Success of the Renault Group shareholding plan

Success of the Renault Group shareholding plan

09.01.2023: Renault Group has successfully finalised its Renaulution Shareplan, open to all employees. More than 95,000 employees will benefit from 6 free shares. Among them, more than 40,000 have also subscribed to shares at a preferential price of 22.02 eu

    Renault Group has successfully finalised its Renaulution Shareplan, open to all employees.


    More than 95,000 employees will benefit from 6 free shares. Among them, more than 40,000 have also subscribed to shares at a preferential price of 22.02 euros.


    In total, with nearly 2.7 million additional shares held by employees, the Renaulution Shareplan operation represents 0.9% of Renault's capital.


    Employees will hold around 4.7% of the capital after the operation, a new step in the ambition to reach 10% of employee shareholders by 2030.


    The success of this employee shareholding plan attests to the commitment of the Group's employees and their confidence in its strategic direction.






Renault Group announces the success of its Renaulution Shareplan, which ran from 24 November to 12 December 2022, for Group employees. This plan included the attribution of 6 free shares to all eligible employees in 29 countries, and an additional offer in 21 countries to acquire shares at a 30% reduction, at a price of 22.02 euros.



 “We are pleased with the success of the Group's employee shareholding operation. It attests to the confidence of our employees in our Renaulution plan and in the strategic orientations announced last November. With employee shareholding, all our teams benefit from the value we create and are associated with the Group's performance over the long term.



The Group's employees will hold approximately 4.7% of the capital at the end of the Renaulution Shareplan operation. This is another important step in our ambition to reach 10% employee ownership by 2030.” said Luca de Meo, CEO Renault Group.



In total, the Renaulution Shareplan operation will enable the transfer to Group employees of approximately 2,698,190 additional shares, representing 0.91% of Renault SA's share capital, held through an employee mutual fund (FCPE) or, in some countries, directly in a registered account.



As part of the plan, the contributions1 offered by Renault Group amount to more than 812,608 shares2 which will be given free of charge to the Group's 95,396 employees on 7 February 2023.



40,307 employees also subscribed to additional shares, investing an average of 1,160 euros per person. This subscription represents 41,520,000 euros, or 1,885,590 shares.

 




1 - Unilateral contribution equivalent to 6 shares and additional contribution of 300% limited to the equivalent of 6 shares in case of subscription.


2 - Raw number of shares.





Coralie Jolly-logo Renault









Permanent-URL: http://www.automobilsport.com/success-renault-group-shareholding-plan---246496.html

