Happi Staff09.01.20
Act like an owner. That sage advice is easier for L'Oréal employees who continue to own a bigger share of the world's biggest beauty company.
L’Oréal s launching a second employee share ownership plan, which will be introduced in 57 countries. Group employees will be able to buy 500,000 shares at a discounted rate, under the plan terms. The subscription period will run from September 17 to October 2, and settlement is scheduled for November 3.The shares will trade on the Euronext stock exchange in Paris, but will have to be held for at least five years, barring exceptions.
“This year, after the success of the first plan in 2018, we want to once again involve our employees in the prosperity of our group,” Chairman and CEO Jean-Paul Agon said in a statement.
According to Agon, this second ESOP represents a new opportunity to allow those who wish to do so support the development of the company and participate in its strategic project.
"This new plan reaffirms our ambition to unite our employees even more closely with L’Oréal’s future," observed Agon.
L’Oréal s launching a second employee share ownership plan, which will be introduced in 57 countries. Group employees will be able to buy 500,000 shares at a discounted rate, under the plan terms. The subscription period will run from September 17 to October 2, and settlement is scheduled for November 3.The shares will trade on the Euronext stock exchange in Paris, but will have to be held for at least five years, barring exceptions.
“This year, after the success of the first plan in 2018, we want to once again involve our employees in the prosperity of our group,” Chairman and CEO Jean-Paul Agon said in a statement.
According to Agon, this second ESOP represents a new opportunity to allow those who wish to do so support the development of the company and participate in its strategic project.
"This new plan reaffirms our ambition to unite our employees even more closely with L’Oréal’s future," observed Agon.