NEOPOST - 2018 Registration document
6
Financial statements
Consolidated financial statements
Outstanding shares 31/01/2018
Outstanding shares 31/01/2019
End of lock-up period date
Number of shares granted
Of which subject to conditions (a)
Shares granted
Shares delivered
Shares cancelled
Start date
25/03/2013
146,900 146,900
11,100
-
-
(11,100)
-
18/01/2018
24/03/2014
150,060 150,060
17,000
-
-
(11,250)
5,750 26/03/2019
01/07/2015
199,500 199,500
93,000
-
(2,412)
(73,372)
17,216 03/07/2020
01/07/2016
149,000 149,000 146,500
-
-
(24,000)
122,500
n/a
27/03/2017
246,700 246,700 246,000
-
-
(22,000)
224,000
n/a
28/06/2018 n/a Shares granted with performance conditions. Shares granted with performance conditions have a lock-up period of two years, versus three (a) years for other shares. The date of the end of the lock-up period is the later date. 226,600 226,600 - 226,600 - - 226,600
Changes in share-based payments valuation 9-4-4: Expenses recorded with respect to the profit-sharing, incentive plans and share-based payments are as follows:
31 January 2019
31 January 2018
31 January 2017
31 January 2016
31 January 2015
Free share granted valuation
0.7
(0.6)
0.4
1.9
3.3
9-5:
Long term incentives (phantom shares)
As regards to the ongoing plans, the liability is recognized when the phantom shares are attributed and the expense, spread out over the acquisition period (four years for 2015 and 2016 plans and three years for 2017 plan), represents the valuation of the number of phantom shares attributed
at the last share price before the end of financial year. At each closing date, the provision is revaluated based on the
last share price and the headcount variation.
No new phantom shares plans were set up since 1 February 2018.
Number of shares originally granted
Number of outstanding shares
Short term portion
31 January
31 January 2019
Long term portion
2018 Added
Used Non-used
January 2015 plan 67,000
-
0.5
0.2
(0.7)
(0.0)
-
-
-
July 2016 plan
147,600 128 350
0.8
0.4
-
(0.1)
1.1
0.6
0.5
March 2017 plan
98,020
74 420
0.2
0.3
-
(0.0)
0.5
-
0.5
Long term incentives
1.5
0.9 (0.7)
(0.1)
1.6
0.6
1.0
The January 2015 plan, for which the second vesting was paid in January 2019, was contingent upon the employee being on the Company’s payroll. The July 2016 and March 2017 plans are subject to the cumulative conditions of employee presence and Group performance.
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REGISTRATION DOCUMENT 2018 / NEOPOST
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