GROUPE RENAULT LAUNCHES A SHAREHOLDING PLAN FOR ALL ITS EMPLOYEES


Renault group launches Renaulution Shareplan, a vast employee shareholding plan. It aims to triple the number of its employees who have Renault shares, to 10% of its total shareholding, by 2030.

It offers 6 free shares to each eligible Group employee (more than 110,000 in 29 countries) and offers the possibility of buying shares at a 30% discount in 21 countries.

The reference price of the share in the context of the operation is set at €31.46corresponding to a share price of 22.02 EUR after discount. The subscription period will be from November 24 to December 12, 2022 (included).

This employee shareholding plan will strengthen the commitment of the Group’s employees around the new strategic orientation.

Boulogne-Billancourt, November 16, 2022Renault group announces the deployment of Renaulution Shareplan to more than 110,000 employees in 29 countries, in order to share with them the fruits of the Group’s expansion and performance.

“This employee shareholding plan is part of the ‘Renaulution’ and the strategic orientations that we presented during the Capital Market Day on November 8. We are committed to sharing the benefits of the company’s performance with all our employees, including them in our growing equity and involving them in the construction of the Renault group coming. The goal is for them to hold 10% of our capital by 2030. By revolutionizing and projecting into the future, Renault group it means not forgetting its origins: on the contrary, it means prolonging the tradition of a social laboratory which has made it a unique company, but bringing this tradition up to date. Luca de MeoCEO Renault group

The main terms of the plan follow.

Issuing company

Renault S.A.company with share capital of €533,941,113whose head office is located at 122 B avenue du Général Leclerc, 92100 Boulogne-Billancourt, Francechecked in Nanterre under number B 780 129 987.

Listed on Euronext Paris (France).

Ordinary share; ISIN FR0000131906 RNO.

Objective

This diet is part of of the Renault group employee shareholding development policy, with a view to uniting more than 110,000 employees in 29 countries around the Group’s vision.

Scope

This plan for employees is governed by Articles L. 3332-18 and following of the Labor Code, and is implemented within the framework of the Renault group, DIAC and Renault Retail Group savings plans. However, in some countries, due to local legal, tax and operational constraints, this legal framework will not apply to the share offering.

Beneficiaries

This plan is open to employees of Renault group and its subsidiaries included in of the Renault group, DIAC and Renault Retail group savings plans in 29 countries. To be eligible, employees must have completed at least 3 months of continuous or discontinuous service between January 1, 2021 and December 12, 2022and their employment contract must be in force on December 12, 2022.

The map is available in Argentina, Austria, Belgium, Brazil, Chile, China, Colombiathe Czech Republic, France, Germany, Hungary, India, Ireland, Italy, Malta, Mexico, Morocco, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Swiss, Turkey and the UK.

Terms

All eligible employees of the Group immediately receive 6 free shares, by unilateral contribution of the company (except in certain countries where the shares will be delivered after a period of 5 years and where no holding condition applies).

And, in 21 countries, Renault group will offer its employees advantageous share purchase conditions: 30% discount on the reference price plus 300% bonus for the first 2 shares (6 free shares for the first 2 purchased). Voluntary payments by employees, which will be made according to the requirements applicable in each country, may not exceed 25% of their gross annual compensation.

The Renault the shares will be held for at least 5 years (except in exceptional cases) in a company mutual fund or, in certain countries, in a registered account of the shareholder.

END

About RENAULT

Renaulthistorical mobility brand and pioneer of electric vehicles in Europe, has always developed innovative vehicles. With the “Renaulution” strategic plan, Renault has embarked on an ambitious and value-creating transformation towards a more competitive, balanced and electrified offer. Its ambition is to embody modernity and innovation in technology, energy and mobility services in the automotive industry and beyond.

For more information, visit www.press.renault.co.uk or @RenaultUKPR or contact:

Rachel Goodwin

Responsible for press and public relations, UKand Ireland

[email protected] – 07938 482205

Dan Zealander

Press Relations Manager

[email protected] 07814 991644

Fraser Leggett

Press Attaché (Press fleet)

[email protected] 07887 468977

Previous What roles will Gen Z play in Gov Tech – and when?
Next Potsdam Teamsters union gets pension bailout from US bailout | St. Lawrence County