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FINANCIAL INFORMATION
4.4 2016 Financial statements
4
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Registration Document 2016 — Capgemini
The main features of this plan 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
1% of the share capital on the date of the Board of
Directors’ decision
i.e.
a maximum of 1,595,495 shares,
of which a maximum of 15% granted without performance
conditions
Total number of shares granted
(1)
104,379
Date of the Board of Directors’ decision
October 8, 2014
Grant condition assessment date
Presence condition only (employee presence within the
Group at the vesting date)
Vesting period
2 years as from the grant date
Mandatory lock-in period effective as from the vesting date
2 years
Number of shares at December 31, 2015 that may vest under this plan in
respect of shares previously granted, subject to presence conditions
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
Number of shares at December 31, 2016 that may vest under this plan in
respect of shares previously granted, subject to presence conditions
-
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)
salary (four categories), the lowest paid employees receiving more
shares than the highest paid employees.
These transactions aim to develop employee share ownership by
enabling all employees of French companies with at least three
period. More than 20,000 employees were concerned by each
share grant, with a differentiated share allocation based on annual
months seniority at the grant date to receive shares and thereby
become Cap Gemini S.A. shareholders at the end of the vesting
The Board of Director decisions were preceded each time by the
signature of a company-wide agreement, in respect of payment of
the profit-sharing bonus.
At the end of the vesting period, nearly 77,500 shares vested to
15,200 beneficiaries at the beginning of October 2016.