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 section.
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, in the documentation section, 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
Matching contribution and the discount are likely to be subject to social charges and/or taxes applied in your country. On the contributions, you will receive an equivalent net amount after deduction of a tax rate and/or flat-rate social charges of 30%. For more information, please refer to the “Country Supplement” accessible in the documentation section. If this rate is not sufficient to cover any tax or social charges due, the remaining balance may be deducted directly from your salary.
1/ Under the unilateral contribution, Renault Group offers you the equivalent of 7 shares (invested in FCPE units) with a value equivalent to €350 on the basis of the reference price of €50 (i.e. 7 x €50) . After applying the average tax rate of 30%, you will receive the equivalent of 4.9 shares.
2/ You invest €105, which allows you to buy the equivalent of 3 shares (invested in FCPE units) at a discounted price (i.e. 3 x €35) with a value equivalent to €150 on the reference price basis.
3/ You benefit from an additional contribution of 300% of your investment for the first 2 shares acquired, corresponding here to 6 gross shares. After applying the average tax rate, you will receive the equivalent of 4.2 shares.
You also benefit from an additional contribution of 100% of your investment for the 3rd share acquired, corresponding to 1 gross share. After applying the average tax rate, you will receive the equivalent of 0.7 shares.
4/ For a total investment on your part of €105, you will thus receive after application of the average tax rate: 4.9 + 3 + 4.2+ 0.7 = 12.8 shares, i.e. the equivalent of an amount of €640 at 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 (12,8 shares) at maturity as at June 30, 2029* |
| 70% fall | €15 | €192 |
| 50% fall | €25 | €320 |
| 20% fall | €40 | €512 |
| Stable | €50 | €640 |
| 20% rise | €60 | €768 |
| 50% rise | €75 | €960 |
| 70% rise | €85 | €1088 |
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: