London, October 24, 2024, (Oilandgaspress) –––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 countries[1], employees in 24 countries were also given the opportunity to acquire shares on advantageous terms.
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.
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