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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
194
Worldline
2016 Registration Document
New Stock option plans
stock options for a total of 241,000 options (of which 151,500
On May
25, 2016, and on August
16, 2016 the Group has granted was respectively at € 27.10 and € 27.35. The exercise price is at
options regarding a foreign plan). The share price at grant date
€
26.82.
May 25, 2016
August 16, 2016
Share price at grant date
(in €)
27.10
27.35
Strike price
(in €)
26.82
28.58
Expected volatility
21%
21%
Expected maturity of the plan
5 years
5 years
Risk free interest rate
-0.196%
-0.325%
Expected dividend yield
1.10%
1.10%
Fair value of options granted
(in €)
4.21
3.67
Expense recognized in 2016
(in € million)
0.2
0.0
The Group recognized a total expense of € 4.8 million on stock options detailed as follows:
Date of Grant
2016 Expense
(in € million)
Number of options
initially granted
September 1, 2015
2.7
1,558,500
September 3, 2014
1.9
1,527,220
May 25, 2016
0.2
196,000
August 16, 2016
0.0
45,000
Total
4.8
3,326,720
Free share plan 2016
In July
25, 2016, the Group has implemented a new free shares plan detailed as follows:
July 25, 2016
French plan
Foreign plan
Number of shares granted
229,250
133,000
Share price at grant date
(in €)
26.865
26.865
Expected Life
2 years
3 years
Lock-up period
1 year
-
Risk free interest rate
-0.047%
-0.047%
Borrowing-lending spread
4.0%
4.0%
Expected dividend yield
1.10%
1.10%
Fair value of shares granted
(in €)
25.14
25.99
Expense recognized in 2016
(in € million)
0.9
0.3
Employee Share Purchase Plan “Boost” 2015
In December
2015, a new Employee Share Purchase Plan called
Following the same pattern than the Boost 2014 plan, this new
“Boost” 2015 was open to employees throughout the Group.
plan offered to eligible employees the same characteristics:
Subscription price of shares including a 20% discount with a
●
five-year lock-up period restriction;
Attribution free shares for the first 20 subscribed shares.
●
is amounting to € 0.4 million.
20% discount application). As of December 31, 2016, the charge
139,322 shares at a reference share price of € 23.46 (before the
As a consequence of the Boost 2015 plan, the Group issued
the five-year lock-up period restriction calculated based on the
The cost related to Boost 2015 takes into account the effect of
following parameters:
Risk free interest rate: 0.3%;
●
Credit spread: 5.0%.
●
Employee Share Purchase Plan “Sprint” 2016
Purchase Plan called “Sprint” 2016. This plan was open to
In December
2016, Atos implemented a new Employee Share
employees throughout Atos group including Worldline
purchase of shares at a 20% discount with a five-year lock-up
employees. This new plan offered eligible employees the
subscribed shares.
period restriction and attribution of free shares for the first 3
employees from Worldline.
discount application) of which 26,127 Atos shares subscribed by
shares at a reference share price of € 95.00 (before the 20%
As a consequence of the “Sprint” 2016 plan, Atos issued 297, 939