Rubis Launches Employee Shareholding Initiative for 2025
Rubis Introduces the Shareholding Plan 'Rubis Avenir 2025'
The Management Board of Rubis has announced an exciting new initiative aimed at fostering employee engagement and investment in the company. This initiative, known as the 'Rubis Avenir 2025', consists of an employee shareholding plan designed specifically for eligible employees based in France. This plan is facilitated through the sale of treasury shares, which are part of the company's strategic efforts to strengthen the relationship between employees and the organization.
Key Details of the Plan
At a meeting held earlier this year, the Management Board decided that the shares offered within this plan will be existing treasury shares that were previously repurchased in accordance with relevant regulations. With a maximum limit set at 400,000 shares, the acquisition price has been established at €17.15. This price reflects 75% of the average market price over the 20 trading days prior to the board's decision, ensuring that the employees get a favorable opportunity to invest.
Subscription Period and Terms
The subscription period for this offering is from March 17 to April 4, 2025. Employees interested in participating will have the chance to invest their funds through the “Rubis Avenir” mutual fund. This mutual fund, which has been a cornerstone of employee shareholding since its inception in 2002, allows employees to invest in Rubis’ capital and thus, cultivate a stronger bond with the organization.
Long-term Investment Perspective
It's important to highlight that the funds invested through this mutual fund will remain locked for a period of five years. However, early release options are available under specific conditions outlined in the French Labor Code. This structure is designed to encourage long-term commitment and investment in Rubis, further aligning the interests of the employees and the company.
Background of Employee Shareholding at Rubis
Since the establishment of the “Rubis Avenir” mutual fund, the company has committed to offering employee shareholding plans annually. By fostering this initiative, Rubis not only enhances employee investment opportunities but also promotes a culture of ownership among its workforce. As of the end of last year, approximately 2.17% of Rubis’ share capital was held by employees through the mutual fund, marking a significant milestone in employee engagement in the company’s performance.
Contact Information
For further inquiries regarding the 'Rubis Avenir 2025' employee shareholding plan, employees can reach out to the RUBIS legal department at +(33) 1 44 17 95 95. The team is ready to assist with any questions or concerns regarding the new plan and how employees can participate effectively.
Frequently Asked Questions
What is the purpose of the 'Rubis Avenir 2025' plan?
The plan aims to strengthen the connection between Rubis and its employees by allowing them to invest in the company through an employee shareholding scheme.
Who is eligible to participate in the plan?
Only employees working for the Group companies based in France and participating in the Rubis Avenir Company Savings Plan are eligible.
What is the acquisition price for the shares under the plan?
The acquisition price is set at €17.15, which is 75% of the average share price calculated over the previous 20 trading days.
How long is the investment lock-up period?
The funds invested will be locked for five years, ensuring a long-term commitment from the employees towards the company's growth.
How can employees get more information about the plan?
Employees can contact the RUBIS legal department for any detailed inquiries or clarifications about the plan's terms and conditions.
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