QUESTIONS/ANSWERS

It is a scheme enabling employees to invest in their company’s shares on preferential terms.

The Legrand Group wishes to further increase your involvement, as an employee, in the future of the Group.  

The employee share plan will enable you to become an indirect shareholder in the Group, via a Fonds commun de placement (FCPE or Company Mutual Fund), on preferential terms.  

Beyond the financial opportunity, this initiative symbolises our collective vision of the future and recognition of the commitment of each and every one of you. 

All employees (permanent, fixed-term, work-study) with at least 3 months of employment in a Legrand Group company that is a member of the Plan d’Epargne Groupe International (PEGI or International Group Savings Plan), continuously or discontinuously, between 1st January 2023 and 2 April 2024 (last day of the subscription period), and who are still on the payroll on that day.  

No, insofar as an intern does not have an employment contract with a company in the Legrand Group.

No, because temporary workers are under contract to a temporary employment agency and not to a Legrand Group company.

Yes, if the eligibility conditions are met. Moreover, leaving the company, particularly on retirement, is one of the reasons for early release. 

Yes, as long as the eligibility conditions are met.

No, retired employees are not eligible for the Legrand Group employee share ownership plan.

Yes, expatriates/inpatriates can subscribe to the offer in their host country, via a voluntary payment only (see details in the list of possible financing options). 

If their host country does not participate in the Legrand Group’s employee share ownership plan, they cannot take part in the transaction. 

All it takes to subscribe is a few clicks:

1. Click on the “Subscribe” button
2. Then click on the “Request password” button  
3. Enter your email address to get a temporary personal link so that you can log in 
4. Choose your definitive password 
5. Complete the subscription screen and don’t forget to confirm your subscription

If you have received your login and password by post, simply enter this information on the screen in step 3 and click on the “Log in” button.   

If an employee has forgotten their password, but has registered a professional or personal e-mail address as their login, they can regenerate their password via the collection site or contact the BNP hotline by telephone or e-mail, which will be available on the BNP collection site.

If they do not have an e-mail address or have not registered one, they can ask their local HR department for BNP’s telephone or e-mail contact details, which are available on the collection site. 

Finally, and as a last resort, the Country Project Manager and a few other employees (with the right to delegate) will have access to the collection site to reset the codes (this is only to be used in exceptional cases). 

Yes, the subscription can be modified throughout the subscription period.

An employee’s personal contribution must not exceed 25% of their gross annual remuneration for 2023 (including bonuses) 
 
A link to a simulator is available on this site to help determine the maximum amount that can be invested in the employee share ownership plan. 

If the employee does not respect the maximum investment limit, he or she will be held responsible. When subscribing, you undertake to adhere to this limit. 

If, as part of its checks on the employee share ownership operation, the HR department finds that the amount subscribed is too high in relation to an employee’s remuneration, it may contact the employee during the subscription period to change the amount, but the HR department is under no obligation to do so and cannot be held liable if the investment limit of 25% of the employee’s annual remuneration for 2023 is exceeded. 

Should the total number of share requests exceed the number of shares made available under the employee share plan (maximum of 300,000 shares), the highest subscriptions will be capped at a level that allows the total number of shares offered to be met. Subscriptions for an amount equal to or less than this “maximum” level will be met in full, and subscriptions for a higher amount will be limited to this level.
 
The surplus from voluntary payments will not be debited.
 
If you have opted for several payment methods, the reduction will apply in the following order of priority:

1. Cash payment  
2. Voluntary payments via payroll deduction (where applicable) 

The Legrand Relais 2024 FCPE (Company Mutual Fund) has been specially created to manage the amounts invested in the Legrand Group’s employee share ownership plan. This FCPE will then merge with the existing Actions Legrand FCPE. Employees receive shares in the Actions Legrand FCPE, which will be held in an account opened in their name and managed by BNPP ERE.  

BNP PARIBAS ASSET MANAGEMENT is responsible for the financial management of the FCPE.  

These transactions do not require any action on your part. 

In return for the advantages offered by the Legrand Group employee share ownership plan, the employee’s investment is blocked until 14 May 2029, i.e. for 60 months, because it is part of an employee savings scheme.  

It is possible to unlock your assets before the end of the plan if one of the early unlocking options applies. All cases of early release are listed in the local supplement specific to your country, which is available in the “Documentation” section

The cases of early release are specific to your country and are listed in the local supplement available in the "Documentation" section

An event justifying early release can only be taken into account if it occurs after the end of the subscription period, i.e. from 3 April 2024. However, the request will not be processed until after the shares have been delivered, on 14 May 2024.

Employees should contact their local HR department to submit their request for early release, together with supporting documents. Legrand’s local HR department will validate the request and send it to the BNP ERE account holder.

Once the employee’s request has been validated by Legrand, BNPP ERE will proceed with the sale of the employee’s assets, and in return will make a bank transfer of the proceeds of this sale in euros to the employee’s account or to the company’s account, depending on the option chosen by the company.

Please note: in some countries (particularly where deductions are made at source), the local employer may first receive the amount and then transfer it to the employee’s bank account.