The AMMC approves L’Oréal’s capital increase reserved for the company’s employees.
Moroccan Capital Market Authority Approves L’Oréal Capital Increase Plan
On June 15, 2026, the Moroccan Capital Market Authority (AMMC) announced its approval of the information note related to a capital increase operation by the L’Oréal Group. This initiative is exclusively reserved for the company’s employees across its various subsidiaries worldwide.
This move aligns with L’Oréal’s strategy to enhance employee involvement in the company’s growth by providing them the opportunity to become shareholders.
Up to 300,000 Shares Offered to Employees
The plan includes the issuance of a maximum of 300,000 shares aimed at employees on an international scale, including those at L’Oréal Morocco, who are among the beneficiaries of this offer.
The subscription price has been set at €292.76 per share, roughly equivalent to 3,128.61 dirhams. In Morocco, the subscription period will run from June 16 to June 24, 2026, inclusive.
Framework Supported by Regulatory Documents
This capital increase is based on several informational and reference documents, including the Key Investor Information Documents (KIIDs) related to the employee savings funds “L’Oréal Employee Share Plan” and “L’Oréal Employee Share Plan Relais 2026,” along with their respective regulations.
The operation is also supported by the updated regulations of the employee shareholding program “P.I.A.S,” revised on April 7, 2026, as well as L’Oréal’s Universal Registration Document for 2025, submitted to the French Financial Market Authority in March 2026.
L’Oréal Continues Its Employee Shareholding Strategy
Through this latest initiative, L’Oréal reaffirms its commitment to further involving its employees in the company’s value creation. Such programs enable employees to participate directly in the company’s performance while strengthening their long-term commitment.
This approach also reflects the global cosmetics giant’s strategy to cultivate a robust employee shareholding framework within a rigorous and transparent regulatory environment, under the supervision of the relevant market authorities.
