Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies and Privacy Policy. 

X
Skip to content
Employee Benefits
  • News
  • Covid-19
  • Tax & Legal
  • Benefits
  • Events
  • Suppliers
  • Email sign up
Search Login / Register Primary Menu
Close
or Register
news Share schemes Total reward Voluntary benefits Share schemes

L’Oreal launches second employee share ownership scheme for 88,000 employees

By Julie Gilbert 1st September 2020 11:33 am 1st September 2020 11:33 am

French cosmetics organisation L’Oreal has launched its second employee share ownership scheme.

Following on from the success of its first share scheme in 2018, 88,000 global employees in 57 locations, including France and the UK, will be able to opt in to buy shares in its latest share ownership plan.

Employees are collectively able to purchase up to 500,000 shares across the organisation, based on an average share price on the Euronext Paris exchange, from the twenty trading days prior to 14 September 2020, minus an employee 20% discount. Staff will also benefit from an employer contribution, subject to the terms and conditions outlined by the organisation.

Shares purchased in registered form, as well as employee shareholding fund units, will be need to be owned for a period of five years before they are eligible for resale, subject to early release exceptions on a country-by-country basis.

Jean-Paul Agon, chairman and CEO at L’Oreal, said: “This year, after the success of the first plan in 2018, we want to once again involve our employees in the prosperity of our group. This second employee share ownership plan is a new opportunity to allow those who wish to do so to support the development of the company and participate in its strategic project. This new plan reaffirms our ambition to unite our employees even more closely with L’Oreal’s future.”

Opinion Share schemes

Thomas Clark: How share-based incentives can help retain and motivate key staff

19th August 2020 6:00 am 18th August 2020 1:35 pm
news Covid-19

Admiral awards shares worth £1,800 to 10,000 employees

13th August 2020 6:00 am 13th August 2020 12:49 pm
Case studies Share schemes

Starling Bank motivates staff using an employee share scheme

16th July 2020 6:00 am 15th July 2020 6:01 pm
Sign up for the leading independent source of news and expert analysis delivered straight to your inbox. Sign up
Latest ArticlesComments
news Pensions

Younger women face £100,000 gender pensions gap

8th March 2021 11:16 am 8th March 2021 11:16 am
news Pay strategy

Deliveroo to pay drivers bonuses of up to £10,000

8th March 2021 10:32 am 8th March 2021 10:32 am
news Share schemes

Brand Opus becomes employee owned

8th March 2021 9:56 am 8th March 2021 9:56 am
news Pay strategy

Poll: Almost half of staff wages cut or frozen as pandemic bites

8th March 2021 6:00 am 5th March 2021 12:59 pm
  • Cancel reply

    Threaded commenting powered by interconnect/it code.

Explore

  • Email sign up
  • News
  • Benefits
  • Analysis
  • Supplier network
  • Events
  • Jobs
  • Video
  • Buyer’s guide
  • Case studies
  • Opinion
  • Industry sectors
    • Building & Construction
    • Charity / Voluntary
    • Financial Services
    • Healthcare
    • Industry
    • Leisure
    • Logistics
    • Manufacturing
    • Media
    • Pharmaceuticals
    • Professional Services
    • Public Sector
    • Retail
    • Technology / telecommunications
    • Transportation
    • Utilities
  • Digital editions
  • Contact us
  • Twitter
  • LinkedIn
  • Contact us
  • Cookies
  • Privacy
  • Website Terms and Conditions

Copyright @ 2020 DVV Media HR Group Ltd

built by Bournemouth Digital

DVV Media HR Group Limited. Registered in England and Wales no. 6776955.

Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB