L’Oréal Group launches new global employee share purchase plan
L’Oréal Group is launching a new employee share purchase plan in 57 of the countries in which it operates.
The latest offering comes on the heels of the global beauty company’s first worldwide employee share plan two years ago.
“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,” said Jean-Paul Agon, chairman and chief executive officer of L’Oréal, in a press release.
Read: Back to basics on employee share purchase plans
“This second employee share ownership plan is a new opportunity to allow those who wish to do so to 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.”
The plan is limited to 500,000 shares, including employer contribution. Employees will be able to purchase L’Oréal shares in a subscription formula, where the value of their investment will vary with changes in the company’s share price.