Verallia, the world’s 3rd-largest producer of glass packaging for food and beverages, has successfully completed its 9th employee shareholding offer.
On June 20, 2024, over 3,800 employees, including 73 percent of French employees, subscribed to this program and became partners in the Group’s development and performance. Open from May 2 to May 17, 2024, in 9 countries, this program enabled them to benefit from exclusive conditions for acquiring a stake in the Group’s capital – a 15 percent discount on the share price and a favourable matching contribution plan.
Following on from previous years, this 9th edition confirms the success of the Group’s CSR strategy, by involving its employees in the company’s development and performance. By the close of business on June 20, 2024, more than 3,800 employees, or 41 percent of eligible employees in 9 countries, had invested in the Group, benefiting from an attractive unit subscription price of EUR 29.64. Total employee investment (including the Company’s matching contribution) came to over EUR 18.1 million.
At the close, 611,445 new ordinary shares, representing 0.5 percent of the share capital and voting rights, were issued by the Company. As in previous years, in order to neutralize the dilutive effect of this operation, the Company also reduced its capital by cancelling 611,445 treasury shares acquired under the share buyback program.
In just 9 years, these operations have already enabled almost 50 percent of the Group’s employees to become Verallia shareholders, and more than 80 percent of French employees, both directly and through the Verallia FCPE. Employees now own 4.5 percent (post employee share offering 2024 and after capital increase and reduction) of the Company’s capital.