Renault Group: Renaulution Shareplan 2023: the Revolution is accelerating, employee share ownership too
September 05 2023 - 1:30AM
Renault Group: Renaulution Shareplan 2023: the Revolution is
accelerating, employee share ownership too
Renaulution
Shareplan 2023: the Revolution is
accelerating, employee share ownership too
- For the
second year, Renault Group is deploying
Renaulution Shareplan,
its large-scale employee share
ownership operation. With 4.7% of the capital held by employees at
the end of the 2022 Renaulution
Shareplan, the Group continues its
commitment to employee share ownership and thus confirms its
ambition to reach 10% of the capital held by employees by
2030.
- The offer
includes the free allocation of 8 shares to each of the Group’s
eligible employees, in 29 countries, and the possibility, in 23
countries, to acquire shares with a discount of 30%.
- The share
reference price for the transaction is set at €37.54, a share price
of €26.28 after discount. The
subscription period will run from September 18 to October 2, 2023
(inclusive).
Boulogne-Billancourt, 5
September 2023 – Renault Group announces the implementation of its
employee share ownership plan Renaulution Shareplan for the second
consecutive year. This offer is open in 29 countries and will
involve nearly 98,000 employees in the creation and sharing of
value.
Renault Group has increased the contributions
offered under the 2023 plan by 30% to benefit eligible employees
from the success of the implementation of the stages of the
Revolution. This significant increase will allow eligible employees
to receive up to 16 shares free of charge, compared to the 12
shares awarded free of charge in 2022.
“By continuing the implementation of one of the
most ambitious employee share ownership plans, all sectors
considered, we are strengthening the unity of the Group.
Renaulution Shareplan establishes the conditions for a better
sharing of value, so that the Revolution benefits everyone within
the company.”Luca de Meo,
CEO Renault Group
The main modalities are described below.
Issuing company Renault SA, a
company with a registered capital of €533,941,113, headquartered at
122 B avenue du Général Leclerc, 92100 Boulogne-Billancourt,
France, registered in Nanterre under number B 780
129 987.Traded on Euronext Paris (France).Ordinary share;
ISIN FR0000131906 RNO.
Purpose This plan is part of
Renault Group’s policy of deploying employee share ownership to
involve nearly 98,000 employees from 29 countries in the Group’s
ambitions.
Scope The offer reserved for
employees is made within the framework of articles L. 3332-18 and
following of the French Labour Code, as well as the group savings
plans («PEG») of Renault Group, the DIAC group and the RRG group.
In some countries, due to local legal, tax and operational
constraints, the offer is implemented outside this legal
framework.
Beneficiaries The offer is open
to employees of Renault Group and its consolidated subsidiaries
that are members of the Renault Group, DIAC or Retail Renault Group
PEG, in 29 countries, subject to local authorizations required. To
subscribe to the offer, the employee must have at least 3 months of
continuous or discontinuous seniority between 1st January 2022 and
2nd October 2023 and an employment contract (with a consolidated
company and member of the PEG) in force on 2 October 2023. The
offer is deployed in France and internationally in the following
countries: Argentina, Austria, Belgium, Brazil, Czech Republic,
China, Colombia, Croatia, Germany, Hungary, India, Ireland, Italy,
Malta, Morocco, Mexico, Netherlands, Poland, Portugal, Romania,
Spain, Slovakia, Slovenia, Sweden, Switzerland, United Kingdom and
Turkey.
Terms All eligible employees of
the Group benefit from the free and immediate allocation of 8
shares, in the form of a unilateral contribution (except in certain
countries where the delivery of the shares will occur in 5 years,
without retention obligation).
And in 23 countries, Renault Group
offers its employees an offer to buy shares on
favourable terms, with a 30%
discount on the reference price and an additional gross
contribution equivalent to 8 shares (300% top-up on the first two
shares, or 6 free shares for 2 purchased and 200% on the third
share purchased or 2 additional free shares). The employee’s
voluntary payment may not exceed 25% of his annual gross
remuneration for 2023. Renault shares will be held for at least 5
years (except in exceptional cases of early exit) through an
employee mutual fund (FCPE) or in certain countries, directly in a
registered account.
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.https://www.renaultgroup.com/en/
RENAULT
GROUP INVESTORRELATIONS |
|
Philippine de
Schonen+33 6 13 45 68
39philippine.de-schonen@renault.com |
|
|
RENAULT
GROUP PRESS RELATIONS
|
|
Rie Yamane+33 6 03
16 35 20rie.yamane@renault.com |
Christophe
Lavauzelle+33 6 09 09 25 44christophe.lavauzelle@renault.com |
|
- 20230905_Press Release_Renaulution Shareplan_EN
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