09.01.2023 / MaP

More News

Kia Announces 2022 Global Sales and 2023 Targets
03.01.2023
    Kia’s global sales in 2022 reached 2.9 million units, up 4.6% year-on-year; Sales in overseas markets increased 5.4% year-on-year    Kia sets target to sell 3.2 million units globally in 2023; Maintaining sales growth with new regional strategy and EV leadership more >>
Hyundai Motor Group Announces 2022 Second−half Executive Appointments
20.12.2022
    New appointments signal HMG commitment to innovation while maintaining stability to best respond to business environment uncertainties    Top performers in Design, Brand and Overseas Business promoted:&nbs; more >>
Mike Song named new Global Head of Genesis
20.12.2022
    Song appointed new Global Head of Genesis while retaining existing COO role, effective January 1, 2023    New leadership to accelerate Genesis' global presence and performance through clear brand vision. more >>
Porsche takes fast lane into the DAX
19.12.2022
Sports car manufacturer secures ‘fast entry’ into the German stock index•    Company joins Germany’s leading stock index at the earliest possible date after going public 81 days ago.•    more >>
Renault Group: Renewal of the term of office of the Chairman and appointment of the Chief Executive Officer as a Director
15.12.2022
The Board of Directors of Renault, which met today, unanimously decided, upon the recommendation of the Governance and Compensation Committee, to propose to the Shareholders’ General Meeting scheduled for May 11, 2023, the renewal of the term of office of Jean-Dominique Senard as Director. more >>
New CEO for Porsche Cars Great Britain
09.12.2022
Krishan Bodhani takes over at Porsche Cars Great Britain from 1 February 2023.•    New CEO for fourth-largest Porsche market worldwide.•    Krishan Bodhani joins from Mercedes-Benz Europ more >>
Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData
06.12.2022
The rise of electric vehicles (EVs) will bring about both enormous opportunities and challenges for the power industry. With planned investments and policies, the utilities will be able to serve new markets. Utilities should collaborate with EV manufacturers to bo more >>
BMW Group partners with THACO to start local production in Chu Lai, Quang Nam Province, Vietnam
05.12.2022
- Strategy: production follows market - Vietnam important growth market for BMW Group Asia - Local production of BMW 3 and 5 Series as well as BMW X3 and X5  BMW Group is excited to partner with Tru more >>
Norma Clayton elected to Goodyear Board of Directors
02.12.2022
The Goodyear Tire & Rubber Company today announced the election of Norma B. Clayton to its Board of Directors, effective Nov. 28, 2022.   “We are very pleased to w more >>
The Little Car Company launches Series B funding as it expands production and workforce
01.12.2022
...following surging global demand•    The Little Car Company has commenced its Series B funding round as it scales up to meet unprecedented demand •    Momentum rapidly accelerating a more >>
American Honda November sales totaled nearly 80,000 units
01.12.2022
    Honda crossovers lead the way with all-new CR-V sales of almost 20,000 units and all-new HR-V over 9,000 units, logging its best month since June       All-new Pilot goes on-sale in December and is alr more >>
Hyundai Motor Group Announces 2022 Key Executive Appointments
01.12.2022
    Hyundai Motor Group to bolster future business competitiveness and better manage global economic uncertainties through the appointments    Chief Creative Officer (CCO) Luc Donckerwolke promoted to a president to enhance the Group’s efforts on brand communication leveraging creative contents  &nbs; more >>
Stellantis Reaches Agreement with Santander Brasil to Boost Value Creation
30.11.2022
  Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganize their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes: more >>
Mercedes-Benz Feature Podcast Future Dimensions #3 – what if we grew homes from mushrooms?
26.11.2022
Houses made of mushrooms and textiles grown organically? The third episode of "Future Dimensions" focuses on how we can harness the power of innovative materials to change the way we deal with our resources.As part of the episode, host Ricard more >>
Mercedes-Benz issues its first Green Panda Bond expanding sustainable finance in China
26.11.2022
    Mercedes-Benz is the first automaker to issue a Green Panda Bond: With a two year term and an annual coupon of 2.9%, the bond is 3.1 times oversubscribed    Panda bond as another example of expanding regional footprint in sustainable finance in line with Mercedes Benz Ambition 2039    Mercedes-Ben more >>
Ed Ditmire Joins Stellantis as Head of Investor Relations
16.11.2022
Stellantis N.V. today announced that Ed Ditmire has joined the company as Head of Investor Relations, reporting to Richard Palmer, Chief Financial Officer, effective Dec. 1, 2022. Andrea Bandinelli will take on a new position within Stellantis to be announced later.&ld; more >>
Tesla’s Q3 2022 R&D Spend per Car of $2131 Is the Lowest of Any Quarter
14.11.2022
No automaker has matched Tesla’s R&D since its inception in research and development. However, an analysis from StockApps.com shows Tesla’s expenditure on R&D per vehicle has reduced. Tesla spent the lowest amount of $2131 per car in R&D in Q3 2022. more >>
American Honda October Sales Continue Sales Momentum with Best Results in Six Months
01.11.2022
    American Honda October sales top 81,000 units, best monthly performance since April despite ongoing supply and transportation issues         Acura sales top 9,000 units for best month since more >>
Kia America Announces Record October Sales
01.11.2022
    October sales up 3.9-percent over previous record set in October 2020    Sales of Kia’s electrified models increase 101-percent year-over-yearKia America announced record October sales of 58 more >>
GAC-FCA Joint Venture to File for Bankruptcy
31.10.2022
  The shareholders of the GAC-FCA Joint Venture, Guangzhou Automobile Group Co., Ltd. and Stellantis N.V., have approved a resolution authorizing the Joint Venture to file for bankruptcy, in a loss-making context. Stellantis fully impaired the value o more >>
