The 2026 offer
L’Oréal’s ambition is to make employee shareholding more widely available by giving you the opportunity to invest in L’Oréal shares at your own pace.1
L’Oréal aims to make Employee Share Plan more accessible by giving you the opportunity to invest in L’Oréal shares at your own pace. Once again, L’Oréal is offering you the chance to take part in the Group’s growth by becoming a shareholder. This year, the offer will be different from previous ones. You will be able to invest through the Employee Share Fund (FCPE) called the “L’Oréal Employee Share Plan Relais 2026”.
This fund is reserved for Group employees who wish to invest in L’Oréal shares.
Why this change?
The worldwide scope of our Employee Share Plan, covering all countries2 where L'Oréal operates, requires greater alignment between the offers made to our employees globally.
By harmonising the conditions of the plan worldwide, L’Oréal creates a more consistent framework across the Group. This ensures that employees, regardless of their country, have access to aligned investment opportunities, reflecting our commitment to giving everyone broader opportunities to take part in the Group’s long-term success.
The 2026 offer introduces several changes:
- UPDATED ELIGIBILITY CRITERIA
- A NEW SCHEME MANAGED BY A NEW PROVIDER
- A MORE FAVORABLE MATCHING CONTRIBUTION RULE
- A 20% DISCOUNT ON THE REFERENCE PRICE
- A HIGHER INVESTMENT LIMIT UP TO 20 SHARES3
We encourage you to explore these new features and make the most of the benefits detailed in the following sections.
1 Future share offerings will be subject to the prior approval of the company’s shareholders and its Board of Directors, to the authorization of the relevant authorities, notably the French AMF (Autorité des Marchés Financiers), to the completion of the required procedures with employee representatives, and to market and economic conditions. The offered conditions may vary from year to year.
2 Unless not legally feasible locally.
3 The cap may be reduced if the plan is oversubscribed.
WHO CAN PARTICIPATE?
All employees with 12 months of consecutive employment in a L’Oréal Group company as of 24 June 2026 and who are still employed on 24 June 2026.
The advantages of the plan
-
A 20% discount
The reference price is the average opening price of the L’Oréal share in the stock market between 8 May and 4 June 2026 and will be fixed on 5 June 2026.
-
L’Oréal will give you up to 3 free shares
Dependent on your investment
-
Payment of possible dividends
Possible dividends paid by L’Oréal will be automatically reinvested in the "L’Oréal Employee Share Plan" of the FCPE, thereby increasing the value of your units. These dividends will be increased by 10% after two years of holding registered shares via the FCPE. -
Payment facilities
By bank transfer and/or by deduction from your salary in 10 instalments
Free share rule
For a 2026 subscription of
- 1
- 2
- 3
- 4
- 5
- 6
L’Oréal will contribute in 2031 to
- 1
- 1
- 2
- 2
- 2
- 3
Total amount of the 2031 investment
- 2 shares
- 3 shares
- 5 shares
- 6 shares
- 7 shares
- 9 shares
If you subscribe to more than 6 shares, the number of free shares is limited to 3 shares.
How much can I invest?
-
MINIMUM
1 SHARE
-
MAXIMUM
20 L’ORÉAL SHARES
This number may be reduced if the plan is oversubscribed.
How much can I invest?
Each employee undertakes to ensure that the amount of their investment does not exceed 25% of their estimated gross annual salary for 2026*.
You can change your subscription until the last day of subscription, i.e. 24 June 2026 (23:59, Paris time). At the end of the subscription period, your choices will be final and may not be changed.
*The gross annual salary includes your fixed and variable remuneration, as well as all bonuses received or receivable during the year.
How do i subscribe?
- Log onto invest.loreal.com
- Click on the “subscribe” button
- Sign in with the login and password sent to you
- Complete the subscription screen
- Don’t forget to confirm your subscription
SubscribeOnly one subscription order per employee is authorised