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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
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Registration Document 2016 — Capgemini
A discount for non-transferability is also applied for the shares
granted in France.
is calculated assuming 100% realization and will be adjusted
where necessary in line with effective realization of this condition.
The fair value of shares subject to internal performance conditions
Free share plans
C)
Shareholders’ Meeting of May 23, 2013 gave the Board of
Directors an 18-month authorization to grant shares to certain
Following the grant performed in 2012, the Combined
the terms and conditions of the grant and the list of beneficiaries
were set by the Board of Directors Meeting of October 8, 2014.
Group employees, on one or several occasions subject only to a
condition of presence. This authorization was partially used and
The main features of these plans are set out in the table below:
2014 France Plan
Date of the Combined Shareholders’ Meeting
May 23, 2013
Maximum number of shares that may be granted
Directors’ decision
i.e.
a maximum of 1,595,495 shares, of
which a maximum of 15% granted without performance
1% of the share capital on the date of the Board of
conditions
Total number of shares granted
(1)
104,379
Date of the Board of Directors’ decision
October 8, 2014
Grant condition assessment date
Group at the vesting date)
Presence condition only (employee presence within the
Vesting period
2 years as from the grant date
(Democratic plan)
Mandatory lock-in period effective as from the vesting date
2 years
subject to presence conditions
Number of shares at December 31, 2015 that may vest under
this plan in respect of shares previously granted,
96,120
Number of shares subject to presence conditions granted during the year
-
Number of shares forfeited or canceled during the year
18,594
Number of shares vested during the year
77,526
subject to presence conditions
this plan in respect of shares previously granted,
Number of shares at December 31, 2016 that may vest under
-
Weighted average number of shares
67,429
Share price at the grant date (in euros)
€52.69
Main market conditions at the grant date
Risk-free interest rate
■
0.34%
Expected dividend rate
■
2.31%
Fair value in euros (per share)
€43.91
i.e. 6.5% of the total authorized maximum granted without performance conditions, pursuant to the resolution (authorization capped at 15% of the total).
(1)
enabling all employees of French companies with at least three
These transactions aim to develop employee share ownership by
shares than the highest paid employees.
salary (four categories), the lowest paid employees receiving more
share grant, with a differentiated share allocation based on annual
period. More than 20,000 employees were concerned by each
become Cap Gemini S.A. shareholders at the end of the vesting
months seniority at the grant date to receive shares and thereby
the profit-sharing bonus.
signature of a company-wide agreement, in respect of payment of
The Board of Director decisions were preceded each time by the
At the end of the vesting period, nearly 77,500 shares vested to
15,200 beneficiaries at the beginning of October 2016.
(BSAAR)
Redeemable share subscription or purchase
D)
Between July 23, 2009 and the date the warrants were admitted
and terminates on the seventh anniversary of the issue date.
BSAAR warrants on the Euronext Paris market on July 23, 2013
warrant). The exercise period commenced the date of listing of the
and corporate officers of the Group (at a price of €3.22 per
During 2009, 2,999,000 warrants were subscribed by employees
agreement. The issue was disclosed in a prospectus approved by
transferred except under the conditions specified in the issue
to trading on Euronext Paris, they could not be exercised or
the AMF on May 14, 2009 under reference number no. 09-140.