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          New share plan for the Generali Group Employees

          Following the success of We SHARE, the first share plan for Group employees launched in 2019, and in line with the Group’s 2022-2024 strategy focused on a culture of ownership and empowerment, Generali continues to invest in its people to ensure their direct involvement in achieving the objectives outlined in the new “Lifetime Partner 24: Driving Growth” strategy.

          Therefore, on April 29th, 2022, the Shareholders’ Meeting of Assicurazioni Generali approved with 98.8% of favorable votes the proposal to launch a new three-year share plan for Group employees that promotes a culture of ownership by fostering engagement towards the new strategic objectives and participation in sustainable value creation.

          The new share plan provides employees with the opportunity to purchase Generali shares at favorable conditions in the case of share price appreciation and achievement of the ESG decarbonization goal, linked to the reduction in emissions from Generali’s operating activities. At the same time, the new plan provides protection on the individual monetary amounts to be accumulated during the three years of the plan.

          The plan will be launched at the beginning of 2023 after the closure of the current We SHARE plan and will be addressed to employees who are part of Generali Group, except for members of the Group Management Committee (GMC), members of the Global Leadership Group (GLG) and those employees operating in countries or companies in which it will not be possible to implement the plan for legal, fiscal, or other specific reasons.

          START OF THE PLAN

          At the beginning of the plan, employees will have the opportunity to join, communicating the amount (“individual contribution”) they wish to allocate to purchase Assicurazioni Generali Shares at the end of the plan.

          The individual contribution chosen by each participant shall be in the range of a minimum of Euro 540 and a maximum of Euro 10,800 overall (or the equivalent in local currency).

          Based on the amount of the individual contribution, which will be confirmed after the enrolment period, the participants will receive the right (“options”) to purchase Assicurazioni Generali shares at the end of the plan at the price set at the beginning of the plan (“initial price”). The number of options to assign to each participant will be equal to the ratio between the individual contribution and the initial price.

          DURING THE PLAN

          The overall amount of the individual contribution will be accrued through monthly payroll deductions (therefore between a minimum of Euro 15 and a maximum of Euro 300 per month) and will be locked-up for the three-year duration of the plan.

          END OF THE PLAN

          At the end of the plan, the final price of the shares will be determined and, in the case of share price appreciation (final price equal or higher than initial price), participants will automatically purchase Generali shares at the initial price with the individual contribution set aside during the course of the plan and will receive free of charge additional Generali shares as follows:

          • “Dividend Equivalent” shares, in proportion to the dividends distributed in the three-year period
          • 2 “Matching” shares for every 10 shares purchased
          • 2 “ESG” shares for every 10 shares purchased, if the ESG goal is also achieved

          In the case of share price depreciation (final price lower than the initial price), the individual contribution will be returned to the participants (protection).

          END OF THE PLAN

          In the case of share price appreciation, each participant will be entitled to decide whether to sell all the shares and thereby receive the corresponding sum of money or to continue to hold the shares, except for the shares sold in order to allow the participants to pay the taxes due.

          Please refer to the Information Document below for additional details about the plan.

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          Share plan for Generali Group employees – Information document 748 kb  

          Click below to discover more about We SHARE, the first Share Plan for Generali Group Employees launched in 2019, which is going to end in October 2022.

          WE SHARE, SHARE PLAN FOR THE GENERALI GROUP EMPLOYEES

          WE SHARE, SHARE PLAN FOR THE GENERALI GROUP EMPLOYEES

          On September 17 2019 the Board of Directors of Assicurazioni Generali gave execution to the Share Plan for Generali Group employees, as approved by the Annual General Meeting of Assicurazioni Generali on May 7 2019.

          This is an important milestone for our Group, the first of its kind in the history of Generali. The plan promotes a culture of ownership by fostering empowerment, engagement towards the new strategic objectives and participation in sustainable value creation.

          The plan was launched in October 2019 and last three years providing Group employees with the opportunity to purchase Generali shares at favorable conditions receiving, in the case of share price appreciation, free shares in proportion to the shares purchased and to dividends distributed. At the same time, the plan provides protection on the individual monetary amounts to be accumulated during the three years of the plan.

          The plan is addressed to employees who are part of Generali Group, except for members of the Group Management Committee (GMC), members of the Global Leadership Group (GLG) and those employees operating in countries or companies in which it was not possible to implement the plan for legal, fiscal, or other specific reasons.

          START OF THE PLAN

          In October 2019, employees had the opportunity to join the plan, communicating the amount (“individual contribution”) they wished to allocate to purchase Assicurazioni Generali Shares at the end of the plan.

          Based on the amount of the individual contribution confirmed after the enrolment period, the participants received the right (“options”) to purchase Assicurazioni Generali shares at the end of the plan at the price set at the beginning of the plan (“initial price”). The number of options assigned to each participant was equal to the ratio between the individual contribution and the initial price.

          DURING THE PLAN

          The overall amount of the individual contribution is being accrued through monthly payroll deductions and remains unavailable for the three-year duration of the plan.

          END OF THE PLAN

          At the end of the plan, the final price of the shares will be determined and, in the case of share price appreciation (final price equal or higher than initial price), participants will automatically purchase Generali shares at the initial price with the individual contribution set aside during the course of the plan and will receive free of charge additional Generali shares as follows:

          • 1 “Matching” share every 3 shares purchased;
          •  “Dividend Equivalent” shares, in proportion to the dividends distributed in the three years period.


          In the case of share price depreciation (final price lower than the initial price), the individual contribution will be returned to the participants (protection).

          END OF THE PLAN

          In the case of share price appreciation, each participant will be entitled to decide whether to sell all the shares and thereby receive the corresponding sum of money or to continue to hold the shares, except for the shares sold in order to allow the participants to pay the taxes due.

          Please find below, for those countries where applicable laws require it, the information document with all details about the plan.