Rexel, a global leader in the professional distribution of products and services for the energy world, announces the launch of a new employee share purchase plan, entitled Opportunity16, through which its employees will have the opportunity to acquire shares in the company by participating in a capital increase under preferential conditions.
This offering will be open to nearly 90% of the Rexel Group’s employees, covering 14 countries. In most of the eligible countries, subscription will be through employee shareholding funds (“fonds communs de placement d’entreprise”, or “FCPE”) that received approval from the “Autorité des Marchés Financiers” (“AMF”) on June 17, 2016.
Eligible employees will be able to purchase shares at a price of € 11.08 per share, corresponding to a subscription price equal to 80% of the average opening price of the Rexel share on the Euronext Paris stock exchange over the 20 trading days preceding September 5, 2016. The Opportunity16 subscription period will begin on September 12 and end on September 26, 2016 (inclusive).
This new employee share purchase plan is the fifth such plan launched by Rexel following those offered in 2007, 2010, 2012 and 2013. Employee shareholding is a key component of its corporate culture and with Opportunity16, Rexel aims to actively engage its employees in its strategic roadmap as key contributors to the Group’s growth.