L'Oréal has announced the roll-out of its employee share scheme across 52 of the 140 countries the brand owner is present in.
As part of the Employee Share Ownership Plan, employees will be able to buy up to 500,000 shares with a 20% discounted rate.
“L'Oréal has always intended that its employees benefit from the group's success and prosperity,” said Jean-Paul Agon, CEO of L'Oréal.
“This first Employee Share Ownership Plan will give employees who want to participate a new way to support the company's development and be involved in its strategic projects."
The share purchase price will be set on 1 June and will be equal to the average of the opening price of L'Oréal shares on the Euronext Paris exchange over the 20 trading days preceding the decision.
