LEGRAND / 2018 Registration document
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APPENDIX APPENDIX 1
6.3
CHANGES IN EQUITY
December 31, 2018
(in € thousands)
Equity at the beginning of the period before appropriation of profit
2,182,070
Movements for the year after appropriation: W Share capital
2,758
W Additional paid-in capital
10,412
W Reserves and retained earnings W Non-distributable reserves W Dividends paid*
(336,819)
W Untaxed provisions and government grants W Profit for the period
227,535
W Other
EQUITY AT THE END OF THE PERIOD BEFORE APPROPRIATION OF PROFIT
2,085,956
*
The dividend was distributed by reducing: W distributable earnings in an amount of €247,932 thousand representing €0.929 per share; and W premium account in an amount of €88,887 thousand representing €0.331 per share.
The General Meeting of Shareholders held on May 30, 2018 approved the payment of a total dividend of €336,819 thousand representing €1.26 per share.
6.4
PERFORMANCE SHARE PLANS AND STOCK OPTION PLANS
6.4.1 2015 to 2018 Performance share plans The following performance share plans were also approved by the Company’s Board of Directors:
2015 Plan
2016 Plan
2017 Plan
2018 Plan
Date approved by shareholders
May 24, 2013 May 29, 2015
May 24, 2013 May 27, 2016
May 27, 2016 May 31, 2017
May 27, 2016 May 30, 2018
Grant date
498,323 (1)
487,532 (1)
518,900 (1)
Total number of performance share rights initially granted
390,866 (1)
o/w to Executive Director
14,659 (1)
15,361 (1)
12,388 (1)
19,366 (1)
W Gilles Schnepp
14,659
15,361
12,388
0
W Benoît Coquart
NA
NA
NA
19,366
June 15, 2021 (2) June 15, 2022 (3) June 15, 2023 (2) June 15, 2022 (1)
End of vesting period
June 17, 2019
June 17, 2020
June 17, 2021
End of lock-up period
June 17, 2019
June 17, 2020
June 17, 2021
Number of performance shares acquired as of December 31, 2018 Number of performance share rights cancelled, forfeited or adjusted PERFORMANCE SHARE RIGHTS OUTSTANDING AS OF DECEMBER 31, 2018
0
0
0
0
(19,078)
(15,961)
(2,692)
(56,530) (4)
334,336
479,245
471,571
516,208
(1) Given the dividend distribution features approved at the General Meetings of Shareholders on May 29, 2015, on May 27, 2016, on May 31, 2017 and on May 30, 2018 the number of remaining performance shares was adjusted to take into account the impact of these transactions on the interests of performance share beneficiaries in accordance with article L. 228-99 of the French Commercial Code. Moreover, the number of performance shares has been reduced following the Executive Director’s decision to waive part of his entitlement to performance shares granted under the 2015 and 2016 plans. (2) Date applicable to the executive officer and members of the Executive Committee
(3) Date applicable to beneficiaries other than the executive officer and members of the Executive Committee. (4) Including the number of performance shares adjusted for the performance criteria fulfillment at 90.8%
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LEGRAND
REGISTRATION DOCUMENT 2018
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