Assystem - Registration Document 2016

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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
FREE SHARE AWARDS WITH OR WITHOUT PERFORMANCE CONDITIONS
2011 plan 2011 plan 2012 plan 2012 plan 2014 plan 2015 plan 2016 plan 2016 plan
Number of
free shares
Number of
performance
shares
Number of
free shares
Number of
performance
shares
Number of
free shares
Number of
free shares
Number of
free shares
Number of
performance
shares
Outstanding at
1 January 2015 2,500 22,270 1,000 49,780 17,000 – – –
Shares awarded
during the year – – – – – 2,500 – –
Shares not awarded
due to non-achievement
of performance conditions – – – – – – – –
Shares forfeited
during the year – – – – – – – –
Shares delivered
during the year (2,500) (2,620) (1,000) (49,780) – – – –
Outstanding at
31 December 2015 – 19,650 – – 17,000 2,500 – –
Shares awarded
during the year – – – – – – 7,000 300,300
Shares not awarded
due to non-achievement
of performance conditions – – – – – – – –
Shares forfeited
during the year – (2,620) – – – – – –
Shares delivered
during the year – (17,030) – – (13,500) – – –
Outstanding at
31 December 2016 – – – – 3,500 2,500 7,000 300,300
Year of vesting* – – – – 2018 2017 2018 2020
* The year of vesting varies depending on the beneficiaries’ country of residence.
FAIR VALUE OF FREE SHARES AWARDED WITH OR WITHOUT PERFORMANCE CONDITIONS
2016 2015
Weighted average fair value of free shares awarded during the year (in euros per share) 21.68 19.40
On 4 July 2016, Assystem’s Board of Directors used the authorisation
given by its shareholders at the 24 May 2016 Annual General Meeting
to grant an aggregate 300,300 performance shares to employees
and officers of the Company. The vesting period for the shares ends in
April 2020 and they will only be definitively allocated if the beneficiaries
still form part of the Group on the vesting date and if the applicable
performance conditions have been met.
RELATED-PARTY INFORMATION
Remuneration and benefits granted to executive directors:
In millions of euros 2016 2015
Salaries and other short-term benefits* (1.2) (0.7)
Directors’ fees (0.2) (0.1)
Share-based payments – (0.2)
Total (1.4) (1.0)
* This corresponds to the direct remuneration (including payroll taxes) paid to the members of the Board of Directors in their capacity as executive directors.
ASSYSTEM REGISTRATION DOCUMENT 2016 101