2017 Yearly Overview | Prysmian Group

61 Very high partecipation Towards the end of 2013, the Group launched its ‘YES’ scheme, a share-ownership initiative open to all employees. The plan has been proposed in 28 countries, informing staff via an intensive communication campaign and dedicated information sessions. It allows employees to purchase Prysmian shares in certain time windows on advantageous terms, with the agreement not to sell them for at least 36 months subsequent to their purchase date. By encouraging employees to become stable shareholders, they become owners of a small part of the business in which they work. The target audience is around 1%. The shareholders’ meeting held in April 2016 approved extension of the plan to 2019, raised the number of bonus shares at the time of subscription (8 for those who have already In 2017, there were two purchase windows. Over the years, ‘YES’ has proven a real success, chosen by more than 7,400 employees – approximately 53% of the corporate population entitled to do so became a shareholder. Participation in the plan in certain countries has been very high throughout the entire three-year period. For example, almost all staff in Romania joined the plan, 85% in Turkey and about 65% at our Milan HQ. Shares are obtained at a variable discount, in order to encourage employees at all levels to take part. These discounts range from 1% for the Chief Executive Officer and senior managers, 15% for other executives, to 25% for remaining employees. In addition, all participants were given six free shares as a welcome bonus. The objectives of this plan are: to increase the involvement, sense of belonging and business understanding of our staff; to engender shared, long-term mutual interests between employees, customers and shareholders; and to strengthen the internal perception of Prysmian Group as one, truly cohesive company. OVER 7,400 HAVE SAID ‘YES’! Some 53% of the corporate population has joined the ‘Your Employee Shares’ (YES) plan, introduced at the end of 2013 and extended to 2019. Strengthening the sense of belonging Joining conditions improved More than 7,400 employees involved (representing 53% of those entitled) €28 M invested 1.7 M shares purchased by employees YES HIGHLIGHTS participated,3insubsequentyears),introducedaloyaltybonusforthose who decide to extend the lock-up period for their shares, and improved the flexibility of the plan rules – multiple windows, purchase close to subscription, and exit clauses linked to the personal life of individuals.