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| June 25, 2007 04:36 PM EDT | Reads: |
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PARIS -- (MARKET WIRE) -- 06/25/07 -- Thomson launches a share plan for its employees around the world
- 23 000 employees eligible, in 22 countries
- 20 shares granted for each employee
- Objective: to associate employees to the Group's development and its 2007-2009 plan
Thomson's Board of Directors, chaired by Frank Dangeard, decided to implement the authorisation granted by the Shareholders' Meeting held on May 15, 2007, and launch a free share plan for the Group's employees. This plan covers the employees of the core activities of the Group, throughout the world, and will enable each of them to receive 20 shares.
This plan concerns 22 countries worldwide: in Europe (9 countries), the Americas (4 countries) and Asia Pacific (9 countries).
The plan provides for a share vesting period followed in most jurisdictions by a share holding period. These periods may vary according to the legal and tax provisions of each country. To become a shareholder, the eligible employee will have to fulfil continuous employment conditions within the Group during the vesting period.
This plan, which enables each employee to become a shareholder of Thomson, reflects the Group's intention to further align the interests of its employees with the Group's development and the implementation of its 2007-2009 plan. It will contribute as well to bring together employees from diverse origins and cultures within the Group, following the recent period of broad transformation.
About Thomson World leader in digital video technologies
Thomson (Euronext Paris: 18453; NYSE: TMS) provides technology, services, and systems to help its Media & Entertainment clients - content creators, content distributors and users of its technology - realize their business goals and optimize their performance in a rapidly changing technology environment. The Group is the preferred partner to the Media & Entertainment Industries through its Technicolor, Grass Valley, RCA, and Thomson brands. For more information: http://www.thomson.net.
This information is provided by CompanynewsGroup
Contacts:
Thomson Press Relations
Martine Esquirou
+33 1 41 86 58 51
martine.esquirou@thomson.net
Caroline Ponsi
+33 1 41 86 61 11
caroline.ponsi@thomson.net
Julie Dardelet
+33 1 41 86 65 24
julie.dardelet@thomson.net
Thomson Investor Relations
Marie Boidot
+33 1 41 86 51 00
marie.boidot@thomson.net
Laurent Sfaxi
+33 1 41 86 58 83
laurent.sfaxi@thomson.net
Published June 25, 2007 Reads 384
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