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FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
17. SHARE-BASED PAYMENT SCHEMES
As of the date of preparation of these financial statements, the share option plans for which the conditions for their
being granted have been fulfilled are as follows:
2015
Number
of options
01/01/15
Additions Disposals
Number
of options
12/31/15
Granted to
employees of
the company
Granted to
employees of
the Group
Strike
price
Assignment
date
Strike term
From To
2010 share-based
payments plan
558,500
-
558,500
-
-
-
7.00€
28/07/10 28/07/13 27/07/15
2011 share-based
payments plan
444,450
-
156,500 287,950
203,150
84,800 5.83€
27/07/11 27/07/14 26/07/16
2014
Number
of options
01/01/14
Additions Disposals
Number
of options
12/31/14
Granted to
employees
of the
company
Granted to
employees of
the Group
Strike
price
Assignment
date
Strike term
From To
2009 share-based
payments plan
163,950
-
163,950
-
-
-
5.21€
7/29/09 7/29/12 7/28/14
2010 share-based
payments plan
1,044,400
-
485,900
558,500
465,500
93,000 7.00€
7/28/10 7/28/13 7/27/15
2011 share-based
payments plan
616,225
-
171,775
444,450
305,650
138,000 5.83€
7/27/11 7/27/14 7/26/16
The beneficiaries of these plans are directors and executive directors of Group companies.
During 2015 and 2014, no amounts were charged on the income statement related to these plans.
At December 31, 2015, as described below, the Company has one share option plan granted to certain employees.The
last share option plan was approved in 2011.
The approved plan that remain in effect has a three-year accrual period and a given strike price, and, if applicable, is
exercised through the delivery of the shares.
The most relevant assumptions used in the measurement are as follows:
2010 Plan 2011 Plan
Strike
7.00
5.83
Yield on the share (dividend yield)
5.5%
5.5%
Volatility
50%
37%