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E
Financial
E.4
Consolidated financial statements
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170
Free shares plans
In July 2016, the Group implemented a new free shares plan detailed as follows:
Vesting Date
26
July
2019
Number of shares granted
947,884
Share price at grant date
(€)
86.05
Expected life
3 years
Lock-up period
-
Risk free interest rate
(%)
-0,047
Borrowing-lending spread
(%)
4.0
Expected dividend yield
(%)
1.2
Expected employee turnover
5% per year
Fair value of the instrument
(€)
83.00
Expense recognized in 2016
(in € million)
6.2
following:
The total expense within the heading “other operating income and expense” relating to free share plans during the year was the
(In € million)
December
31, 2016
12months ended
December
31, 2015
12months ended
Plans 2016
6.2
-
Plans 2015
11.0
4.6
Plans 2014
14.9
9.0
Plans 2013
4.3
10.9
Plan 2012
-
0.1
Plan 2011
0.3
1.5
TOTAL
36.7
26.1
The change in outstanding share options for
Atos SE
during the period was the following:
2016
12months endedDecember
31,
12months ended December
31, 2015
shares
Number of
price
(in €)
average strike
Weighted
shares
Number of
Weighted
price
(in €)
average strike
Outstanding at the beginning of the year
1,294,524
40.0 2,806,747
39.5
Exercised during the year
-496,607
35.1 -1,399,483
40.7
Expired during the year
-149,288
60.0
-112,740
50.0
Outstanding at the end of the year
648,629
34.1 1,294,524
40
below year-end stock price*
Exercisable at the end of the year,
648,629
34.1 1,294,524
40
Year-end stock price: € 100.25 at December 31, 2016 and € 77.40 at December 31, 2015.
*
Such options are fully vested.
Atos SE options outstanding at the end of the year have a weighted average remaining contractual life of 2.3 years (2015: 2.8 years).
Employee share purchase plans
Employee Share Purchase Plan “SPRINT” 2016 (Atos)
share option plan called Sprint detailed as follows:
In December 2016, the Group implemented a new employee
attribution of free shares for the first 3 subscribed shares.
20% discount with a five-year lock-up period restriction and the
new plan offered eligible employees the purchase of shares at a
SPRINT 2016 was open to employees throughout the Group. This
20% discount application).
294,965 shares at a reference share price of € 95.00 (before the
As a consequence of the SPRINT 2016 plan, the Group issued
The cost related to SPRINT 2016 takes into account the effect of
following parameters:
the five-year lock-up period restriction calculated based on the
risk free interest rate: 0.11%;
•
borrowing-lending spread: 5.0%.
•