L’Oréal launches fourth Employee Share Ownership Plan

The plan is limited to 275,000 shares.

L’Oréal has launched its fourth Employee Share Ownership Plan to allow employees worldwide to buy shares and be more involved in the company's growth. 

The plan, available in 63 countries, offers easier access for new employees joining the group this year.

“We introduced the Employee Share Ownership Plan in 2018 to enable employees to join in the great collective adventure that is L’Oreal Groupe,” said Nicolas Hieronimus, chief executive officer of L’Oréal Groupe.” The response was outstanding – and since then, more than 37,000 employees have participated, demonstrating their commitment and confidence in the future growth and values of the Groupe.”

Employees can buy L’Oréal shares with an employer contribution, based on the share price. The plan includes 275,000 shares, with a subscription period from 5 June to 19 June. Settlement is scheduled for 30 July.

The share purchase price, set on 31 May, is based on the average opening price of L’Oréal shares on the Euronext Paris exchange over the preceding 20 trading days, with a 20% discount.

Shares purchased will be blocked for five years, with early release exceptions as defined by relevant regulations in France and other participating countries. 

The newly issued shares will be listed on the Euronext Paris exchange under the same code as existing shares and will be fungible upon admission to trading.

“We wish to continue to share in our success with as many employees as possible, in France and internationally, which is why our ambition moving forward is to offer the Employee Share Ownership Plan on an annual basis,” said Hieronimus.