Groupe SEB Launches a New Employee Share Ownership Plan
19 9월 2024 - 1:00AM
Business Wire
Regulatory News:
Groupe SEB (Paris:SK) announces the launch of a new employee
share ownership plan, enabling employees to purchase existing
shares on preferential terms. This initiative aims to involve
employees more closely in the Group’s development. The transaction
will cover 37 countries, involving nearly 20,000 employees.
The plan, entitled “Horizon 2024,” will consist of a single
formula known as “classic” to purchase SEB S.A. shares, through a
Fonds Commun de Placement d’Entreprise (FCPE – Company mutual fund)
or via a direct holding, in compliance with the regulatory and
fiscal restrictions established in the countries where the offer
will be implemented. Eligible employees will benefit from an
employer contribution, based on the terms and conditions outlined
in the documentation.
On September 18, 2024, acting upon a delegation of the Board of
Directors, the Chief Executive Officer set the subscription price
of one SEB share at €73.71 in connection with this transaction.
This price corresponds to the average opening price of the SEB
share on Euronext Paris over the twenty (20) trading days preceding
this decision, minus a 20% discount.
Important information:
- The subscription period will take place between September 23
and October 7, 2024, included.
- Under this transaction, the maximum number of shares that can
be purchased totals 553,377.
- Settlement and delivery of the offer is scheduled for November
7, 2024.
The shares subscribed directly, as well as the units from the
FCPE, will be subject to a five-year (5-year) lock-up period except
in the case of early exit events, as stipulated by applicable laws
and regulations in the various countries where the offer is
implemented.
The shares purchased as part of the transaction are ordinary SEB
shares and will be fully assimilated to existing SEB shares
admitted to trading on Euronext Paris (ISIN code:
FR0000121709).
This press release does not constitute an offer to sell, nor a
solicitation to subscribe for SEB shares. The offer of SEB shares
reserved for employees will be made only in countries where such an
offer has been registered or notified to the competent local
authorities and/or following the approval of a prospectus by the
competent local authorities, or in consideration of an exemption
from the obligation to prepare a prospectus or to register or
notify the offer.
Next key events – 2024
October 24 | after market
closes
9-month 2024 sales and financial
data
December 12 |
ESG Investor Day
Find us on www.groupeseb.com
World reference in small domestic equipment and professional
coffee machines, Groupe SEB operates with a unique portfolio of 40
top brands (including Tefal, Seb, Rowenta, Moulinex, Krups,
Lagostina, All-Clad, WMF, Emsa, Supor), marketed through
multi-format retailing. Selling more than 400 million products a
year, it deploys a long-term strategy focused on innovation,
international development, competitiveness and client service.
Present in over 150 countries, Groupe SEB generated sales of €8
billion in 2023 and has more than 31,000 employees worldwide.
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Investor/Analyst Relations
Groupe SEB Financial Communication and IR
Dept
Raphaël Hoffstetter Guillaume Baron
comfin@groupeseb.com
Tel. +33 (0) 4 72 18 16 04
Media Relations
Groupe SEB Corporate Communication Dept
Cathy Pianon Marie Leroy
presse@groupeseb.com
Tel. + 33 (0) 6 33 13 02 00 Tel. +33 (0) 6 76 98 87
53
Image Sept Caroline Simon Claire Doligez
Isabelle Dunoyer de Segonzac
caroline.simon@image7.fr cdoligez@image7.fr
isegonzac@image7.fr
Tel. +33 (0) 1 53 70 74 70
SEB (EU:SK)
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