Sopra Steria - 2018 Registration document
CORPORATE GOVERNANCE Role and compensation of executive company officers
❙ PERFORMANCE SHARES AWARDED TO EACH EXECUTIVE COMPANY OFFICER DURING THE FINANCIAL YEAR (TABLE 6 – AFEP-MEDEF CODE OF CORPORATE GOVERNANCE FOR LISTED COMPANIES, JUNE 2018)
Number of Sopra
Value of shares
Steria Group shares awarded during the year
according to the method used for the consolidated financial statements
Number and date of plan 16/02/2018
Name of executive company officer
date Performance conditions
1) Sopra Steria Group’s organic consolidated revenue growth in 2018, 2019 and 2020 2) Change in the Group’s operating profit on business activity in 2018, 2019 and 2020 3) Change in the Group’s free cash flow in 2018, 2019 and 2020
€431,640 31/03/2021 31/03/2021 (50%) At the end of his term of office (50%)
At its meeting of 24 June 2016, the Board of Directors decided to set up a long-term incentive plan, covering a total of 88,500 rights to free performance shares, for the Group’s senior managers. It granted 3,000 rights to shares (0.01% of the share capital) to Vincent Paris, executive company officer. Since the targets linked to the plan were 66.11% achieved, Vincent Paris received a full and final grant of 1,984 shares, and he is obliged to retain at least 992 of these shares until his term of office as Chief Executive Officer comes to an end. The Board of Directors decided at its meeting of 24 February 2017 to set up a second long-term incentive (LTI) plan, along the same lines as the 24 June 2016 plan, awarding a total of up to 109,000 rights, including 3,000 (0.01% of the share capital) awarded to Vincent Paris. This plan remains in force.
Lastly, the Board of Directors decided at its meeting of 16 February 2018 to set up a third plan of this type, still along the same lines as the earlier plans and corresponding to a total of 128,000 rights to performance shares, including 3,000 rights (0.01% of the share capital) conditionally awarded to Vincent Paris. This plan remains in force. A total of 9,000 rights to performance shares have thus been conditionally awarded to Vincent Paris, in accordance with the authorisation given by shareholders at the General Meeting of 22 June 2016. The vesting periods for the three plans in question extend from 24 June 2016 to 31 March 2021. At the present time, the Board of Directors does not envisage setting up another plan in 2019 based on the authorisation received at the General Meeting of 12 June 2018.
❙ PERFORMANCE SHARES NO LONGER SUBJECT TO A HOLDING PERIOD DURING THE YEAR FOR EACH EXECUTIVE COMPANY OFFICER (TABLE 7 – AFEP-MEDEF CODE OF CORPORATE GOVERNANCE FOR LISTED COMPANIES, JUNE 2018) None. ❙ RECORD OF SHARE SUBSCRIPTION OR PURCHASE OPTIONS GRANTED – INFORMATION ON SHARE SUBSCRIPTION OR PURCHASE OPTIONS (TABLE 8 – AFEP-MEDEF CODE OF CORPORATE GOVERNANCE FOR LISTED COMPANIES, JUNE 2018) None. ❙ OVERVIEW OF PERFORMANCE SHARE GRANTS – INFORMATION ON PERFORMANCE SHARES (TABLE 9 – AFEP-MEDEF CODE OF CORPORATE GOVERNANCE FOR LISTED COMPANIES, JUNE 2018) See Chapter 5, Section 6.6.2 (page 203 of this document).
SOPRA STERIA REGISTRATION DOCUMENT 2018
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