Renault Group has unveiled the renewal of its employee share ownership program, reaffirming its dedication to fair value sharing and employee involvement. The plan, now in its fourth year, provides nearly 100,000 employees in 30 countries with the ability to be shareholders on highly attractive terms, further linking their interests to the company's long-term strategy and success.
Renault Group is widening its employee share ownership plan as it continues its Renaulution strategy. The action not only rewards the employees but also enhances their position as an integral contributor to the growth and performance of the company. The action aims to develop a more participative business culture and promote employees' engagement in Renault's future.
Key Points
1. Broad Accessibility and Participation
Almost 100,000 eligible workers in 30 countries will be granted three free Renault S.A. shares per worker, with no investment involved.
The scheme is available to staff in a large geographic territory, with a focus on inclusiveness and widespread participation.
2. Competitive Financial Terms
Between May 12 and May 30, 2025, Renault employees in 24 countries can buy Renault shares at a preferential rate of €31.34, which is 30% cheaper than the reference price of €44.76.
For the initial share bought, Renault will provide three free bonus shares, totaling seven shares for a €31.34 investment-a gross benefit of €281.98 from the reference price.
3. Extra Company Contribution
The employer contribution further amplifies the value proposition: six shares from Renault (three free, three bonus) for every first share purchased, maximizing benefit for minimal investment.
4. Investment Limit and Conformity
Workers' investment in the program has a maximum limit of 25% of their projected gross 2025 salary to make their participation accountable and conforming.
5. Impact on Strategy and Culture
Through December 31, 2024, Renault workers already owned 5.63% of the group's share capital, which accentuated the increased stake of worker-shareholders.
The program aligns with Renault's vision to develop an inclusive, participative company model that acknowledges staff as key drivers of long-term success.
Conclusion
Renault Group's new share ownership initiative reflects a strong belief in employee empowerment and sharing of value, providing high levels of financial incentives and underpinning a culture of shared achievement.
Sources: Automotive World Renault Group Media GlobeNewswire