EssilorLuxottica celebrates successful 2019 International Share Ownership Plan

EssilorLuxottica announced the results of of eligible employees. After this operation, more than 56,000 EssilorLuxottica employees now hold a financial stake in the company.

In November this year, EssilorLuxottica introduced the first employee share ownership initiative of the new combined Group, extending it for the first time to 12,000 eligible Luxottica employees in Italy. The plan this year covered no less than 73 countries (vs 43 last year), corresponding to nearly 70,000 employees eligible to subscribe.

This gave Luxottica employees in Italy the opportunity to join more than 48,000 Essilor colleagues worldwide who, since the origins of Essilor and in particular over the past few years, decided to co-invest in the company by purchasing shares on favorable terms. Embracing the Boost plan for the very first time, Luxottica’s Italian employees already broke records, with a take-up rate of 68%, above the Group’s 2019 average.

A pillar of EssilorLuxottica’s culture, employee shareholding reinforces employees’ sense of commitment to the company’s mission and strategy, aligning their long-term interests with those of the group and of other shareholders, and providing them with the opportunity to participate in the anticipated value creation and success of the group.

The success of Boost 2019 is another step forward in the integration process and construction of EssilorLuxottica, with the company confirming its long-term commitment to promoting employee shareholding.