At its meeting of 24 June 2016, the Board of Directors, using the authorisation granted under the twenty‐fifth resolution at the Combined General Meeting of 22 June 2016, decided, on the recommendation of the Compensation Committee, to award 3,000 performance shares to Vincent Paris, Chief Executive Officer.
This free share award is subject to strict performance conditions, with performance assessed over a period of three financial years and measured against targets for organic consolidated revenue growth, operating profit on business activity (expressed as a percentage of revenue), and free cash flow at least equal to any guidance disclosed to the market.
The Board of Directors also decided that Vincent Paris must retain at least 50% of vested shares throughout his entire term of office as Chief Executive Officer.