Soitec wins two awards for its employee share ownership schemes
27 April 2021 - 5:45PM
Soitec wins two awards for its employee share ownership schemes
Soitec wins two awards for its employee
share ownership schemes
Bernin (Grenoble),
France, 27 April 2021 -
Soitec (Euronext Paris), a world leader in designing and
manufacturing innovative semiconductor materials, has received the
C&B Trophy from the French Club ORAS for its employee share
ownership programs. The trophy follows the Grand Prix awarded to
Soitec by the French Federation of Employee Share Ownership
(Fédération de l'Actionnariat Salarié, FAS) in the frame of the
16th FAS Grand Prix in February.
The C&B Trophies, created and initiated by
ORAS (Observatoire des Rémunérations & Avantages Sociaux),
reward companies and their teams for the success of their
compensation and employee share ownership schemes and are granted
following a set of selection criteria with regards to their
relevance, exemplary nature and innovative strength.
Both awards recognize the outstanding success of
Soitec's employee shareholding programs, which aim to involve
employees in the company's objectives and share the fruits of its
growth with them.
Through its various free share and performance
share plans in 2018 and 2020 and a co-investment plan in preferred
shares proposed in 2019, Soitec not only recognized the special
efforts of its employees during the turnaround period of the
company and the recent pandemic but, more importantly, engaged with
its employees on its economic objectives and its relative stock
performance throughout the fiscal years 2019 to 2023. On top, in
2020, Soitec proposed a reserved share offering with a 30% discount
and leverage; 71% of the eligible employees (and even 79% in
France) subscribed to it.
As a result of these programs, Soitec’s
employees could theoretically hold around 4% of the company’s share
capital in 2023, provided they meet the presence and performance
conditions of these plans and retain all their holdings until that
date, bearing in mind that 1.1% of the capital has already been
definitively acquired by the employees.
Paul Boudre, Soitec’s CEO, said: "Uniting our
forces around our joint ambitions for growth and profitability has
been a key driver of our success since 2015. We are therefore
particularly appreciative of these awards, which highlight the
quality of the employee shareholding schemes we have put in place
with the support of our shareholders and our Board of Directors as
well as with the strong participation of our employees."
Pascal Lobry, Executive Vice President Human
Resources at Soitec, said: "Employee share ownership is part of
Soitec's DNA. In recent years, we have offered a wide variety of
schemes, all of which have been very successful with our employees,
reinforcing their interest and mobilization to meet our challenges
in terms of growth, profitability and relative stock performance.
The ORAS Trophy and the FAS Grand Prix both confirm our
determination to continue to make value sharing a key element and
an essential driver of our performance, excellence and innovative
strength."
# # #
About Soitec
Soitec (Euronext, Tech 40 Paris) is a world
leader in designing and manufacturing innovative semiconductor
materials. The company uses its unique technologies and
semiconductor expertise to serve the electronics markets. With more
than 3,300 patents worldwide, Soitec’s strategy is based on
disruptive innovation to answer its customers’ needs for high
performance, energy efficiency and cost competitiveness. Soitec has
manufacturing facilities, R&D centers and offices in Europe,
the U.S. and Asia.
Soitec and Smart Cut are registered trademarks
of Soitec.
For more information, please
visit www.soitec.com and follow
us on Twitter: @Soitec_EN
Investor
Relations:Steve Babureck +33 6 16 38 56 27 +65 9231
9735steve.babureck@soitec.com |
Media
contact:Markus Payer+33 7 85 54 90
84markus.payer-ext@soitec.com Isabelle Laurent+33 1 53 32 61
51 isabelle.laurent@oprgfinancial.fr Fabrice Baron+33 1 53 32
61 27fabrice.baron@oprgfinancial.fr |
# # #
Soitec is a French joint-stock corporation with a
Board of Directors (Société Anonyme à Conseil d’administration)
with a share capital of € 66,557,802.00, having its registered
office located at Parc Technologique des Fontaines - Chemin des
Franques - 38190 Bernin (France), and registered with the Grenoble
Trade and Companies Register under number
384 711 909.
# # #
- 20210427 Soitec ORAS Trophy_EN
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