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INFORMATION ABOUT THE COMPANY AND ITS SHARE CAPITAL
7
INFORMATION ABOUT THE SHARE CAPITAL
The AMF approved the Prospectus for the Odirnane bond issue under
no. 14–380 dated 9 July 2014.
Following a reverse bookbuilding process carried out between 26
and 27 September 2016, Assystem bought back 2,833,281 of the
Odirnane bonds, representing approximately 50.6% of the original
issue.
In order to treat all of the Odirnane bondholders equitably, the Company
then decided to launch a buyback process in France. The offer period
ran from 3 October to 7 October 2016 (inclusive) with an offer price
of €34.50 per bond (including accrued coupons), corresponding to
the same price as for the reverse bookbuilding process. A total of
2,274,766 Odirnane bonds were tendered to the buyback offer,
representing approximately 40.6% of the original issue.
The settlement-delivery date for the buybacks was 13 October 2016.
The total number of Odirnane bonds bought back by the Company
through the reverse bookbuilding and buyback processes amounted to
5,108,047, representing approximately 91.2% of the original issue.
Consequently, following these processes, 494,193 Odirnane bonds
remained outstanding, representing approximately 8.8% of the original
issue.
At 31 December 2016, a total of 490,268 Odirnane bonds remained
outstanding (
i.e.
8.75% of the original issue).
On 1 February 2017, Assystem announced that it intended to redeem in
advance of maturity all of its outstanding Odirnane bonds. All of these
bonds were redeemed in cash – with no Assystem shares allocated
to the bondholders – for a total amount of €14.35 million, including
accrued coupons, which was paid between end-February and 6 March
2017. Consequently, at the date this Registration Document was filed
there were no longer any Odirnane bonds outstanding.
For further information see Notes 2.7, 8 and 14 to the consolidated
financial statements in Chapter 6, Section 6.1 of this Registration
Document.
7.2.7
STOCK OPTIONS
No stock options were awarded in 2016.
7.2.8
FREE SHARE AND PERFORMANCE SHARE AWARDS
The Board of Directors awarded the following free shares and performance shares in 2016:
07/2016 plan
11/2016 plan
Date of AGM
24/05/2016 24/05/2016
Date of award (Board of Directors meeting)
04/07/2016 07/11/2016
Number of free shares or performance shares awarded
300,300
7,000
Number of beneficiaries
91
1
Vesting date
Tranche 1
Tranche 2
30/04/2017
30/04/2020 31/12/2018
End of lock-up period
30/04/2020 31/12/2018
Number of free shares or performance shares vested
0
0
Number of free shares or performance shares not yet vested
300,300
7,000
The table below provides a summary of the free share and performance share plans put in place by the Group (also see Note 5 in Chapter 6,
Section 6.1).
11/2011
plan
03/2012
plan
11/2012
plan
03/2014
plan
05/2014
plan
05/2014
plan
07/2014
plan
04/2015
plan
Date of AGM
05/05/2010
05/05/2010
05/05/2010 22/05/2013 22/05/2013 22/05/2014 22/05/2014 22/05/2014
Date of award
(Management Board
meeting)
29/11/2011
13/03/2012
07/11/2012 24/03/2014 12/05/2014 22/05/2014 07/07/2014 29/04/2015
Number of free shares
or performance shares
awarded
108,900 60,000
1,000
46,393
9,000*
6,000*
500*
1,500*
2,500*
Number of beneficiaries
57
5
1
2,006
2
1
1
3
1
Vesting date
31/03/2014 14/03/2015 13/03/2014 08/11/2014 24/03/2016 12/05/2016 22/05/2016 07/07/2018 29/04/2017
End of lock-up period 31/03/2016 14/03/2017 13/03/2016 08/11/2016 24/03/2018 12/05/2018 22/05/2018 07/07/2018 29/04/2019
Number of free shares or
performance shares vested 91,176
49,780
1,000
37,401
7,000
6,000
500
0
0
Number of free shares
or performance shares
not yet vested
0
0
0
0
2,000
0
0
1,500
2,500
* Share awards subject to a single condition, i.e. that the beneficiary still forms part of the Group at the vesting date.
ASSYSTEM
REGISTRATION DOCUMENT
2016
157