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EssilorLuxottica : Capital Increase Reserved for Employees of French companies participants in the employee stock ownership plans

11/29/2021 | 12:11pm

Capital Increase Reserved for Employees of French companies

participants in the employee stock ownership plans

Charenton-le-Pont, France (November 29, 2021 - 6:00 pm) - The purpose of this offer is to further involve the group's employees in its development by allowing them to become shareholders of EssilorLuxottica.

At the Extraordinary General Meeting of May 21, 2021, shareholders of EssilorLuxottica ("EssilorLuxottica") authorized the Board of Directors, within a 26-month period, to issue shares reserved for employees participating in an employee stock ownership plan, with new shares representing up to 0.5% of the total capital stock (Resolution 18).

The Board of Directors decided the principle to issue up to 380,000 common shares reserved for participants in the EssilorLuxottica Group's employee stock ownership plans and delegated to the Chief Executive Officer and the Deputy Chief Executive Officer the powers to implement the transaction. The subscription price has been set up at € 147.628 per share, this being the average of the opening prices over the 20 trading days preceding November 24, 2021, to which a 20% discount has been applied.

The shares can be subscribed through the FCPE (Fonds Commun de Placement d'Entreprise) "FCPE ACTIONNARIAT ESSILORLUXOTTICA RELAIS 2021". This FCPE has been valued since January 4, 2021, the start date of the subscription period for the employees of the group's eligible French companies. The closing date of the subscription period is scheduled for December 10, 2021. The voting rights pertaining to such shares will be exercised by the employee shareholders individually holding FCPE units.

The new shares will carry dividend rights from January 1st, 2021. The actual number of shares issued will be announced on December 17, 2021, after which EssilorLuxottica will apply for the new shares to be listed on Euronext Paris.

EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters as well as - since July 1, 2021, via a majority interest - GrandVision network are part of the EssilorLuxottica family..

In 2018, EssilorLuxottica had nearly 150,000 employees and pro forma consolidated revenues of Euro 16.2 billion.

The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. For more information, please visit


Head of Corporate Communications

Head of Investor Relations

Marco Catalani

Giorgio Iannella




EssilorLuxottica SA published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 17:10:02 UTC.

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