Verallia is launching its 9th employee shareholding offer and its first in the UK.
It gives you the chance to buy Verallia shares through an employee shareholding fund known as a Fonds Commun de Placement d'Entreprise (or FCPE) which is a common shareholding structure which French companies use to offer shares under conditions exclusive to their employees.
You can subscribe online between the 2nd to the 17th May 2024 at employee-shareholding.verallia.com/2024
What are the details of the scheme?
A 15% discount on the share price
- You can buy a share at a price 15% below the agreed reference price.
- Between the 3rd and the 30th April 2024, inclusive, the Verallia share price will be recorded and tracked on each trading day.
- The reference price will be an average of the 20 recorded prices during the time period mentioned above.
- A discount of 15% will be applied to the agreed reference price to determine the subscription price you will need to pay.
Employer contribution of up to €2,000 gross
This year, Verallia will supplement your investment based on the following scale. This employer contribution is cumulative.
- If you invest from €50 to €500 inclusive, the gross employer contribution will be 100% for this tranche (or, in other words up to €500).
- From €500 to €2,000 inclusive, the gross employer contribution will be 60% for this tranche (so, up to an additional €900, and up to €1,400 in total).
- From €2,000 to €3,000 inclusive, the gross employer contribution will be 30% for this tranche (so, up to an additional €300, and up to €1,700 in total).
- From €3,000 to €6,000 inclusive, the gross employer contribution will be 10% for this tranche (so, up to an additional €300, and up to €2,000 in total).
- Verallia’s maximum gross contribution is capped at €2,000, even if you invest more than €6,000.
If you decide to participate, your investment must be:
- No less than: €50
- No more than: 25% of your gross annual salary for 2024, including bonuses.
As a result of joining the scheme, you will become an employee-shareholder of Verallia!
As a shareholder, you will benefit from any dividends distributed.
- These dividends will be reinvested in the FCPE, increasing the value of your investment.
If you are thinking of joining the scheme, you should be aware that…
- Your investment will be locked-in for 5 years, except where an early release event applies.
- There may be tax consequences in your country as a result of joining the offer.
- Your investment will track the Verallia share price, which may move up or down.
- The Verallia share price is in Euros so if you live outside the Eurozone, your investment will also be subject to exchange rate movements.
- So, like any other investment, you could lose all or part of your investment.
How can I participate in the 2024 Offer?
If you wish to join the scheme, please go to the website, employee-shareholding.verallia.com/2024 between the 2nd and 17th May, inclusive and click the “Subscribe to the 2024 Offer” button.