L’Oréal launches fifth global employee share plan

The plan offers up to 300,000 shares.

L’Oréal has launched its fifth employee share ownership plan, allowing staff in 62 countries to buy company shares. The plan offers up to 300,000 shares—25,000 more than last year.

Employees can subscribe from June 11 to June 25, with settlement on 29 July. The purchase price, set on 6 June, reflects the average share price over the last 20 trading days, minus a 20% discount.

Participants can choose a ‘classic’ subscription plan, with investment value tied to the share price. A matching employer contribution will also be provided.

Shares must be held for five years, unless early release is allowed under local rules.

L’Oréal CEO Nicolas Hieronimus said over 45,000 employees are already shareholders and confirmed the company’s goal of offering the plan annually.

The new shares will be listed on Euronext Paris under the same code as existing shares (ISIN: FR0000120321).