Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

The fair values of the options were measured at the grant date using the Black-Scholes-Merton mathematical option pricing model. The table below shows the measurements along with the main assumptions used: General information Initial measurement assumption(sIFRS 2)

Estimated future dividendin %

Options outstanding Fair value Volatility

Vesting period

Plan Year granted

RFIR (1)

1,599,620 0.73

28% 4 years

2% 0.32% 2% 0.35% 2% 0.02% 2% 0.13%

2014

356,800 1.00 28% 4 years

2014

2015

85,000 90,000

1.65 1.08

30% 4 years 29% 4 years

2016

2017

2017

TISR: risk-free interest rate. (1)

Free share plan 15.3.1.2. In July 2020, the Board of Directors of Econocom implemented a new free share allocation plan for a total of allocation of 1,600,000 shares. Vesting may be subject to the achievement of individual and/or collective objectives, that may be internal and/or external to the Econocom group. As at 31 December 2020, 1,780,000 free shares hadnot been exercised.

Options are measured at fair value at the grant date in accordance with IFRS 2. Volatility is calculated by an actuary based on a four-year record of daily prices preceding the option grant date, in line with the maturityof the options. A detailed description of these stock option plans can be found in section 5.10 of the Management Report.

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2020 annual report