PRESS
RELEASE
Groupe Renault
launches the 2018 employee shareholding plan "Share the
Future"
Boulogne-Billancourt, 18/06/2018 - Groupe Renault announces
today the implementation of "Share the Future", an employee
shareholding plan in connection with the sale, in November 2017, of
Renault shares held by the French State.
The Board of Directors of Renault
S.A. decided on February 15, 2018 the principle of an employee
shareholding operation by way of a transfer of up to 1,400,000
existing Renault shares handed over by the State to Renault S.A. in
accordance with the decree of November 2, 2017, representing 10% of
the shares handed over by the State to the private sector under the
same decree. The terms of the offering were decided by the Board of
Directors on June 15, 2018.
This plan is reserved for
employees who have, on the last day of the subscription period, at
least three months of seniority in the workforce of the company, in
one of its French subsidiaries or in some of its foreign
subsidiaries, directly or indirectly majority owned, by pensioners
as well as former employees who had an employment contract or
remunerated activity for a period of at least five years with the
company or its French subsidiaries, who are members of a company
savings plan. The plan will take place in 10 countries.
The offer will include, in the
context of a group savings plan, a so-called "classic" formula and,
subject to local regulations, a so-called "leveraged" formula with
a guaranteed personal contribution in euros. It will be carried
out, subject to local regulations and / or taxation, through two
French employee mutual funds (Fonds communs de
placement d'entreprise, or FCPE), or directly. Subject to the
amendment of the rules of the group savings plans under which the
operation will be made, an employer matching contribution will be
offered for both proposed formulas.
The shares offered are ordinary
shares, listed on Euronext Paris (Compartment A), with current
dividend rights. Being acquired as part of a group savings plan,
they will be subject to a mandatory holding period of 5 years,
ending May 31, 2023, subject to the cases of early release provided
for by the regulations. Voting rights will be exercised directly by
shareholders or unitholders.
The sale price of the shares
should be fixed on September 7, 2018 by the Chief Executive Officer
of Renault S.A. upon delegation by the Board of Directors. It will
include a discount of 20% compared to the reference price
determined on the basis of the average of the last twenty opening
prices on the Euronext Paris market preceding the day of this
decision.
Subject to the decision of
September 7, 2018, the subscription period shall run from September
18 to October 2, 2018. The shares would be delivered by November 7,
2018 at the latest.
For any questions relating to this
offer, the beneficiaries may consult the information brochure and
other documents made available to them and / or contact their Human
Resources manager. Eligible former employees must contact their
custodian account holder for the terms and conditions of the
subscription to the offer.
Hedging
operations
The implementation of the
leveraged offer is likely to generate from the financial
institution counterparty to the swap agreement (Crédit Agricole
CIB) - and possibly other financial institutions counterparties of
Crédit Agricole CIB - hedging transactions (in particular purchases
and sales of shares, share borrowing/lending and entering into
purchase options), in particular before the implementation of the
plan (as from the publication of this press release and during the
reference price fixing period) and throughout the duration of the
plan.
Other
information
This press release is made in
accordance with the exemption from publication of a prospectus of
Article 4(1)(e) of the European Directive 2003/71/EC as amended. It
constitutes the document required to meet the conditions of
exemption from publication of a prospectus as defined by the
European Directive 2003/71/CE as amended, transposed into the
internal law of each member state of the European Union, and with
regard to French law, Articles 212-4 (5°) of the General
Regulations of the French Financial Markets Authority ("AMF") and
Article 19 of Instruction No. 2016-04 of October 21, 2016, as
amended on January 15, 2018. It also constitutes the press release
required by article 221-3 of the AMF General Regulations.
Specific mention
for the international offer
This press release does not
constitute an offer to sell or a solicitation to buy Renault
shares. The Renault S.A. share offering reserved for employees will
be made only in those countries where such an offer has been
registered or notified to the relevant local authorities and / or
following the approval of a prospectus by the competent local
authorities, or in consideration of an exemption from drawing up a
prospectus or from registering or notifying the offer, where such a
procedure is required.
More generally, the offer will
only be made in countries where all the registration procedures and
/ or required notifications have been made, the authorizations
obtained, and the procedures for consultation or information of the
staff representatives carried out.
This press release is not intended
and should not be copied or sent to countries in which such a
prospectus has not been approved or such an exemption would not be
available or in which all procedures for registration,
notification, consultation and / or information required have not
yet been made or the authorizations have not been obtained. This
concerns in particular Morocco, where formalities are still pending
with the authorities, but could also concern other countries.
About Groupe
Renault
Groupe Renault has been making cars since 1898. Today it is an
international multi-brand group, selling close to 3.76 million
vehicles in 134 countries in 2017, with 36 manufacturing sites,
12,700 points of sales and employing more than 180,000 people. To
meet the major technological challenges of the future and continue
its strategy of profitable growth, the Group is harnessing its
international growth and the complementary fit of its five brands,
Renault, Dacia and Renault Samsung Motors, Alpine and LADA,
together with electric vehicles and the unique Alliance with Nissan
and Mitsubishi. With a new team in Formula 1 and a commitment to
Formula E, Renault sees motorsport as a vector of innovation and
brand awareness.
Contact
For any question relating to this
plan, eligible former employees and retirees should contact their
custodian account holder. Employees will be informed of the terms
and conditions of the subscription to the offer by means of
internal communication.
For more
information, please contact:
Delphine
Dumonceau
Corporate Press Relations
+33 6 09 36 40 53
delphine.dumonceau-costes@renault.com
Céline
Furet
Press officer Manufacturing /
HR
celine.furet@renault.com
RENAULT: employee shareholding
plan
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announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: RENAULT via Globenewswire
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