Renault Group Empowers Employees with New Share Ownership Plan

Renault Group's New Initiative for Employee Share Ownership

Renault Group has recently announced the launch of its third employee share ownership plan as part of its commitment to reshaping the corporate landscape through equitable participation. This plan serves as a wonderful opportunity for employees to increase their stakes in the company and hence benefit directly from its ongoing success.

Boosting Employee Equity Participation

The new share ownership plan aims to build upon the existing employee equity, which was nearly 5.07% of the total as of December 2023. The company's objective is to escalate that figure to 10% by the year 2030. This initiative underlines the Group's ambition to foster a culture of ownership among its employees across various international markets.

Significant Benefits for Employees

Under the new plan, eligible employees across 30 countries will have the chance to receive seven free shares. Additionally, employees in 24 of these countries are afforded the opportunity to acquire shares at a remarkable 30% discount, supplemented with a matching contribution. The reference share price has been set at 41.80 euros, resulting in a subscription price of 29.26 euros after the discounted rate for plan participants.

Subscription Period and Details

The subscription for shares will commence on September 18 and conclude on October 2, 2024. This initiative aims to bring approximately 98,000 employees closer to the ownership atmosphere that Renault Group aims to promote.

CEO’s Vision for Employee Participation

Luca de Meo, the CEO of Renault Group, stated, "The new 2024 Renaulution Shareplan is an extremely important initiative in my eyes. Our employee share ownership plan is one of the most advanced in the industry. Renault Group's dedication to this initiative reflects our perspective as a progressive company that prioritizes social responsibility. By enabling employees to hold 10% of our equity, we can further the shared commitment to our goals and performance."

Company Overview and Future Goals

Renault Group is recognized for its innovative approaches in the automotive industry, with its alliance with Nissan and Mitsubishi Motors fortifying its capacities in electrification. The Group comprises a portfolio of four brands — Renault, Dacia, Alpine, and Mobilize — that are dedicated to delivering sustainable and innovative mobility solutions. With a sales record of over 2.2 million vehicles in 2023, Renault Group seeks to continually evolve in meeting environmental challenges, aspiring for carbon neutrality in Europe by 2040.

Frequently Asked Questions

What is the purpose of the new employee share ownership plan at Renault Group?

The plan aims to enhance employee equity ownership from 5.07% to 10% by 2030, allowing employees to benefit directly from the company’s success.

How many shares can employees receive under this plan?

Eligible employees will receive seven free shares and can purchase additional shares at a 30% discount, supported by a further matching contribution.

What are the environmental goals of Renault Group?

Renault Group is committed to achieving carbon neutrality in Europe by 2040 as part of its extensive transformation and environmental strategy.

How many employees are eligible for the new plan?

Approximately 98,000 employees in 30 countries will be eligible to partake in the new share ownership initiative.

Who can I contact for more information about the plan?

Philippine de Schonen can be reached at +33 6 13 45 68 39 or via email at philippine.de-schonen@renault.com for inquiries regarding the plan.

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