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REPORTS OF THE BOARD OF DIRECTORS
8
SPECIAL REPORT ON AWARDS OF FREE SHARES AND PERFORMANCE SHARES
8.3
SPECIAL REPORT ON AWARDS OF FREE SHARES
AND PERFORMANCE SHARES
8.3.1
FREE SHARE AND PERFORMANCE SHARE
AWARDS (ARTICLE L. 225-197-4 OF
THE FRENCH COMMERCIAL CODE)
Annual General Meeting of 16 May 2017
To the Shareholders,
In accordance with Article L. 225-197-4 of the French Commercial
Code, we hereby report to you on free share and performance share
awards made (i) to corporate officers and certain employees of
Assystem, and (ii) within Assystem’s subsidiaries.
8.3.2
FREE SHARE AND PERFORMANCE SHARE
AWARDS DECIDED BY THE COMPANY’S
MANAGEMENT BOARD
In the year ended 31 December 2011
During 2011, the Management Board used the authorisation granted
in the 15
th
resolution of the Annual General Meeting of 5 May 2010
as follows:
●
at its meeting on 13 April 2011, it awarded 20,500 performance
shares to certain Group employees;
●
at its meeting on 28 October 2011, it awarded 43,360 performance
shares to certain Group employees;
●
At its meeting on 29 November 2011, it awarded
108,900 performance shares to certain employees of Group
companies in France and abroad.
The vesting periods under the plans concerned ended on 14 April
2013, 29 October 2013 and 30 November 2013 respectively and
the applicable lock-up periods ended on 14 April 2015, 29 October
2015 and 31 March 2016 respectively.
In the year ended 31 December 2012
During 2011, the Management Board used the authorisation granted
in the 15
th
resolution of the Annual General Meeting of 5 May 2010
as follows:
●
at its meeting on 13 March 2012, it awarded 60,000 performance
shares to members of the Company’s Management Board (with the
exception of the Chairman). These shares vested after a period of
three years, subject to the beneficiaries still forming part of the Group
at that date and to the achievement of the applicable performance
conditions (with each condition accounting for one third of the vested
shares);
●
at its meeting on 13 March 2012, it awarded 1,000 free shares to
certain Group employees in France
(1)
;
●
at its meeting on 7 November 2012, it awarded 46,393 performance
shares to certain Group employees
(1)
.
The vesting periods under the plans concerned ended on 14 March
2015 and 8 November 2014 respectively and the applicable lock-up
periods ended on 8 November 2016 and 14 March 2017 respectively.
In the year ended 31 December 2013
No free shares or performance shares were awarded in 2013.
In the year ended 31 December 2014
During 2014, the Management Board used the authorisation granted
by shareholders in the 19
th
resolution of the Annual General Meeting
of 22 May 2013 as follows:
●
at its meeting on 24 March 2014, it awarded 9,000 free shares to
certain employees of Group companies in France
(1)
;
●
at its meeting on 12 May 2014, it awarded 6,000 free shares to
certain employees of Group companies in France
(1)
.
8.3.3
FREE SHARE AND PERFORMANCE SHARE
AWARDS DECIDED BY THE COMPANY’S
BOARD OF DIRECTORS
In the year ended 31 December 2014
During 2014, the Board of Directors used the authorisation granted by
shareholders in the 25
th
resolution of the Annual General Meeting of
22 May 2014 as follows:
●
at its meeting on 22 May 2014 meeting, it awarded 500 free shares
to certain employees of Group companies in France
(1)
;
●
at its meeting on 7 July 2014 meeting, it awarded 1,500 free shares
to certain employees of Group companies in France
(1)
.
The vesting periods under the plans concerned ended on 24 March,
12 May, 22 May and 7 July 2016 respectively and the applicable
lock-up periods end on 24 March, 12 May, 22 May and 7 July 2018.
In the year ended 31 December 2015
At its meeting on 29 April 2015, the Board of Directors used the
authorisation granted by shareholders in the 25
th
resolution of the Annual
General Meeting of 22 May 2014 to award 2,500 free shares to an
employee of a Spanish subsidiary of the Assystem Group
(1).
(1) The vesting of these shares was/is subject to the beneficiary still forming part of the Group at the vesting date.
ASSYSTEM
REGISTRATION DOCUMENT
2016
173