Saint-Gobain's 2025 Employee Share Offering Announced

Saint-Gobain revealed a share capital increase targeting members of its Employee Savings Plan. This is part of its ongoing strategy to enhance employee share ownership. The Board authorized the issuance of up to 8,992,952 shares at a par value of €4 each. The shares, available in over 50 countries, offer a maximum 20% discount on the reference price. This maintains employee engagement with potential matching contributions.

Eligible participants include current employees, retirees, and group directors with a minimum three-month tenure. No preferential rights exist for current shareholders. New shares, bearing rights from January 2025, are subject to a holding period of five to ten years.

The subscription runs from March 10 to March 24, 2025, with an anticipated completion by May 14. Newly-issued shares will list on Euronext Paris post-completion, exempt from dividends for the 2024 fiscal year.