After this offer is completed, in December 2024, you will hold units in the “Renaulution International Relais 2024” FCPE, which itself will hold Renault SA shares.
You invest an amount in euros, and the “Renaulution International Relais 2024” FCPE acquires Renault SA shares on your behalf. In return, you receive a number of units in the FCPE proportional to your investment (subject to applicable tax charges). Consequently, you will become an indirect Renault Group shareholder.
The “Renaulution International Relais 2024” FCPE will merge with the “Share Original” sub-fund of the “Renault International” FCPE following a decision by the fund’s Supervisory Board and subject to AMF approval in France.
You will then hold units in the “Renault International” FCPE.
As the “Renault International” FCPE is invested almost entirely in Renault SA shares, the value of your assets will follow the Renault SA share price. The daily value of the FCPE’s unit will follow its closing price.
As long as you hold units in the “Renault International” FCPE, you will receive any dividends decided by the General Meeting of Shareholders.
These dividends correspond to a portion of the Group’s net income that is distributed to shareholders and automatically reinvested in the “Renault International” FCPE, free of charge, thereby increasing the number of units you hold. These dividends may be subject to social and/or tax charges. For more information, please refer to the “Country supplement” available in the documentation.
Tax and social charges are likely to apply to the discount and employer contributions, including the unilateral employer contribution.
We recommend that you consult the “Country Supplement”, which can be downloaded from this site, documentation, to find out about the taxation of the operation and your possible reporting obligations.
At the end of the lock-in period, on July 1st, 2029, your shares become available.
You can then choose to either:
Your investment (gross amount in euros)
Assumed reference price: €50
Assumed acquisition price (reference price – 30% discount): €35
The example below does not take into account the impact of any tax and social charges or, where applicable, the impact of the variation in the applicable exchange rate. We recommend that you consult the “Country Supplement”, which can be downloaded from this site, documentation section, to find out about the taxation of the operation and your possible reporting obligations.
1/ Renault Group makes a unilateral contribution, offering you 7 shares (invested in the form of FCPE units) with an equivalent value of €350 based on the €50 reference price (i.e. 7 x €50).
2/ You invest €105, enabling you to buy the equivalent of 3 shares (in the form of FCPE units) at a discounted price (i.e. 3 x €35) with an equivalent value of €150 based on the reference price.
3/ You receive an additional contribution amounting to 300% of your investment, for the first 2 shares acquired, corresponding here to 6 shares invested in FCPE units (i.e. 300% x €70 = €210 equivalent to 6 shares purchased at a discounted price of €35) with a value equivalent to €300 based on the reference price.
You also benefit from an additional contribution of 100% of your investment for the 3rd share acquired, corresponding to 1 share (i.e. 100% x €35 = €35 equivalent to 1 share purchased at a discounted price of €35 ), with a value equivalent to €50 on the basis of the reference price.
4/ For a total investment of €105, you will receive 17 shares invested in the form of FCPE units (the unilateral contribution of 7 shares + 3 shares purchased at a discounted price + the additional contribution of 7 shares), with an equivalent value of €850 based on the reference price.
The total value of your assets maturing on June 30, 2029 depends on the Renault SA share’s performance.
| Assumed performance of the Renault share price as at June 30, 2029 compared with the reference price of €50 in 2024 | Share value at maturity, as at June 30, 2029* | Value of your assets at maturity as at June 30, 2029* |
| 70% fall | €15 | €255 |
| 50% fall | €25 | €425 |
| 20% fall | €40 | €680 |
| Stable | €50 | €850 |
| 20% rise | €60 | €1.020 |
| 50% rise | €75 | €1.275 |
| 70% rise | €85 | €1.445 |
If the Renault SA share price falls sharply as at June 30, 2029, you may lose some or all of the value of your investment (including contributions).
You can access the simulator in the website’s Simulate section, enabling you to: