Renault Group's employee share ownership plan 2024: strong growth momentum
24 Oktober 2024 - 5:45PM
UK Regulatory
Renault Group's employee share ownership plan 2024: strong growth
momentum
PRESS RELEASE
October 24, 2024 |
RENAULT GROUP'S EMPLOYEE SHARE
OWNERSHIP PLAN 2024: STRONG
GROWTH MOMENTUM
-
The Renaulution
Shareplan has once again sparked a strong
interest among Renault Group employees, reaffirming their
commitment to the company's strategic transformation.
- For the
third edition, the participation rate saw a significant increase,
reaching 43% compared to 36% in 2023.
- Over
93,000 employees will benefit from 7 free shares. Among them,
nearly 46,000 have also subscribed to shares at a preferential
price of €29.26, after a 30% discount.
- In
total, the 2024 Renaulution
Shareplan initiative will transfer
nearly 1.88 million
additional shares to the Group's employees, representing 0.64% of
Renault SA's capital. After the operation, employees will hold
around 5.74% of Renault SA's capital.
Boulogne-Billancourt, October 24,
2024 – The third employee share ownership
campaign, named Renaulution Shareplan, which was held from
September 18 to October 2, 2024, was a success, reflecting the
employees' commitment and confidence in the company’s strategic
direction. In addition to the allocation of 7 free shares to
eligible employees in 30 countries1, employees in 24
countries were also given the opportunity to acquire shares on
advantageous terms.
"The tradition of Renault as a social
laboratory is a great strength, provided we constantly update it.
This is what we are doing with our employee share ownership plan,
one of the most modern across all sectors. We are placing our
employees at the heart of the company’s profound transformation.
This year, we reaffirm our commitment to value sharing, benefiting
all those who help create it, with this third edition. By the end
of it, employees will hold 5.74% of Renault SA’s capital. This
success is another sign of their confidence in the company's
strategy," said Luca de Meo, CEO of Renault
Group.
A strong signal of confidence in the Group’s
strategy
The contributions under the 2024
Renaulution Shareplan (a maximum of 14 free
shares)2 represent approximately 817,600 shares, or
0.28% of Renault SA’s capital, which will be allocated free to the
Group's employees.
Furthermore, nearly 46,000 employees,
representing 43% of eligible employees, participated in the
subscription offer proposed as part of the 2024 Renaulution
Shareplan. The total investment by employees amounts to over
€31,100,000, with an average subscription amount per employee of
€679. This represents more than 1,063,000 subscribed shares, or
0.36% of the capital of Renault SA.
In total, the 2024 Renaulution
Shareplan operation will allow for the transfer of
approximately 1,881,000 shares to the company's employees,
representing 0.64% of the Renault SA’s capital, held through an
Employee Mutual Fund (FCPE) or, in some countries, directly in a
registered account.
As a result of the share allocation from this
operation, employees will thus hold about 5.74% of Renault SA's
capital, bringing the Group closer to its ambition of achieving 10%
employee shareholding.
RENAULT GROUP
INVESTOR RELATIONS |
Philippine DE SCHONEN
philippine.de-schonen@renault.com
+33 (0)6 13 45 68 39
|
RENAULT
GROUP PRESS CONTACT
|
Valérie GILLOT
+33 6 83 92 92 96
valerie.gillot@renault.com
|
Florentina DECA
+33 6 32 13 69 15
florentina.deca@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 2.235 million vehicles in 2023. It employs more than
105,000 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 Argentina, Austria, Belgium,
Brazil, China, Colombia, Croatia, Czech Republic, France, Germany,
Hungary, India, Ireland, Italy, Malta, Mexico, Morocco,
Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, South
Korea, Spain, Sweden, Switzerland, Turkey, Ukraine and the United
Kingdom
2 Unilateral matching contribution equivalent to 7
shares and an additional matching contribution capped at the
equivalent of 7 shares in case of subscription to the 2024
Renaulution Shareplan offer.
- 20241024_ EN_Renault Group_Press Release Closing Renaulution
Shareplan 2024
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