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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
189
Registration Document 2016 — Capgemini
The main features of these plans are set out in the table below:
2012 International Plan
2013 International Plan
Maximum number of shares that may be granted
2,426,555 shares
2,426,555 shares
% of share capital at the date of the Board of Directors’ decision
1.5%
1.5%
Total number of shares granted
(1)
1,003,500
(1)
1,209,100
Date of Board of Directors’ decision
December 12, 2012
February 20, 2013
Performance assessment dates
the grant date
At the end of the first
and second calendar years following
and second years following
the grant date
At the end of the first
Vesting period
and ½ month as from the grant
date (other countries)
2 years and ½ month as from the
grant date (France) or 4 years
and 1 week as from the grant
date (other countries)
2 years and 1 week as from the
grant date (France) or 4 years
Mandatory lock-in period effective as from the vesting date
(France only)
4 years
4 years
Main market conditions at the grant date
Volatility
■
25.80%
38.70%
Risk-free interest rate
■
0.35% -0.98%
0.59% -1.28%
Expected dividend rate
■
3.00%
3.00%
Other conditions
Performance conditions
■
Yes (see below)
Yes (see below)
Employee presence within the Group at the vesting date
■
Yes
Yes
Pricing model used to calculate the fair value of shares
Monte Carlo for performance shares
with external (market) conditions
Range of fair values (in euros)
Free shares (per share and in euros)
■
n/a
n/a
Performance shares (per share and in euros)
■
14.35 – 28.67
16.18 – 32.14
Of which corporate officers
16.18
18.12
Number of shares at December 31, 2015
that may vest under the plan in respect
of shares previously granted, subject to conditions
(performance and presence)
521,500
713,500
o/w to corporate officers
-
-
Change during the period
Number of shares subject to performance and/or presence
conditions granted during the year
-
-
o/w to corporate officers
-
-
Number of shares forfeited or canceled during the year
22,000
49,600
Number of shares vested during the year
-
-
Number of shares at December 31, 2016
that may vest under the plan in respect of shares previously
granted, subject to conditions
(presence only)
(2)
499,500
(2)
663,900
Weighted average number of shares
510,550
688,700
Share price at the grant date (in euros)
33.15
36.53