Renault Group launches a shareholding plan for all its

Renault Group launches a shareholding plan for all its workers

• Renault Group is beginning up Renaulution Shareplan, an intensive worker shareholding plan. It is aiming to triple the variety of its workers who personal Renault shares, to 10% of its complete shareholder base, by 2030.
• It is providing 6 free shares to every eligible Group worker (over 110,000 in 29 international locations) and offering a chance to purchase shares at a 30% low cost in 21 international locations.
• The reference value of the share within the context of the operation is about at €31.46, similar to a share value of €22.02 after low cost. The subscription interval will be from 24 November to 12 December 2022 (included).
• This worker shareholding plan will strengthen Group worker engagement across the new strategic path.

Boulogne-Billancourt, 16 November 2022 – Renault Group has introduced that it’s rolling out Renaulution Shareplan for over 110,000 workers in 29 international locations, to share the advantages of the Group’s growth and efficiency with them.

“This employee shareholding plan is part of the “Renaulution” and the strategic strikes we offered on the Capital Market Day this 8 November. We are eager to share the advantages of the corporate’s efficiency with all our workers, embody them in our rising shareholder fairness and contain them in constructing Renault Group’s future. The purpose is for them to carry 10% of our share capital by 2030. In making its revolution and projecting itself into the long run, Renault Group isn’t forgetting its origins: on the alternative, it’s extending the custom of social laboratory that has made it a distinctive firm however bringing this custom updated.”
Luca de Meo, CEO Renault Group

The plan’s important phrases comply with.

Issuing firm
Renault SA, a firm with a registered capital of €533,941,113, headquartered at 122 B avenue du Général Leclerc, 92100 Boulogne-Billancourt, France, registered in Nanterre beneath quantity B 780 129 987.
Traded on Euronext Paris (France).
Ordinary share; ISIN FR0000131906 RNO.

Purpose
This plan is a part of Renault Group’s coverage to increase worker shareholding, with a view to rallying over 110,000 workers in 29 international locations across the Group’s imaginative and prescient.
Scope
This plan for workers is ruled by articles L. 3332-18 and following of the French labour code, and is carried out inside Renault Group’s, DIAC’s and Renault Retail Group’s financial savings plans. However, in some international locations, on account of native authorized, tax-related and operational constraints, this authorized framework is not going to apply to the share providing.

Beneficiaries
This plan is open to workers of Renault Group and of its subsidiaries included in Renault Group’s, DIAC’s and Renault Retail Group’s financial savings plans, in 29 international locations. To be eligible, workers want to have accomplished a minimum of 3 months of steady or discontinuous service between 1 January 2021 and 12 December 2022, and their employment contract must be in impact at 12 December 2022.
The plan is offered in Argentina, Austria, Belgium, Brazil, Chile, China, Colombia, the Czech Republic, France, Germany, Hungary, India, Ireland, Italy, Malta, Mexico, Morocco, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey and the United Kingdom.

Terms
All eligible workers within the Group are instantly awarded 6 shares freed from cost, as a unilateral firm contribution (besides in some international locations the place shares shall be delivered after a 5-year interval and no holding necessities apply).

And, in 21 international locations, Renault Group will supply its workers beneficial phrases to purchase shares: a 30% low cost on the reference value plus a 300% bonus for the primary 2 shares (6 free shares for the primary 2 they purchase). Employees’ voluntary funds, which shall be made in response to relevant necessities in every nation, can’t exceed 25% of their gross annual remuneration.
The Renault shares shall be held for a minimum of 5 years (besides in distinctive instances) in a firm mutual fund or, in some international locations, in an account registered to the shareholder.

About Renault Group
About Renault Group Renault Group is on the forefront of reinventing mobility. Backed by its alliance with Nissan and Mitsubishi Motors, and its distinctive experience by way of electrification, Renault Group attracts on the complementary nature of its 4 manufacturers – Renault – Dacia – Alpine and Mobilize – to supply its prospects sustainable and modern mobility options. With operations in additional than 130 international locations, the Group bought 2.7 million autos in 2021. It employs practically 111,000 individuals who embody its raison d’être on a every day foundation, in order that mobility brings us nearer to 1 one other. Ready to take up challenges on the street in addition to in competitors, the Group is dedicated to an bold and value-generating transformation. This is centred on the event of latest applied sciences and providers, and a new vary of much more aggressive, balanced and electrified autos. In line with environmental challenges, Renault Group’s ambition is to attain carbon neutrality in Europe by 2040.
https://www.renaultgroup.com/en

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