Syensqo: launch of an employee shareholding plan
(CercleFinance.com) - Belgian chemicals group Syensqo announces the launch of a new employee shareholding plan, 'designed to offer its global workforce new opportunities to contribute to its growth and success'.
Under the terms of the plan, participating employees will receive one free share on joining, and one additional free share for every two shares they hold after a two-year period.
The specialty chemicals company points out that 25% of its employees are already shareholders, mainly as a result of the employee shareholding plan initiated by Solvay in 2021, i.e. prior to the latter's demerger which gave rise to Syensqo at the end of 2023.
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