Ginger wins an award at the Grand Prix FAS de l’actionnariat-salarié
The Grand Prix FAS de l’actionnariat salarié (Employee Shareholder Awards), created in 2004 and organised by the Fédération Française des Associations d’Actionnaires Salariés et Anciens Salariés (FAS), the French Federation of Associations of Employee Shareholders and Former Employees, honours companies that develop best practice in the field of employee share schemes. At the ceremony on 12 December, Ginger was presented with the award for unlisted companies in LBOs by Agnès Pannier-Runacher, Secretary of State at the Ministry for the Economy and Finance.
Assisted by the Equalis Capital management company, Ginger laid the first stone of its employee share scheme in 2014, by opening a Company Employee Mutual Fund. After several capital-raising campaigns, a total of 370 employees and 70 managers joined the scheme, out of a total staff of 1,400 employees in France.
“At a time when sharing wealth is central to our national debate, it is important for the corporate world to tackle this issue. This is not only a means of getting employees to share in the fruits of their labour, but also a way of restoring meaning and value to a company,” said Philippe Margarit, Ginger Group Chairman.
Today, employees own 42% of the capital. This outcome stems from a desire to involve employees in the company’s economic results and help them to participate in value creation.
“An excellent entry that shows creativity in terms of the shareholding schemes on offer. A drive with a long-term outlook and representation of management on the ground. A set-up that enables good control of cash flow,” according to the Grand Prix FAS jury.