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FINANCIAL INFORMATION
4.4 2016 Financial statements
4
241
Registration Document 2016 — Capgemini
The main features of these plans are set out in the tables 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
1.50%
1.50%
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
and second calendar years following
At the end of the first
the grant date
At the end of the first
grant date
and second years following the
Vesting period
countries)
the grant date (other
the grant date (France) or
2 years and ½ month as from
4 years and ½ month as from
grant date (France) or 4 years
2 years and 1 week as from the
date (other countries)
and 1 week as from the grant
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
■
Year
Year
Pricing model used to calculate the fair value of shares
with external (market) conditions
Monte Carlo for performance shares
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
of shares previously granted, subject to conditions
that may vest under the plan in respect
(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
(presence only)
that may vest under the plan in respect of shares previously
granted, subject to conditions
(2)
499,500
(2)
663,900
Diluted weighted average number of shares
510,500
688,700
Share price at the grant date (in euros)
33.15
36.53