03.06.2020

Euronext Announces First All Employee Performance Share Plan

03.06.2020
Shanny Basar

Euronext today announced its first Performance Share Plan granting free shares to all employees across the company, subject to approval by Euronext shareholders. As part of this award, every eligible Euronext employee will receive a grant of 10 performance shares, taking the percentage of beneficiaries of a performance share plan from 24% to 100 % of eligible Euronext employees.

This all-employee performance share grant will vest in three years and will enable all employees to fully share in the success of Euronext’s growth ambitions. It is the first award of its kind since the creation of Euronext in 2000, and consists of offering existing shares held in treasury, previously repurchased by Euronext.

The purpose of this grant is to continue building on the active participation of all Euronext employees in the company’s new strategic plan. Co-designed with all the teams across the different geographies, with surveys and workshops, the “Let’s Grow Together 2022” strategic plan aims at building the leading pan-European market infrastructure, connecting local economies to global capital markets.

Stéphane Boujnah said: “Euronext’s share price performance reflects the contributions of all the Euronext teams. Today we are proud to associate directly all our Euronext colleagues in the company’s future success through this all-employee share grant. We believe it is important for everyone across the company to be fully aligned in pursuit of the same goal: the success of our “Let’s Grow Together 2022” plan. Alignment and sharing are the pre-requisites for our inclusive success, and this grant fuels Euronext’s ESG ambitions for the financial industry.”

Source: Euronext

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