Stellantis lately introduced its first worker share buy plan, referred to as the “Shares to Win” program.
Shares to Win is an incentive program enabling Stellantis workers to change into shareholders of the legacy automaker on preferential phrases, listed beneath.
- No minimal subscription in France, and from one share subscribed in Italy
- 20% low cost on the reference share worth
- A contribution of 100% of the worker’s private contribution, as much as €1,000 gross
Stellantis has already executed the inducement program amongst 85,000 workers in France and Italy.
“The success of this step of Shares to Win in Italy and France demonstrates our workers’ confidence within the sustainable way forward for our Firm supported by the execution of our Dare Ahead 2030 strategic plan, which maps out the trail to reaching carbon web zero by 2038 and creating worth for all our stakeholders,” mentioned Xavier Chéreau, Chief HR & Transformation Officer.
On November 10, the subscription worth of this system was set to €14.52 in France and Italy. Stellantis notes that the reference share worth equals “the typical closing worth of Stellantis shares within the Milano inventory trade between October 12 and November 8, 2023.”
Between November 13 and November 30, the Shares to Win program garnered a complete funding of about €65 million, consisting of €47 million from particular person investments and €18 million matched by the corporate. The preliminary launch of this system in Italy and France resulted in round 4.4 million further shares held by workers.
“Initiated in France and Italy, our ambition is to make sure that as lots of our invaluable workers as attainable may change into Stellantis shareholders within the close to future. This demonstrates our dedication to collective success and the sharing of worth creation whereas fostering cohesion and pleasure in belonging to Stellantis,” added Chéreau.
The legacy automaker expects to increase this system to 242,000 eligible workers in 18 extra international locations by 2024. The prolonged program can have equal incentive guiding rules. In 2025, Stellantis plans to increase the Shares to Win program to all international locations wherein it has operations.
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