NEOPOST - 2018 Registration document

2

Corporate governance report

Remuneration of managers and directors

PERFORMANCE SHARES AVALAIBLE DURING THE YEAR TO EACH EXECUTIVE OFFICER TABLE # 7 AFEP-MEDEF CODE

Number of shares available during the financial year

Date of plan

Acquisition conditions

Denis Thiery – Chairman

01/07/2015

20,000 (a)

720 (b)

Geoffrey Godet – Chief Executive Officer

-

-

-

Shares available subject to meeting performance targets. (a) Shares issued during the financial year. (b)

HISTORY OF SHARE SUBSCRIPTION OR PURCHASE OPTIONS GRANTED TABLE # 8 AFEP-MEDEF CODE

Stock options Date of Annual General Meeting

05/07/2006 07/07/2009 07/07/2009 07/07/2009 07/07/2009

Date of Board meeting (start of exercise period)

03/07/2008 18/02/2009 12/01/2010 12/01/2011 12/01/2012 03/07/2018 18/02/2019 12/01/2020 12/01/2021 12/01/2022

Expiry date

Performance conditions

no

yes

yes

yes

yes

Initial number of options available for subscription or purchase including attributable under performance conditions Total of options adjusted that could be available for subscription or purchase (a) including available for subscription or purchase by Denis Thiery – Chairman including available for subscription or purchase by Geoffrey Godet – Chief Executive Officer

9,500 8,760

325,885 63,000

475,000 154,000

239,400 40,000

260,800 75,000

-

226,883

346,181

197,013

225,618

-

24,638

54,750

10,951

22,998

-

-

-

-

-

Initial subscription or purchase price (in euros) Adjusted subscription (a) or purchase price (in euros)

69.53 63.51

63.30 57.81 (602)

57.19 52.23

66.64 60.86

52.30 47.76

Total number of subscribed options

-

(27,172)

-

(9,000)

Adjusted (a) cumulated number of options for subscription or purchase of shares cancelled or nullified NUMBER OF SHARE SUBSCRIPTION OR PURCHASE OPTIONS OUTSTANDING AS AT 31 JANUARY 2019 including exercisable by Denis Thiery – Chairman including exercisable by Geoffrey Godet – Chief Executive Officer

(9,500)

(72,121)

(94,207)

(53,368)

(79,621)

- -

154,160

224,802

143,645

136,997

12,837

43,800

8,723

11,114

-

-

-

-

-

Adjusted value after the payment of dividends, partly paid from capital reserves. (a)

HISTORY OF PERFORMANCE SHARE GRANTED TABLE # 9 AFEP-MEDEF CODE

Performance shares Date of Annual General Meeting

04/07/2012 04/07/2012 01/07/2015 01/07/2016 01/07/2016 30/06/2017 25/03/2013 24/03/2014 01/07/2015 01/07/2016 27/03/2017 28/06/2018

Date of Board meeting Performance conditions

yes

yes

yes

yes

yes

yes

Total number of shares granted, including to

146,900 27,000

150,060 24,660

199,500 40,000

149,000 34,000

246,700 40,000

226,600

Denis Thiery – Chairman

-

Geoffrey Godet – Chief Executive Officer

-

-

-

-

-

40,000

Vesting date of shares 1 st vesting period

26/03/2015 25/03/2016 02/07/2017 02/07/2019 28/03/2020 28/03/2020

2 nd vesting period

26/03/2016 25/03/2017 02/07/2018

n/a

n/a

n/a

End date of the conversion period 1 st vesting period

27/03/2017 26/03/2018 03/07/2019 27/03/2018 26/03/2019 03/07/2020

n/a n/a

n/a n/a

n/a n/a

2 nd vesting period

Number of shares vested

4,440

-

10,104

-

-

-

Total number of shares cancelled or nullified NUMBER OF SHARES OUTSTANDING AT 31 JANUARY 2019

142,460

144,310

172,180

26,500

22,700

-

0

5,750 (a)

17,216 (b)

122,500 224,000 226,600

Shares related to international plans for which none will be delivered. (a) Shares related to international plans. (b)

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REGISTRATION DOCUMENT 2018 / NEOPOST