NEOPOST - 2018 Registration document

6

Financial statements

Neopost S.A. statements of financial position

Remuneration of corporate officers and non-executive Note 15 directors

Remuneration of corporate officers 15-1: SUMMARY OF THE REMUNERATION AND OPTIONS AND SHARES GRANTED TO CORPORATE OFFICERS

(In thousands of euros)

31 January 2019

31 January 2018

Denis Thiery – Chairman (a) Remunerations due for year

117.9

1,379.1

Valuation of multi-year variable remuneration granted during the year

-

-

Valuation of the options granted during the year (b)

-

-

-

517.7

Valuation of the performance shares granted during the year (b)

TOTAL

117.9

1,896.8

Geoffrey Godet –Chief Executive Officer (a) Remunerations due for year

1,234.1

-

Valuation of multi-year variable remuneration granted during the year

-

-

Valuation of the options granted during the year (b)

-

-

Valuation of the performance shares granted during the year (b)

369.3

-

TOTAL

1,603.4

-

Since 1 February 2018, Denis Thiery is no longer Chief Executive Officer, he remains Chairman of the Board of directors. (a) The amount shown is the total cost of allocations made during the year. (b)

Geoffrey Godet is paid a new position allowance of a maximum of 250,000 euros intended to compensate for expenses relating to settling in France, together with the loss of the benefits he would have enjoyed previously. This allowance is on the decision of the Board of directors ruling on the basis of justifications provided to the Company.

SUMMARY OF REMUNERATION PAID TO CORPORATE OFFICERS

31 January 2019

31 January 2018

(In thousands of euros)

Amounts due Amounts paid

Amounts due Amounts paid

Denis Thiery – Chairman Fixed remuneration

70.0

70.0

663.0

663.0

Annual variable remuneration (a)

-

598.3

663.0

562.1

Multi-annual variable remuneration

-

-

-

-

Directors’ fees

30.0

30.0

30.0

30.0

Benefits in kind (Company car, social guarantee for management team)

17.9

17.9

23.1

23.1

TOTAL

117.9

716.2

1,379.1

1,278.2

Geoffrey Godet – Chief Executive Officer Fixed remuneration (b)

603.3

603.3

-

-

Annual variable remuneration (a)

603.3

-

-

-

Multi-annual variable remuneration

-

-

-

-

Directors’ fees

15.0

15.0

-

-

Benefits in kind (Company car, social guarantee for management team)

12.5

12.5

-

-

TOTAL - The annual variable remuneration “due” corresponds to the bonus provisioned in Neopost S.A. and Mailroom Holding Inc. financial statement (a) at the end of the financial year while the annual variable remuneration "paid " correponds to the bonus paid relative to the previous year. The fixed remuneration remuneration is divided in two parts : 510,000 euros paid in France and 112,000 United States dollars paid in the (b) United States. The exchange rate used is the budget exchange rate, which corresponds to 1.20. 1,234.1 630.8 -

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REGISTRATION DOCUMENT 2018 / NEOPOST