YES: Your Employee Shares

YES: Your Employee Shares

One company. One initiative. Open to everyone

Inspired, committed and passionate people helped make us the world leader we are today. We want to incentivise our employees to keep achieving great results for the company, and reward them with a tangible share in our success.

That’s why we launched the Your Employee Shares (YES) plan across 28 countries in 2013, a long-term stock ownership option for our about 30,000 staff worldwide.

The popularity of YES has been so great that it has been extended for another two years, bringing more people into the scheme and boosting the internal perception of Prysmian as "One Company".

But it doesn’t stop there. Our recent merger with General Cable is set to enhance our global position, creating better value for all – including our workers on the YES scheme, who will have the opportunity to share in our continued progress, and become even more a part of the Prysmian family.

YES has met with interest and approval from a number of international funds who have invested in the company.

Key facts about the YES plan

  • Prysmian shares are available to employees for purchase at a preferential rate (a discount of up to 25% on the market price)

  • 8 free shares will be awarded to each participating employee on enrolment in the scheme

  • The plan is structured into annual tranches, with the goal of 1-2% share capital to be owned by employees

  • Shares may not be sold for 36 months following purchase

  • Minimum investment required is €100

Our goal is for 1% of the company to be owned by our employees with the possibility of that rising to 5-10% in the future.

“Your Employees Shares (YES) 2019 is a unique and important initiative that demonstrates the Group’s trust in you, allowing you to be financially rewarded for all your hard work.”

Array

Valerio Battista

CEO Prysmian Group

A snapshot about YES

In the first five years, over 53% of our employees (that’s 9,200) in 28 countries have become investors