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topicnews · September 6, 2024

Value creation: Renault Group launches third employee share plan as part of Renaulution Page 1

Value creation: Renault Group launches third employee share plan as part of Renaulution Page 1

PRESS RELEASE
6 September 2024

VALUE SHARING: RENAULT GROUP LAUNCHES THIRD EMPLOYEE SHARE PLAN AS PART OF THE RENAULT PROGRAM

  • To further promote employee ownership and build on the nearly 5.07% of equity already owned by employees as of December 31, 2023, Renault Group is announcing a new plan. This plan marks the third consecutive year and confirms the Group’s ambition to increase the level of employee ownership to 10% by 2030.
  • Seven free shares will be distributed to eligible Group employees in 30 countries. Employees in 24 countries can purchase shares with a 30% discount and an additional matching contribution.
  • The reference share price for the plan is EUR 41.80, which corresponds to a subscription price of EUR 29.26 after deduction of the discount. The subscription period runs from September 18 to October 2, 2024 (inclusive).

Boulogne-Billancourt, September 6, 2024 – The Renault Group believes that employees should benefit directly from the company’s performance. Two years ago, it launched its first employee share ownership plan. Following the success of the Renaulution share plan In 2022 and 2023, the Renault Group is repeating this initiative in 2024 with the objective of giving nearly 98,000 employees the opportunity to become shareholders of the company on preferential terms. The plan reflects the Group’s ambition to increase employee ownership of equity to 10% by 2030 and to strengthen employee commitment to the company’s performance and ambitions.

“The new Renaulution Shareplan 2024 is, in my opinion, an extremely important initiative. Our employee share plan is one of the most advanced in all sectors. The Renault Group’s commitment to this plan over the past two years is in line with its self-image as a company that innovates in all areas, maintains its tradition as a social laboratory but is anchored in the present! And with the ambition to put 10% of equity in the hands of the people who make up our performance day after day.” Luca de Meo, CEO Renault Group

98,000 eligible employees in 30 countries will receive seven free shares

Like its predecessors, this third plan is also the Renaulution share plan is open to employees of the Renault Group and most of its subsidiaries in 30 countries, subject to the necessary local authorizations: Argentina, Austria, Belgium, Brazil, China, Colombia, Croatia, Czech Republic, France, Germany, Hungary, India, Ireland, Italy, Malta, Mexico, Morocco, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey, Ukraine and United Kingdom.

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