PERNOD-RICARD - URD 2020-21

____ 6. CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The expense recognised for options/shares vested or in the process of being vested during the financial year (period from 1 July 2020 to 30 June 2021) is described below:

Commen- cement date for exercise of options Expiry date

Presence of performance condition

Subscription or purchase price (€)

Outstanding options at 30.06.2021

Stock option expense for FY21 (€ thousand)

Type of options

Number of beneficiaries

Stock options

Plan dated 17.11.2016 Plan dated 09.11.2017 Plan dated 21.11.2018 Plan dated 08.11.2019 Plan dated 27.11.2020

Purchase Conditional

16 18.11.2020 17.11.2024

€105.81

75,872

115

Purchase Conditional

15 10.11.2021 09.11.2025

€126.53

77,253

465

Purchase Conditional

15 22.11.2022 21.11.2026

€137.78

103,629

495

Purchase Conditional

14 09.11.2023 08.11.2027

€162.79

125,578

741

Purchase Conditional

14 28.11.2024 27.11.2028

€154.11

136,711

474

Outstanding shares at 30.06.2021

Share expense for FY21 (€ thousand)

Presence of performance condition

Shares acquired from

Type of shares

Number of beneficiaries

Shares vested from

Performance shares

Plan dated 17.11.2016

Free Conditional

997

18.11.2020

18.11.2020

0

3,104

6 33% 18.11.2017 33% 18.11.2019 33% 18.11.2018 33% 18.11.2020 33% 18.11.2019 33% 18.11.2021

Plan dated 17.11.2016

Free Unconditional

0

0 (1)

Plan dated 09.11.2017

Free Conditional

1,000 10.11.2021

10.11.2021

186,345

4,541

Plan dated 21.11.2018

Free Conditional

958 22.11.2022

22.11.2022

192,817

5,536

Plan dated 08.11.2019

Free Conditional

820 09.11.2023

09.11.2023

166,420

5,552

Plan dated 27.11.2020

Free Conditional

754 28.11.2024

28.11.2024

267,666

4,886

For this plan, the Group decided exceptionally to recognise all expenses in FY17. (1)

The history of stock option plans that have not yet expired is presented in the “Corporate governance” section of the universal registration document. For the vested stock option plans, the total number of options outstanding is 145,047, with an average remaining life of two years and eight months.

As at 30 June 2021, the Group recognised an expense of €2.3 million as an operating loss for the five stock option plans vested or in the process of vesting during the financial year, as well as an expense of €23.6 million in respect of the five performance share plans.

Annual expenses € million

30.06.2021

30.06.2020

Stock options – through a double entry to equity

3

2

Performance-based and bonus shares – through a double entry to equity

18

24

TOTAL ANNUAL EXPENSES

20

26

229

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021