Charenton-le-Pont, France (November 29, 2021 – 6:00 pm) – The purpose of this offer is to further involve the group’s employees in its development by allowing them to become shareholders of EssilorLuxottica.

At the Extraordinary General Meeting of May 21, 2021, shareholders of EssilorLuxottica (“EssilorLuxottica”) authorized the Board of Directors, within a 26-month period, to issue shares reserved for employees participating in an employee stock ownership plan, with new shares representing up to 0.5% of the total capital stock (Resolution 18).

The Board of Directors decided the principle to issue up to 380,000 common shares reserved for participants in the EssilorLuxottica Group’s employee stock ownership plans and delegated to the Chief Executive Officer and the Deputy Chief Executive Officer the powers to implement the transaction. The subscription price has been set up at € 147.628 per share, this being the average of the opening prices over the 20 trading days preceding November 24, 2021, to which a 20% discount has been applied.

The shares can be subscribed through the FCPE (Fonds Commun de Placement d’Entreprise) “FCPE ACTIONNARIAT ESSILORLUXOTTICA RELAIS 2021”. This FCPE has been valued since January 4, 2021, the start date of the subscription period for the employees of the group’s eligible French companies. The closing date of the subscription period is scheduled for December 10, 2021. The voting rights pertaining to such shares will be exercised by the employee shareholders individually holding FCPE units.

The new shares will carry dividend rights from January 1st, 2021. The actual number of shares issued will be announced on December 17, 2021, after which EssilorLuxottica will apply for the new shares to be listed on Euronext Paris.

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Capital Increase Reserved for Employees of French companies participants in the employee stock ownership plans