Registering your shares has no fiscal impact. The tax regime for registered shares is the same as for bearer shares. If you hold L’Oréal shares in a PEA (share savings plan) and wish to benefit from the advantages of registered shares, then managed registered shares are for you.
Yes, your registered shares can be disposed of at any time, just like bearer shares. You retain complete freedom to manage your shares.
The time required varies by financial institution. As a reminder, to benefit from the loyalty bonus from 2025, your shares must be converted to managed registered or directly registered by 31 December 2022. To ensure you meet the deadline, we suggest you send your registration order by 15 December 2022 at the latest.
Some financial institutions may charge you for transferring shares to directly registered form and we recommend that you ask your bank for information.
We remind you that L’Oréal will reimburse you any transfer costs for directly registered shares up to a maximum of €50. You simply have to send your request for reimbursement, together with proof of your transfer costs, and full bank details, to the following address:
BNP Paribas Securities Services
C.T.S. Émetteurs
Service Mouvements Titres
Grands Moulins de Pantin
9 rue du Débarcadère
93761 Pantin Cedex – France
When you register your shares or transfer them to registered form, please remember to provide your e-mail address, so we can send you invitations to our exclusive shareholder events.
L’Oréal has negotiated very competitive brokerage costs for you:
You can learn more at www.loreal‑finance.com, Shareholders section / Loyalty Bonus and Registered Shares. You will find all of the information you need, as well as the enrolment, transfer and purchase forms. You can also call 0 800 66 66 66 (toll free from a landline in France) or +33 1 40 14 80 50 (outside France).
