Case Study: LEO Pharma boosts employee ownership with J.P. Morgan Workplace Solutions

LEO Pharma - Customer Case Study

LEO Pharma, a pharmaceuticals company based in Ballerup, Denmark, set out to create a company-wide employee share purchase plan for a workforce that was 88% eligible and spread across more than 50 countries. The challenge was to make the plan work across different jurisdictions while giving employees everywhere the information and support needed to understand the offer and enroll easily.

Working with J.P. Morgan Workplace Solutions, LEO Pharma launched its ESPP in December 2021 and used a Phantom plan in countries where equity incentives were not permitted. The program included translated materials, local points of contact, online and in-person briefings, and a simple online registration process; by the end of December 2021, more than 43% of eligible employees had signed up and 2,322 had bought into the plan, helping LEO Pharma win joint recognition in the Best Plan Effectiveness (under 10,000 employees) category at the 2023 GEO Awards.

LEO Pharma

Wandunia Pontoppidan

Senior Director