BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

Estimated fair value of shares granted and impact on the income statement

Plans’ unit fair value (in euros)

Expense/(income) booked in income statement (in thousand euros)

Grant date

Main grant

Secondary grant

December 31, 2017

December 31, 2018

May 19, 2005 Dec. 14, 2005 Dec. 13, 2006 Dec. 11, 2007 Feb. 10, 2009 Feb. 16, 2010 Feb. 15, 2011 Feb. 14, 2012 Feb. 12, 2013 Feb. 11, 2014 Feb. 10, 2015 May 18, 2016 Feb. 10, 2017 May 16, 2018

40.51 48.09 50.67 44.99 36.10 47.17 58.83 64.81 87.99 77.82

38.00 45.10 46.77 40.71 32.34

- - - - - - - - -

- - - - - - - - - -

N/A N/A N/A N/A N/A N/A N/A N/A N/A

236 735

114.61 113.52 109.05

323

2,215 3,069

1,902 2,427 2,067 6,718

76.78

-

TOTAL

6,255

The fair value of the free shares is the share price at the grant date discounted by the present value of potential future dividends.

replace the stock option programs rewarding staff selected by Management and key contributors during the year. For plans nos. F1, F2, F3, F4, F5, F6 and F7, the shares are delivered by SOCIÉTÉ BIC at the definitive grant date, whether the beneficiaries are French or foreign country tax residents. French tax residents must hold the shares for an additional period of two years for Plans F1 to F4. From Plan F5, this holding period has been eliminated. These plans provide for the allocation of existing shares.

22-3

Free share allocations without performance conditions

From 2012, as recommended by the Compensation and Nomination Committee, the Board of Directors decided to set up a policy of free share grants without performance conditions, to

Plan no. F1 Plan no. F2 Plan no. F3 Plan no. F4 Plan no. F5 Plan no. F6 Plan no. F7

May 12, 2010 Feb. 14, 2012

May 12, 2010 Feb. 12, 2013

May 15, 2013 Feb. 11, 2014

May 15, 2013 Feb. 10, 2015

May 18, 2016 May 18, 2016

May 18, 2016 Feb. 10, 2017

May 16, 2018 May 16, 2018

Annual Shareholders’ Meeting date

Board of Directors’ Meeting date

Number of beneficiaries

223

233

243

258

258

271

244

Number of free shares granted

20,050

19,950

19,700

21,700

20,750

17,100

30,500

Feb. 14, 2016

Feb. 12, 2017

Feb. 11, 2018

Feb. 10, 2019

May 18, 2020

March 31, 2020

May 16, 2021 

Definitive grant date

Number of free share grants definitively acquired at December 31, 2018 Total number of void free share grants at December 31, 2018* Total number of free share grants still vesting at December 31, 2018

16,600

16,250

-

-

-

-

-

3,450

3,700

3,150

2,700

1,750

50

150

-

-

16,550

19,000

19,000

17,050

30,350

These free share grants are void due to beneficiaries leaving the Company. *

234

• BIC GROUP - 2018 REGISTRATION DOCUMENT •