LVMH: international employee share ownership plan

(CercleFinance.com) - LVMH announces the launch of 'LVMH Shares', an international employee shareholding plan aimed at 70% of its global workforce, to be deployed in 11 countries and regions in Europe, North America and Asia.


'Thanks to preferential subscription conditions, this plan is an opportunity to involve employees in the Group's development. It is also a mark of recognition for their daily work and commitment", explains LVMH.

The subscription price, set on October 18, will be equal to the average opening price of the share on Euronext Paris over the 20 trading days preceding this decision, less a 20% discount. Employees eligible for the offer will benefit from a matching contribution.

The operation will concern a maximum number of 200,000 newly-issued shares. The subscription period will run from October 24 to November 13, with delivery scheduled for December 18.

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