Page 177 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

177
MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2013
(Expressed in thousand of euros)
21. SHARE-BASED PAYMENT PLAN
At December 31, 2013, as described below, the Group has three valid share option plans which it has granted to certain
employees.The last share option plan was approved in 2011.
All the approved plans that remain in effect have a three-year accrual period and the given strike price, and, if applicable,
are exercised through the delivery of the shares.
The most relevant assumptions used in the measurement are as follows:
2008 Plan 2009 Plan 2010 Plan 2011 Plan
Strike 7.13 5.21 7.00 5.83
Yield on the share (dividend yield) 10% 5% 5.5% 5.5%
Volatility 27.5% 30% 50% 37%
There were no new share option plans in 2013 and 2012.
The services received from employees in exchange for the share options granted are charged to the separate income
statement at fair value calculated on the date granted. An expense of 139 thousand euros was recognized for share
options in 2013 (2012: 1,222 thousand euros) (Note 23.2).
These share-based payment schemes in 2013 are shown in the following table:
Number
of options
Strike
price
Assignment
date From To
Options granted 572,325 7.13 2008 07/30/2011 07/29/2013
Options canceled (27,000) 7.13 2008
Options exercised (545,325) 7.13 2008
Plans outstanding at December 31, 2008 -
Options granted 319,163 5.21 2009 07//29/2012 07/28//2014
Options canceled (9,000) 5.21 2009
Options exercised (146,213) 5.21 2009
Plans outstanding at December 31, 2009 163,950
Options granted 1,297,650 7.00 2010 07/28//2013 07/27/2015
Options canceled (93,000) 7.00 2010
Options exercised (160,250) 7.00 2010
Plans outstanding at December 31, 2010 1,208,350
Options granted 673,225 5.83 2011 07/27/2014 07/26/2016
Options canceled (57,000) 5.83 2011
Plans outstanding at December 31, 2011 1,824,575