L’Oréal launches sixth employee share ownership plan
Cosmetics giant L’Oréal has launched its sixth employee share ownership plan, allowing staff to buy shares in the company. The plan will be available in 63 countries.
L'Oréal has initiated its sixth employee share ownership plan, enabling employees to acquire shares in the company and participate in its development. The plan will be implemented in 63 countries where feasible, mirroring the scale of last year's offering.
The program makes a maximum of 300,000 shares available, including employer contributions. Eligible employees can subscribe to shares through a classic formula and will benefit from a matching contribution, subject to plan terms. The subscription period is from June 10 to June 24, 2026, with settlement scheduled for July 30.
The share purchase price was set on June 5, 2026, at a 20% discount from the average opening price of L'Oréal shares on the Euronext Paris exchange over the twenty trading days preceding the decision. Shares purchased and employee shareholding fund units will be subject to a five-year lock-up period, with exceptions for early release as per French regulations.
CEO Nicolas Hieronimus stated the plan aligns with the company's commitment to associate employees with its success and share created value. He noted the plan's consistent success since its 2018 inception and its intention for annual renewal.