the date of delivery of the shares resulting
from the transaction (scheduled for 22 November 2023), employees
will thus hold about 5.25% of the capital of Renault SA4.
RENAULT
GROUPINVESTISSOR
CONTACT |
Philippine de Schonen+33 (0)6 13 45 68
39philippine.de-schonen@renault.com
|
|
RENAULT
GROUPPRESS
CONTACT |
Juliette
Faucon+33 (0)7 89 27 09
92juliette.faucon@renault.com |
|
About Renault Group Renault
Group is at the forefront of a mobility that is reinventing itself.
Strengthened by its alliance with Nissan and Mitsubishi Motors, and
its unique expertise in electrification, Renault Group comprises 4
complementary brands - Renault, Dacia, Alpine and Mobilize -
offering sustainable and innovative mobility solutions to its
customers. Established in more than 130 countries, the Group has
sold 2.1 million vehicles in 2022. It employs nearly 106,000 people
who embody its Purpose every day, so that mobility brings people
closer.
Ready to pursue challenges both on the road and
in competition, Renault Group is committed to an ambitious
transformation that will generate value. This is centred on the
development of new technologies and services, and a new range of
even more competitive, balanced, and electrified vehicles. In line
with environmental challenges, the Group’s ambition is to achieve
carbon neutrality in Europe by 2040.
More information :
https://www.renaultgroup.com/en/
1 To these 95,000 employees are added nearly
10,000 former Renault Group employees in France, who can
participate in the subscription offer. However, pensioners do not
benefit from the contributions offered by the Group.2 Argentina,
Austria, Belgium, Brazil, China, Colombia, South Korea, Croatia,
France, Germany, Hungary, India, Ireland, Italy, Malta, Morocco,
Mexico, Netherlands, Poland, Portugal, Czech Republic, Romania,
United Kingdom, Slovakia, Slovenia, Sweden, Switzerland, Turkey and
Ukraine.3 Unilateral contribution equivalent to 8 shares and
additional contribution capped at the equivalent of 8 shares in
case of subscription to the Renaulution Shareplan 2023 offer.4
Subject to fluctuations in employee ownership between September 30
and November 22, 2023.
- 20231107_Renault Group_Press Release_Renaulution Shareplan
2
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