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PRESS RELEASE |
RENAULT GROUP'S EMPLOYEE SHARE OWNERSHIP PLAN 2024: STRONG GROWTH MOMENTUM
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The Renaulution Shareplan has once again sparked a strong interest among Renault Group employees, reaffirming their commitment to the company's strategic transformation.
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For the third edition, the participation rate saw a significant increase, reaching 43% compared to 36% in 2023.
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Over 93,000 employees will benefit from 7 free shares. Among them, nearly 46,000 have also subscribed to shares at a preferential price of €29.26, after a 30% discount.
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In total, the 2024 Renaulution Shareplan initiative will transfer nearly 1.88 million additional shares to the Group's employees, representing 0.64% of Renault SA's capital. After the operation, employees will hold around 5.74% of Renault SA's capital.
Boulogne-Billancourt, October 24, 2024 – The third employee share ownership campaign, named Renaulution Shareplan, which was held from September 18 to October 2, 2024, was a success, reflecting the employees' commitment and confidence in the company’s strategic direction. In addition to the allocation of 7 free shares to eligible employees in 30 countries1, employees in 24 countries were also given the opportunity to acquire shares on advantageous terms.
"The tradition of Renault as a social laboratory is a great strength, provided we constantly update it. This is what we are doing with our employee share ownership plan, one of the most modern across all sectors. We are placing our employees at the heart of the company’s profound transformation. This year, we reaffirm our commitment to value sharing, benefiting all those who help create it, with this third edition. By the end of it, employees will hold 5.74% of Renault SA’s capital. This success is another sign of their confidence in the company's strategy," said Luca de Meo, CEO of Renault Group.
A strong signal of confidence in the Group’s strategy
The contributions under the 2024 Renaulution Shareplan (a maximum of 14 free shares)2 represent approximately 817,600 shares, or 0.28% of Renault SA’s capital, which will be allocated free to the Group's employees.
Furthermore, nearly 46,000 employees, representing 43% of eligible employees, participated in the subscription offer proposed as part of the 2024 Renaulution Shareplan. The total investment by employees amounts to over €31,100,000, with an average subscription amount per employee of €679. This represents more than 1,063,000 subscribed shares, or 0.36% of the capital of Renault SA.