Why not become an employee shareholder?

Q&A

• What is Elis For All?

  Elis for all is the name of the Elis Group employee share ownership plan.

  With its third employee share ownership plan, Elis wants employee share ownership to be one of the driving forces for its development and employee engagement.

• Who can take part?

  To be eligible, you need to have been an employee of the Group for at least three months as of the opening date of the subscription period.

• How much can I invest?

  The minimum investment amount in Elis for all is set at €50.

  The maximum amount is equal to a quarter of your estimated gross annual salary for 2023 and is capped at €50,000.

• What is the reference price?

  Reference price: the average opening price of Elis shares on the 20 trading days preceding the launch of the scheme.

• At what price will the shares be offered to employees?

  Employees will receive a 30% discount on the reference price. The reference price will be the average opening stock exchange price over the 20 trading days between 18 August and 14 September 2023 included. It will be set and announced on 15 September 2023.

• What does matching contribution mean?

  The matching contribution is a contribution of company shares (vesting at the end of the blocking period, provided that the employee still works for the Group on this date) which complements the employees’ payment to increase the number of shares acquired.

• What is the subscription price?

  The subscription price is the price at which employees purchase shares as part of the plan. The subscription price is calculated from the reference price, which is equal to the average opening stock exchange price of Elis shares over the 20 trading days before the price is set. The goal is to smooth out pricing differences over the period before the subscription. The subscription price will be set by applying a 30% discount to the reference price.

• How can I pay?

  Your subscription must be paid by direct debit by 30 october 2023, in accordance with the terms and conditions outlined in the local supplement. Please refer to this for more information.

   

• Is it possible to change or cancel my subscription after the end of the subscription period?

  No. At the end of the subscription period, your subscription will be considered irrevocable and the investment must therefore be honoured.

• What happens throughout the duration of the plan?

  Your investment will track the performance of the share price, both upwards and downwards.
  During the investment period, any dividends will be automatically reinvested in the FCPE and will increase your number of units.
  Your assets will be unavailable until 2028, except in the case of early release as permitted by law.

• And after the subscription?

  If you have made a voluntary payment, it will be deducted from your bank account around October 30, 2023. The contribution is exempt from income tax but subject to CSG/CRDS (9.7%) when you subscribe. If you benefit from a contribution, the amount of CSG/CRDS will be deducted from your pay for November 2023.

• When can I get an early exit?

  Early exit cases: 

  • Marriage
  • 3rd child is born / adopted
  • Divorce / Separation
  • Disability
  • Death
  • Termination of employment contract
  • Creation of new business
  • Over-indebtness
  • Acquisition / enlargement of principal residence
  • Domestic violence