NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
i) Schedule of undiscounted payments
31/12/2020
31/12/2019
Post-employment defined-benefit plan
Post-employment defined-benefit plan
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of-career awards
End-of-career awards
(in millions of euros)
n+1 to n+5 n+6 to n+10 n+11 to n+15 n+16 to n+20
120
50 71 77 95
134 112 104 105 392 847
61 81 80
97 93 96
101 179 502
> n+20 TOTAL
344 750
156 448
Other share-based plans 11.2.4 Employee stock option plans under the Company employee savings plan
Plan
2014
2014
2015
2016
2018
Entity
Natixis
Coface
Natixis
Natixis
Natixis
12/06/2014
12/03/2015
10/03/2016
23/03/2018
Plan announcement date
14/03/2014
Plan maturity Reference price Subscription price Face value discount
5 years
5 years €10.40
5 years €6.618 €5.295 19.99%
5 years €4.094 €3.276 19.98%
5 years €6.252 €5.002 19.99%
€5.05 €4.04
€8.32
5
20.00%
20%
9,951,325
255,347 €2.1M 0.84% 0.16% 5.47% 21.30%
8,505,624
7,989,447
11,982,805
Number of shares subscribed
Total subscribed amount (in millions of euros)
€40.2M
€45M 0.14% 0.05% 4.45%
€26M 0.08%
€60M
Risk-free interest rate
0.84% 0.16% 5.47%
(0.15)%
Annual security borrowing rate (repos)
(0.12)%
0.05% 3.34%
Market participant’s borrowing rate (five years)
3.93%
Lock-up cost
21.28%
19.57%
19.43%
16.22%
For the record, there were no capital increases reserved for employees in 2019 or 2020. At December 31, 2019, Natixis recorded an expense of €2.3 million for the discount granted on subscription to employee stock options under the Company employee savings plan, measured taking into account thfeive-year lock-up period applicable to the issued securities.
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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