Thales Introduces 2024 Employee Share Ownership Plan

Thales has announced the launch of its 2024 Employee Share Ownership Plan, available from November 4 to November 24, 2024. This plan, accessible to Thales employees in 36 countries and company retirees, aims to strengthen employee ties with the company's future goals and successes. Participants benefit from a 20% discount on Thales shares and a 50% matching contribution up to €500.

The shares offered will come from existing treasury shares. A maximum of 600,000 shares are set for this offer, with related expenses capped at €31 million. The acquisition price is set at €119.69, calculated as 80% of a reference price.

Participants can either invest through employee mutual funds or directly and are required to retain shares for five years, except under specific conditions. The plan also includes a Share Incentive Plan for the UK.