Renault Group Launches Third Employee Share Ownership Plan

Renault Group announced a new employee share ownership plan, aiming to increase employee-held equity to 10% by 2030. This plan, the third under the Renaulution initiative, builds on the 5.07% of equity already held by employees as of December 2023.

Eligible employees in 30 countries will receive seven free shares. In 24 of these countries, employees can also purchase shares at a 30% discount, with an additional matching contribution from the company. The reference share price is set at 41.80 euros, resulting in a subscription price of 29.26 euros after the discount. The subscription period runs from 18 September to 2 October 2024.

Renault Group aims to involve nearly 98,000 employees in this plan, reinforcing their commitment to the company's performance. This initiative highlights the company’s dedication to innovation and employee engagement.