Verallia, the world’s 3rd largest producer of glass packaging for food and beverages, has successfully completed its 7th employee shareholding offer. On June 23, 2022, more than 3,200 employees joined in the Group’s development and performance by subscribing to this major operation. Open from May 3 to 17, 2022 in 8 countries, this program allowed them to benefit from exclusive conditions to join the Group’s capital – i.e. a 10% discount on the share price and a favorable matching plan.
As proof of the success of its strategy and its strong CSR ambitions, Verallia has achieved an excellent 7th edition of its employee shareholding offer. At the close of business on June 23, 2022, more than 3,200 employees, i.e. 41% of eligible employees in 8 countries, had invested in the Group, benefiting from an attractive unit subscription price of €21.22(1). The total investment of the Group’s employees (including the Company’s contribution) amounts to nearly €13 million.
At closing, 611,445 new ordinary shares, representing 0.5% 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 proceeded at the same time to a capital reduction by cancellation of 611,445 treasury shares acquired under the share buyback program(2).
In just seven years, these operations have already enabled more than 45% of employees to become Verallia shareholders, directly and through the Verallia FCPE, as part of the successive offers reserved for them. Employees now hold 4.1%(3) of the Company’s capital.
“Verallia’s success also depends on the Group’s commitment to its employees. Their strong mobilization for this 7th edition measures our mutual trust and confirms the orientations of our roadmap, which carries strong CSR ambitions. We are aiming for a 5% employee shareholding rate by 2025: by renewing this operation every year, we are enabling all the Group’s employees to become involved at their level and to play a part in Verallia’s profitability,” said Patrice Lucas, CEO of Verallia.
06.07.2022, Verallia
News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.