RUBIS_REGISTRATION_DOCUMENT_2017
FINANCIAL STATEMENTS 9 2017 separate financial statements, notes and other information
July 2017 equity line agreement with Crédit Agricole CIB and Société Générale In July 2017, the Group signed an equity line agreement with Crédit Agricole CIB and Société Générale for a period of 40 months, capped at 4,400,000 shares. This agreement did not give rise to the issue of any new shares in 2017.
The terms of the stock option and free share plans underway as of December 31, 2017 are shown in the tables below.
STOCK OPTIONS AS OF DECEMBER 31, 2017:
Outstanding as of 12/31/2016
Rights issued
Rights exercised (185,751) (185,751)
Rights canceled
Outstanding as of 12/31/2017
Date of the Board of Management meeting
July 9, 2012
185,833 185,833
(82) (82)
TOTAL
Outstanding options
Options eligible for exercise
Number of options
Expiration date
Exercise price (in euros)
Date of the Board of Management meeting
July 9, 2012
7/8/2017
36.48
TOTAL
BONUS SHARES Date of the Board of Management meeting
Rights exercised after 2-for-1 share split
Rights adjusted following 2-for-1 share split
Rights exercised before 2-for-1 share split
Outstanding before 2-for-1 share split
Rights issued
Rights canceled
Outstanding as of 12/31/2016
Outstanding as of 12/31/2017
July 9, 2012
3,093 5,101
(3,093) (5,101)
January 3, 2014 March 31, 2014
751
(751)
August 18, 2014
56,558
56,558
56,558
(104,368)
8,748
April 17, 2015
8,811
8,811
8,811
17,622 26,370
TOTAL
74,314
(8,945)
65,369
65,369
(104,368)
The vesting period for beneficiaries’ free shares is a minimum of 3 years from the date on which they are granted by the Board of Management. The conditions for granting free shares are set by the Board of Management.
PREFERRED SHARES Date of the Board of Management meeting
Rights adjusted following 2-for-1 share split
Of which preferred shares acquired but not yet converted into ordinary shares
Outstanding before 2-for-1 share split
Rights exercised
Rights canceled
Outstanding as of 12/31/2016
Rights issued
Outstanding as of 12/31/2017
September 2, 2015
1,442 1,932
1,442 1,932
1,442 1,932
2,884 3,864 1,932
2,740
July 11, 2016 March 13, 2017 July 19, 2017
966 374
966 374
966
374
TOTAL
3,374
1,340
4,714
4,340
9,054
2,740
Preferred shares will be converted into ordinary shares at the end of a retention or vesting period based on the extent to which the performance conditions have been achieved. 3.6 EXPENSES PAYABLE Accrued expenses totaled €2,750 thousand, breaking down as €174 thousand relating to suppliers, €226 thousand to accrued
interest, €1,220 thousand to tax and social security liabilities and €1,130 thousand to Top Management’s variable compensation. These expenses payable are operating expenses and financial expenses. All the liabilities recognized on the balance sheet are due in less than one year. As in 2016, trade payables recognized on the balance sheet, in a total amount of €222 thousand, all mature in less than 3 months.
3.7 ITEMS CONCERNING RELATED COMPANIES
12/31/2017
(in thousands of euros)
Receivables
202,893
Liabilities
2,258
2017 Registration Document I RUBIS
Income from investments
135,011
Net financial income
532
239
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