GECINA - REFERENCE DOCUMENT 2017
03
CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
PERFORMANCE SHARES
Number of shares advanced
Stock price when granted
Shares acquired in 2017
Shares canceled in 2017
Balance at 12/31/2016
Balance at 12/31/2017
Grant date
Vesting date 02/19/2018 04/21/2019 04/21/2019 07/20/2020
02/19/2015 04/21/2016 07/21/2016 07/17/2017
58,120 60,990
€116.45 €125.00 €128.65 €136.08
55,740 59,690
1,313 5,038
54,427 54,652
3,000
3,000
3,000
53,810
0
400
53,410
Note: the 138,440 Eurosic bonus shares (in acquisition or holding period) that could not or had not been contributed to the Offer were subject to a liquidity mechanism.
Compensation for administrative and governance bodies
3.5.9.6 Compensation for management bodies concerns Gecina’s corporate officers.
12/31/2016
12/31/2017
In €’000
Short-term benefits
1,390
3,095
Post-employment benefits
N.A. N.A. N.A. 300
N.A. N.A. N.A. N.A.
Long-term benefits
End-of-contract benefits (ceiling for 100% of criteria)
Share-based payment
Auditors’ Fees 3.5.9.7 The fees of the Independent Auditors recognized in the income statement for 2017 for the audit and certification of the individual and consolidated financial statements and for various audit-related missions amounted to:
Pricewaterhouse Coopers Audit
Mazars
Total
Amount (net of tax)*
Amount (net of tax)*
Amount (net of tax)*
%
%
%
2017
2016
2017
2016
2017
2016
2017
2016
2017
2016
2017
2016
In €’000
AUDIT Statutory Auditor certification, review of individual and consolidated accounts...
703 567 79% 82% 781 570 77% 82% 1,484 1,137 78% 82%
Services other than the certification of accounts
187 121 21% 18% 230 125 23% 18% 417 246 22% 18% 890 688 100% 100% 1,011 695 100% 100% 1,901 1,383 100% 100%
TOTAL
*
Including share of non-refundable VAT.
Services other than the certification of accounts were in 2017 predominantly comprised of services required under legal and regulatory provisions. They mainly include duties related to the Eurosic public tender offer (including the capital increase and bond issue) for €280 thousand and the certification of human resources, environmental and social information (€65 thousand).
The data in the table above includes the fees paid by Eurosic since its integration within the Gecina group (last four months of 2017): €131 thousand in certification fees (€7 thousand to PWC and €126 thousand to Mazars), and €13 thousand to Mazars in respect of services other than the certification of accounts.
Post-balance sheet events
3.5.9.8 None
106 GECINA - REFERENCE DOCUMENT 2017
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