Capital Increase Reserved for Employees

Thursday, December 14 2017 | 00 h 00 min | News

Charenton-le-Pont, France – At the Extraordinary General Meeting of May 11, 2017, shareholders of Essilor International authorized the Board of Directors, within a 26-month period, to issue shares reserved for employees participating in an Essilor employee stock ownership plan, with new shares representing up to 1.5% of the total capital stock (Resolution 18). The maximum number of common shares previously authorized for issuance was 3,107,595.

At its meeting of December 6, 2017, the Board of Directors decided to issue up to 350,000 common shares reserved for participants in the Essilor / Essilor International / BBGR / Novacel Ophtalmique / BNL Eurolens / Delamare Sovra SAS / Mont Royal / EOMC / DAC Vision / Transitions Optical Distribution Ltd employee stock ownership plans. The new shares will carry dividend rights from January 1, 2017. They will be offered at a price of €85.71 per share, this being the average of the opening prices over the 20 trading days preceding the Board’s December 6, 2017 meeting, to which a 20% discount has been applied.

The purpose of this offer is to further involve the Company’s employees in its development by allowing them to become shareholders.

Click HERE for the full press release.