2014 Registration Document and Annual Financial Report - page 286

Financial Statemements
Parent Company Financial Statements and Notes
5
Performance share plans
2009 Plan 2011 Plan 2011 Plan 2011 Plan 2012 Plan 2012 Plan
Grant date
31/03/2009 04/04/2011 04/04/2011 04/04/2011 27/03/2012 27/03/2012
Expiration date
31/03/2013 04/04/2015 04/04/2015 04/04/2016 27/03/2016 27/03/2016
Value used for calculating the
contribution
sociale
surtax
(in euros)
(1)
25.49
30.62
29.35
29.98
25.32
24.16
Vesting conditions
4 years of
seniority +
performance
conditions
(2)
2 years of
seniority +
performance
conditions
(3)
4 years of
seniority +
performance
conditions
(3)
3 years of
seniority +
performance
conditions
(4)
2 years of
seniority +
performance
conditions
(5)
4 years of
seniority +
performance
conditions
(5)
Number of performance shares granted
at the plan launch
51,299
190,331
38,326
20,450
170,332
67,269
POTENTIAL NUMBER OF NEW
SHARES ISSUABLE AT DEC. 31, 2012
IF PERFORMANCE CONDITIONS MET
21,393
184,823
37,040
20,450
158,772
62,361
Number of performance shares granted
in 2013
-
-
-
-
-
-
Number of performance shares vested
in 2013
20,506
182,332
-
-
150
-
Number of performance shares forfeited
in 2013
887
2,491
3,844
-
1,741
2,382
Number of performance shares cancelled
in 2013 due to failure to achieve
the performance conditions
-
-
-
6,816
-
-
POTENTIAL NUMBER OF NEW
SHARES ISSUABLE AT DEC. 31, 2013
IF PERFORMANCE CONDITIONS MET
-
-
33,196
13,634
156,881
59,979
Number of performance shares granted
in 2014
-
-
-
-
-
-
Number of performance shares vested
in 2014
-
-
-
13,634
151,877
-
Number of performance shares forfeited
in 2014
-
-
447
-
-
628
Number of performance shares cancelled
in 2014 due to failure to achieve
the performance conditions
-
-
-
-
5,004
-
POTENTIAL NUMBER OF NEW
SHARES ISSUABLE AT DEC. 31, 2014
IF PERFORMANCE CONDITIONS MET
-
-
32,749
-
-
59,351
Number of performance shares vested
since the plan launch
20,883
182,332
-
-
152,027
-
Number of performance shares cancelled
since the plan launch
30,416
7,999
5,577
6,816
18,305
7,918
(1) Surtax of 10% for performance shares granted until 2011 and 14% for performance shares granted after 2012.
(2) Performance condition based on Accor Hospitality ROCE, Accor Services revenue and consolidated recurring operating profit after tax.
(3) Performance condition based on revenue growth and EBIT and operating cash flow targets.
(4) Performance condition based on the Chairman and CEO successfully taking up his duties, including successfully implementing changes in the Group’s organizational structure.
(5) Performance condition based on actual versus budgeted EBIT margin, and actual versus budgeted operating cash flow excluding acquisitions and disposals.
(6) Performance condition based on actual versus budgeted EBIT margin, actual versus budgeted operating cash flow excluding acquisitions and disposals, and the degree
of completion of the asset disposal plan included in the budget.
(7) Performance condition based on actual versus budgeted EBIT margin, and actual versus budgeted operating cash flow excluding acquisitions and disposals.
(8) Performance condition based on actual versus budgeted EBIT margin, actual versus budgeted operating cash flow excluding acquisitions and disposals, the degree of
completion of the asset disposal plan included in the budget, and Accor’sTSR versus theTSR of eight other international hotel groups.
Registration Document 2014
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