By  on May 15, 2018

PARIS — L’Oréal said on Tuesday it is launching its first employee share ownership plan, set to roll out in 52 countries.

Under the scheme, employees will be able to buy 500,000 shares at a discounted rate. The subscription period will run from June 4 to June 18, and settlement is scheduled for July 24. The shares will trade on the Euronext stock exchange in Paris, but will have to be held for at least five years, barring exceptions.

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