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Rexel launches the Opportunity 10 employee share purchase plan

Rexel, the leading distributor worldwide of electrical supplies, announces the launch of a new employee share purchase plan, through which it is offering its employees in France and internationally the opportunity to acquire shares in the company through a reserved capital increase.

> Download the Press release (11 Rexel countries, except Austria)
> Download the Press release for Austria

Named Opportunity 10, this offering will be open to nearly 80 % of the Group’s employees, covering 12 countries. In most of the eligible countries, subscription will be through employee shareholding funds (“fonds communs de placement d’entreprise”, or “FCPE”) which received approval from the “Autorité des Marchés Financiers” (“AMF”) on June 1, 2010.

Eligible employees will be able to purchase shares at a price of € 9.85 per share, a subscription price equal to 80% of the average opening price of the Rexel share on Euronext Paris over the 20 trading days preceding the decision of Rexel’s Management Board to proceed with the offering. The terms of the offering are detailed below.

Opportunity 10 is the second share purchase plan proposed by Rexel to its employees since its listing on the stock exchange in 2007. This offering is aimed at associating Rexel’s teams more closely with the Group’s performance and increasing their stake in its share capital.

With this offering, Rexel is building on the initiatives undertaken in 2010 to improve employee benefits and to encourage employee participation. These initiatives include:
• The implementation of a comprehensive benefits program in 11 countries,
• The launch of local meetings to discuss ethics within the Group, following up on ethics principles initiated in 2007.

Document to download

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