L'Oréal - 2018 Registration Document

6 Stock Market Information Share capital LONG-TERM INCENTIVE PLANS

Existing conditional grant of shares at 31 December 2018 6.4.3.4. Date of authorisation by the Extraordinary General Meeting 22.04.2015 20.04.2016

20.04.2016 20.04.2017

20.04.2016 17.04.2018

Date of grant by the Board of Directors Total number of shares conditionally granted Of which the ten employees other than executive officers granted the largest number of shares (1)

22.04.2015

20.04.2016

860,150

906,100

906,000

931,000

126,100

128,600

137,600

141,000

Number of beneficiaries Performance conditions

1,943

2,079

2,038

2,141

50% growth in comparable cosmetics sales compared to a panel of competitors (2) s 50% growth in the L’Oréal Group’s consolidated operating profit s

Date of final vesting for French tax residents at the date of grant Date of final vesting for non-French tax residents at the date of grant End of the holding period for French tax residents at the date of grant

22.04.2019

20.04.2020

20.04.2021

17.04.2022

22.04.2019

20.04.2020

20.04.2021

17.04.2022

22.04.2021

N/A

N/A

N/A

Employees who are not executive officers of L’Oréal or employees of companies included within the scope of the grant of shares. (1) The panel consists of the following companies: Unilever, Procter & Gamble, Estée Lauder, Shiseido, Beiersdorf, Johnson & Johnson, Henkel, LVMH, Kao and Coty. (2)

Shares definitively vested under the 6.4.3.5. 22 April 2015 ACAs plan

granted to them for those in excess of 200 shares. Indeed, the acquisition of the first 200 shares granted is not subject to the achievement of the performance conditions, except for the members of the Executive Committee, including the Chairman For information purposes, 32,000 shares were granted to the executive officer, under the Plan of 22 April 2015. After application of the performance conditions, 26,432 shares will finally be acquired by Mr. Jean-Paul Agon.

The Board of Directors Meeting on 7 February 2019 found that

82.6% of the performance conditions achieved during the and CEO. three years taken into consideration by the 22 April 2015 ACAS plan, namely 2016, 2017 and 2018. Accordingly, the beneficiaries who fulfil the conditions under the plan on 23 April 2019 and, in particular, the condition of presence in the Company, will receive 82.6% of the shares that were

TABLE MONITORING THE PERFORMANCE CONDITIONS OF THE ACAS PLAN OF 22 APRIL 2015

Average arithmetic mean of performance for the financial years 2016, 2017 and 2018

ACAs plan of 22 April 2015

2016

2017

2018

+1.8 point (+4.9%/+3.1%) +3.47% (4,387.7/4,539.9)

+0.4 point (+4.8%/+4.4%) +3.00% (4,539.9/4,676.3)

+1.2 point (+7.1%/+5.9%)

50% growth in comparable cosmetics sales compared to a panel of competitors*

+ 1.1 point

+5.25 % (4,676.3 / 4,922.0)

50% growth in the Group’s operating profit

3.91%

Panel of competitors: Unilever, Procter & Gamble, Estée Lauder, Shiseido, Beiersdorf, Johnson & Johnson, Henkel, LVMH, Kao and Coty. *

REGISTRATION DOCUMENT / L'ORÉAL 2018

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