Groupe SEB launches a new employee share ownership plan

Regulatory News:

Groupe SEB (Paris:SK) announces the launch of a new employee share plan, allowing employees to buy existing shares at preferential conditions. This initiative aims to involve employees more closely in the Group’s development. The transaction will cover 37 countries and involve nearly 20,000 employees.

The plan, entitled “Horizon 2024”, will consist of a single formula, known as “classic”, to buy SEB SA shares through a Fund Commun de Placement d’Entreprise (FCPE – Corporate investment fund) or through a direct holding company, in accordance with the legal and fiscal restrictions established in the countries where the offer will be implemented. Eligible employees will benefit from an employer contribution, based on the general conditions set out in the documentation.