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The 2012 employee shareholding plan of Groupe SEB is a success
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Last July Groupe SEB announced the establishment of an employee shareholding operation to enable its employees to subscribe to a capital increase on preferential terms.
More than 30% of the workforce in 30 eligible countries subscribed to this first global operation.
According to Thierry de La Tour d'Artaise, Chairman and Chief Executive Officer of Groupe SEB, "This high rate of participation demonstrates our employees' confidence in the Group, in France and internationally. The aim of this operation was to involve, in the long term, as many employees as possible in the company's performance while increasing their weight in the capital. This twofold objective has clearly been met and I am confident that, in the coming years, the Group’s growth will confirm the employees in their choice of becoming shareholders."
Pursuant to the capital increase, 217,223 new shares were issued at a subscription price of €45.36. This issue brought the total number of SEB S.A. shares outstanding to 50,169,049 at November 15, 2012.