Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

SHARE-BASED PAYMENT

NOTE 26

Free share awards with or without performance conditions

2011 plan (1)

2011 plan (2)

2012 plan (3)

2012 plan (4)

2012 plan (5)

2014 plan (6)

2014 plan (7)

2014 plan (8)

2014 plan (9)

2015 plan (10)

Award date

13/04/2011 29/11/2011 13/03/2012 13/03/2012 07/11/2012 24/03/2014 12/05/2014 22/05/2014 07/07/2014 29/04/2015 13/04/2015 31/03/2016 13/03/2017 13/03/2017 07/11/2016 24/03/2018 12/05/2018 22/05/2018 07/07/2018 29/04/2018

End of lock-up period

Number of performance shares

Number of performance shares

Number of free shares

Number of free shares

Number of free shares

Number of free shares

Number of free shares

Number of free shares

Number of free shares

Number of free shares

Outstanding at 1 January 2014 Shares awarded during the year Shares not awarded due to non-achievement of performance conditions Shares forfeited during the year Shares delivered during the year Outstanding at 31 December 2014 Share price at delivery date for shares delivered during the year Shares awarded during the year Shares not awarded due to non-achievement of performance conditions Shares forfeited during the year Shares delivered during the year

2,500 107,400 49,780 1,000 40,636

– –

–

–

–

–

–

–

–

–

–

9,000 6,000

500 1,500

– (13,224)

– – –

– –

–

– – –

– – –

– – –

– – –

– – – –

–

(3,027)

(3,235)

– (68,879)

– (37,401)

2,500 22,270 49,780 1,000

–

9,000 6,000

500 1,500

€22.25 Price at delivery date

€16.02 Price at delivery date

– –

– –

– –

– –

– –

– –

– –

–

–

–

2,500

– –

– –

– –

– –

– – –

– – –

– – –

– – –

– – –

– – –

(2,500)

(2,620)

(49,780)

(1,000)

OUTSTANDING AT 31 DECEMBER 2015

– 19,650

–

–

–

9,000 6,000 500 1,500 2,500

€19.86 Price at delivery date

€17.37 Price at delivery date

€19.87 Price at delivery date

€19.87 Price at delivery date

Share price at delivery date for shares delivered during the year

– – (1) Awards decided by the Management Board on 13 April 2011 using the shareholder authorisation given at the Extraordinary General Meeting of 15 May 2008. The vesting period is either two or four years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. If beneficiaries opt for the two-year vesting period then this is followed by a two-year lock-up period. (2) Awards decided by the Management Board on 29 November 2011 using the shareholder authorisation given at the Extraordinary General Meeting of 5 May 2010. The vesting period is either two years and four months or four years and four months from the award date. Awarded shares will vest in successive tranches of one third, provided that (i) the beneficiary still forms part of the Group at the end of the vesting period and (ii) the annual performance targets relating to operating profit have been reached, except for the first one-third tranche. If the beneficiary opts for the vesting period of two years and four months then this is followed by a two-year lock-up period. (3) Awards decided by the Management Board on 13 March 2012 using the shareholder authorisation given at the Extraordinary General Meeting of 5 May 2010. The vesting period is three years from the award date. Awarded shares will vest in successive tranches of one third, provided that (i) the beneficiary still forms part of the Group at the end of the vesting period and (ii) the annual performance targets relating to consolidated operating margin have been reached, except for the first one-third tranche. A two-year lock-up period applies after the vesting period. (4) Awards decided by the Management Board on 13 March 2012 using the shareholder authorisation given at the Extraordinary General Meeting of 5 May 2010. The vesting period is three years from the award date. Awarded shares will vest in successive tranches of one third, provided that the beneficiary still forms part of the Group at the end of the vesting period. A two-year lock-up period applies after the vesting period. (5) Awards decided by the Management Board on 7 November 2012 using the shareholder authorisation given at the Extraordinary General Meeting of 5 May 2010. These awards were made in connection with the three-year company agreement signed by the Group’s subsidiary Assystem EOS regarding the profit sharing premium system introduced in the French Act of 28 July 2011. The vesting period is two years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. A two-year lock-up period applies after the vesting period. (6) Awards decided by the Management Board on 24 March 2014 following the decision of the Supervisory Board on 10 March 2014 to reduce the performance share entitlement of certain beneficiaries under the 13 March 2012 free share award plan. The vesting period is either two or four years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. If beneficiaries opt for the two-year vesting period then this is followed by a two-year lock-up period. (7) Awards decided by the Management Board on 12 May 2014 following the decision of the Supervisory Board on 10 March 2014 to reduce the performance share entitlement of certain beneficiaries under the 13 March 2012 free share award plan. The vesting period is either two or four years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. If beneficiaries opt for the two-year vesting period then this is followed by a two-year lock-up period. (8) Awards decided by the Board of Directors on 22 May 2014 using the shareholder authorisation given at the Annual General Meeting of 22 May 2014. The vesting period is either two or four years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. If beneficiaries opt for the two-year vesting period then this is followed by a two-year lock-up period. (9) Awards decided by the Board of Directors on 7 July 2014 using the shareholder authorisation give at the Annual General Meeting of 22 May 2014. The vesting period is either two or four years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. If beneficiaries opt for the two-year vesting period then this is followed by a two-year lock-up period. (10) Awards decided by the Board of Directors on 29 April 2015 using the shareholder authorisation give at the Annual General Meeting of 22 May 2014. The vesting period is two years from the award date. Full vesting is subject to the beneficiary forming part of the Group during the entire vesting period. A two-year lock-up period applies after the vesting period. – – – –

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ASSYSTEM

FINANCIAL REPORT 2015