Mercedes-Benz posts robust Q3 profit in a demanding environment
26.10.2022
    Profitable growth: Group revenue increased 19% to €37.7 billion in Q3; EBIT up 83% to €2 billion compared to Q3 2021    Resilience at work: Mercedes-Benz Cars adjusted Return on Sales (RoS) in Q3 reaches 14.5% (Q3 2021: 8.8%); Mercedes-Benz Vans adjusted Return on Sales at 12.7% (Q3 2021: 5.3%)&n; more >>
Kia announces 3Q 2022 business results
25.10.2022
    3Q revenue at KRW 23. 2 trillion, up 30.5% year-on-year    3Q operating profit at KRW 768 billion; net profit 459 billion    3Q global sales totaled 752,104 units, up 9.9% year-on-year with the easing supply conditions    3Q operating profit margin stayed at 3.3% d more >>
Goodyear to announce third quarter 2022 financial results
19.10.2022
  The Goodyear Tire & Rubber Company will report third quarter 2022 financial results after market close on Monday, Oct. 31, followed by an investor conference call at 8 a.m. EDT on Tuesday, Nov. 1.The Company will publish its results u more >>
Porsche - Deliveries up in first nine months
14.10.2022
The iconic sports car, the 911, continues to rise in popularity.•    Worldwide deliveries total 221,512 in the first three quarters of the year•    Gain of 2 per cent compared to the sa more >>
Toyota Motor Europe’s market share climbs to a record 7.5% in first 9 months, +0.8% points year-on-year
14.10.2022
·    Toyota brand maintains its second place as best-selling passenger car brand in Europe(1)·    Toyota Motor Europe (TME) continues to outperform the market with sales of 813,547 vehicles·    Record sales of Toyota and Lexus multi-technology electrified line-up, which now repres more >>
Dynamic growth in e-mobility: BMW Group doubles sales of fully-electric vehicles
11.10.2022
The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth. more >>
Porsche AG reorganises its supervisory board
23.09.2022
Sports car manufacturer welcomes three new supervisory board members   •    Micaela le Divelec Lemmi, Melissa Di Donato Roos and Hauke Stars take on mandates on the Supervisory Boar more >>
Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity
20.09.2022
    Investing in Mirafiori Complex for electric transmission production and circular economy business    Upgrading existing facility with joint venture partner, Punch Powertrain, for new electrified transmissions facility, expected in second half of 2024    Building leading Circular Economy Hub more >>
Manfred Döss appointed Chairman of the Supervisory Board of AUDI AG
15.09.2022
Manfred Döss unanimously elected to succeed Herbert Diess at today’s Supervisory Board meeting           The legal expert has been a Member of the Supervisory Board of AUDI AG since September 2, and will ta more >>
Stellantis and General Motors to Execute a Share Repurchase Transaction
14.09.2022
Stellantis N.V. and General Motors Holdings LLC, a subsidiary of General Motors Company (“GM”) have executed a share repurchase agreement (“SRA”) related to the 69.1 million common shares in Stellantis, representing approximately 2.2% of Stellantis’ share capi more >>
Stellantis invest in Africar Group to create Auto24, African used vehicle start-up
12.09.2022
 •    Auto24, new subsidiary of Africar Group, launches its activities in Ivory Coast•    Africar Group is a class leading and multi country digital automotive marketplace across Sub-Saharan Africa•    Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant Afr more >>
Volkswagen B-BBEE Initiatives Trust welcomes new CEO
31.08.2022
•    Neeraj Kessery appointed as CEO from 1 August 2022•    Kessery has served as a Trustee since February 2020Volkswagen Group South Africa (VWSA) has welcomed Neeraj Kessery to the position of more >>
Mecobit Begins New Period in Photo voltaic Powered Cryptocurrency Mining
26.08.2022
Mecobit Photo voltaic, a world firm with an emphasis on high-quality photo voltaic at an inexpensive worth, proclaims product enhancements to its Photo voltaic System merchandise that energy cryptocurrency miners and different current miners. more >>
Lawrence Hamilton appointed Managing Director at Genesis Motor Europe
26.08.2022
Genesis has announced the appointment of Lawrence Hamilton as its Managing Director at Genesis Motor Europe, effective September 1, 2022. The appointment follows Dominique Boesch’s decision to leave the company to pursue a new business opportunity. more >>
Profitable first half-year - BMW Group stays on course in difficult environment
03.08.2022
In a highly volatile environment, the BMW Group remained on course in the first half of 2022. With flexibility and expertise, the company encountered challenges including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts. more >>
American Honda July Sales Continue to Reflect Strong Demand and Limited Inventory
02.08.2022
    American Honda July sales top 71,000 units, as strong retail demand continues despite supply chain and logistics constraints       Honda and Acura brands see unprecedented high turn rates more >>
Lamborghini: the best half-year results ever
02.08.2022
Automobili Lamborghini has continued its positive trend from the start of the year and set a new record, concluding its best six months ever to the end of June 2022 in terms of sales, turnover and profitability.   Global del more >>
Kia announces July 2022 global sales results
01.08.2022
    July global sales at 257,903 units, up 6.3% y/y    Sales outside of Korea recorded 206,548 units, up 6.2% y/y    Sales in Korea recorded 51,355 units, up 6.6% y/y    Kia to continue creating sales momentum and enhancing profitability through new models, such as the more >>
Porsche increases sales revenue, operating profit and return on sales
28.07.2022
Half-year results: 17.92 billion euros in sales revenue and 19.4 per cent return on salesStrong increase in the first half of the year: Porsche AG significantly increased its sales revenue and operating profit in the first six months of 2022 – to 17.92 billion more >>
2001-2023 copyright automobilsport.com