1. What is an Employee Share Plan?
An employee share plan is a capital increase reserved for a company’s or group’s employees. These plans offer eligible employees the opportunity to acquire their company’s shares on preferential terms. 

2. Will you offer this plan every year? 
This plan is already the third in four years’ time. It demonstrates the Group’s desire to propose additional plans in the coming years, although not at fixed intervals.

3. Who can subscribe?
Employees who have been working for the L'Oreal Group for at least 24* months and still a Group employee on the last day of the subscription period (i.e., on 2 June 22022) are eligible.

4. When can employees subscribe? 
Employees can only subscribe between 17 September and 2 October September 17 to June 22, 2022 (23:59 CET - Central European Time).

5. How do employees subscribe? 
Employees subscribe online via a dedicated site, using the personal login details (“login”) that they have received by e-mail or post (if they did not provide an e-mail address). However, employees with no internet acces can request and complete a paper subscirption form by contacting their local HR correspondent. If you decide to participate in this way, you will need to return your application form to your local HR correspondent so that it is received by no later than 5pm on 2 June 22022.  

6. What happens if an employee misplaces their login details?
Local HR correspondents will be able to generate a new password for the employee. Employees can also send an email to [email protected] during the subscription period should they have issues accessing to the subscription site, or subscribing.

7. Can employees modify/cancel their subscription? 
Employees can modify their subscription online until the last day of the subscription period, i.e., 2 June 22022. At the end of teh subscription period, subscriptions can no longer be modified and are irreversible. The employees must pay their investment in full. 

8. What happens if an employee leaves the Group? 
Employees who leave the Group after the subscription period is finalised are still eligible. Their FCPE units will become available when they leave and can be redeemed. 

9. What is the minimum investment? 
The minimum investment is one L’Oréal share.

10. What is the maximum investment? 
The maximum investment is 50 L’Oréal shares, amounting to no more than 25% of your 2022 gross annual salary.

11. What do we mean by “gross annual salary”? 
An employee’s gross annual salary consists of their annual salary and any premium, sales incentive, commission, bonus or WPS payment received in 2022.

12. What are the risks if an employee does not comply with the 25% gross annual salary limit?
Employees must agree to comply with this limit by signing their subscription form (online or in writing). The risk is that the number of shares they request may be reduced if they do not comply with this limit. 

13. When do employees receive their free shares? 
The free shares will be distributed at the end of the lock-in period, i.e., around 3 November, 2025, subject to certain conditions (see the Local Supplement). 

14. What are the early release cases? 
Your Local Supplement will outline the valid cases in your country.

15. How will employees be informed of the shares they hold? 
Once they have completed the online application, employees will receive an email a confirming the subscribed amount. Employees who have subscribed to the plan will receive an email stating the number of units allocated to them in November 2022. They will also receive statement of account summarising their assets in the first quarter of 2023. In addition, employees who hold shares via the FCPE will also be able to access their account and manage their available assets through the Amundi website, www.amundi-ee.com.

16. How do employees apply for the early release of their shares? 
Employees should contact their local correspondents, who are responsible for authorising the early release of shares based on the early release cases permitted by the Local Supplement. 

17. Is it possible to release only part of the assets?
Yes. Employees can request the release of all or part of their locked-in subscribed shares.  However, employees may only use the same reason for release once: if employees release part of their locked-in shares, the remainder will remain locked-in until either the release date, or until a different reason for early release is provided.

18. What is a dividend? 
A dividend is the part of the earnings that the company pays to its shareholders. This payment is not made automatically; it depends on the Company’s annual results and the shareholders' decision at the General Meeting.

19. Are dividends locked in? 
For shares held via an FCPE, dividends received are reinvested in the fund to increase the value of the units, and is locked-in.

20. What is a capital gain/loss? 
A capital gain is the difference between the price of the initial investment, and the price at which the shareholder's shares are sold. If the difference is positive, the shareholder has made a capital gain. If not, they have made a capital loss.

21. Are there any tax consequences if I subscribe to the plan?
If you are resident in Ireland, you may incur tax by purchasing the shares.
In addition, if you chose to pay for the shares through a tax free loan, this will be considered a benefit in kind.
For more information on tax for residents in Ireland please refer to the “Local Supplement” on the “Documentation” section of this site.