17 Feb 2015
YES: time is running out!
The 2015 enrollment campaign for YES (Your Employee Shares), the Group’s long-term stock ownership plan, has just entered its last week. Friday, February 20th will be the final date to confirm last year’s subscription or enrol for the first time in the Plan.
What are you waiting for? If you want to grasp the opportunity to buy Prysmian shares at a special employee rate and own part of the company you are working for, you should hurry. UK, which has already closed the subscription period, over performed with respect to 2014 with 32% of subscribing employees. The following are the up-to-date subscription results in some of the Group countries included in the Plan: Russia 7%, USA 10%, Prysmian Power Link 26%, China 30% and HQ 38%. There is still a lot of room, who will win this special championship?
In addition, after last–week’s good news about Prysmian shares in the Equita Sim, Intermonte and Naxitis investment banks’ reports, the international financial services group Credit Suisse has also published a report raising the target price of Prysmian Group shares to €18 from the previous €17. According to Cristina Bifulco, Prysmian Group Investor Relations Director, “Prysmian is expected to be amongst the 2015 top-performing stocks. Our company is perceived as one of the best managed in the capital goods sector and the best-in-class among its peers, and I believe that the current year will confirm and strengthen this view.”
Through this year’s campaign, which opens up the Plan to 28 countries* and 19,000 Group employees, we have the opportunity of rising the 32% subscription result achieved last year. YES provides the opportunity to buy Prysmian shares at a discount of up to 25%** on market price (or 1% discount in the case of top management). The Plan is structured in three annual tranches, with a total of 500,000 treasury shares earmarked to serve the discounted purchases, as well as the initial bonus of 6 free shares.
If you want to enrol in the Plan, contact your local YES Ambassador now. The local Ambassadors are immediately available to provide support and all the necessary details and information.
It’s your last chance to Say YES!
Come on board or confirm your decision NOW!
[*] the Group countries not included in the Plan are Argentina, Indonesia, Ivory Coast, New Zealand, Philippines and Tunisia, due to their respective local legislations.
[**] these figures may vary according to specific local modifications required for Plan implementation.