EssilorLuxottica: Capital Increase Reserved for Employees of French companies participants in the employee stock ownership pl...
December 03 2019 - 12:30PM
EssilorLuxottica: Capital Increase Reserved for Employees of French
companies participants in the employee stock ownership plans
Capital Increase Reserved for Employees
of French companies participants in the employee stock ownership
plans
Charenton-le-Pont, France (December 3,
2019 – 6:30pm) – The purpose of this offer is to further
engage EssilorLuxottica’s employees in the development of its
business by allowing them to become shareholders of the Group.
At the Extraordinary General Meeting on May 16,
2019, shareholders of EssilorLuxottica authorized the Board of
Directors, within a 26-month period, to issue shares reserved for
employees participating in an employee stock ownership plan, with
new shares representing up to 0.5% of the total capital stock
(Resolution 15).
The Board of Directors decided the principle to
issue up to 350,000 common shares reserved for participants in the
EssilorLuxottica Group’s employee stock ownership plans and
delegated to the Executive Chairman and to the Executive
Vice-Chairman the powers to implement the transaction. The
subscription price has been set up at Euro 109.63 per share, this
being the average of the opening prices over the 20 trading days
preceding November 26, 2019, to which a 20% discount has been
applied.
The shares can be subscribed through the FCPE
(Fonds Commun de Placement d’Entreprise) “GR ESSILOR RELAIS 2019”.
This FCPE has been valued since February 28, 2019, the start date
of the subscription period for the employees of the Company’s
eligible French companies. The closing date of the subscription
period is scheduled for December 13, 2019. The voting rights
pertaining to such shares will be exercised (i) by the supervisory
board of the FCPE on behalf of the employee shareholders holding
FCPE units locked up for a period of five years or (ii) by the
employee shareholders individually holding FCPE units locked up for
seven years, except in case of early exit events.
The new shares will carry dividend rights from
January 1, 2019. The actual number of shares issued will be
announced on December 20, 2019, after which EssilorLuxottica will
apply for the new shares to be listed on Euronext Paris.
EssilorLuxottica is a global leader in the
design, manufacture and distribution of ophthalmic lenses, frames
and sunglasses. Formed in 2018, its mission is to help people
around the world to see more, be more and live life to its fullest
by addressing their evolving vision needs and personal style
aspirations. The Company brings together the complementary
expertise of two industry pioneers, one in advanced lens technology
and the other in the craftsmanship of iconic eyewear, to set new
industry standards for vision care and the consumer experience
around it. Influential eyewear brands including Ray-Ban and Oakley,
lens technology brands including Varilux® and Transitions®, and
world-class retail brands including Sunglass Hut and LensCrafters
are part of the EssilorLuxottica family.In 2018, EssilorLuxottica
had nearly 150,000 employees and pro forma consolidated revenues of
Euro 16.2 billion. The EssilorLuxottica share trades on the
Euronext Paris market and is included in the Euro Stoxx 50 and CAC
40 indices. Codes and symbols: ISIN: FR0000121667; Reuters:
ESLX.PA; Bloomberg: EL:FP.
CONTACTS
EssilorLuxottica Investor
Relations(Charenton-le-Pont) Tel: + 33 1 49 77 42
16(Milan) Tel: + 39 (02) 8633 4870E-mail:
ir@essilorluxottica.com |
EssilorLuxottica Corporate
Communications(Charenton-le-Pont) Tel: + 33 1 49 77 45
02(Milan) Tel: + 39 (02) 8633 4470E-mail:
media@essilorluxottica.com |
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