LISI GROUP - 2018 Financial report

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The 2015 plan vested in 2018.
The fair value of the benefits granted and recorded in 2018 as provision in
the amount of €0.6 million for French and foreign employees. This cost
was not allocated to divisions, and remains an expense at the LISI S.A.
leveluntilthedefinitiverealizationoftheplan.Theimpactoftheexpenses
relating to the awards of free performance shares is included in the
payroll expenses for employees of LISI S.A. only.
The maturity of the 2015 plan in May 2018 resulted in a provision reversal
of €0.5 million.
Plans that impacted LISI S.A.’s financial statements in 2018:
Plan for 2015 Plan for 2016 Plan for 2017 Plan for 2018 Total
Allocation date 12/17/2015 12/20/2016 12/13/2017 12/12/2018
Acquisition date February 2018 February 2019 February 2020 February 2021
Value in thousands of euros as at 12/31/2018 - 251 224 97 572
Net expenses in thousands of euros on the income
statement of LISI S.A. at 12/31/2018 (excluding social
security contributions)
541 179 (178) (97) 445
Total number of shares assigned (for an assignment
with 100% of the conditions) - 161,170 138,510 156,590 456,270
Since2016, itwas decidedalso toallocateperformance shares to foreign
employees of the LISI Group. Previously, they benefited from this
advantage, meeting the same criteria for the allocation of performance
shares to the French employees, in the formof a bonus payment directly
recognized in the financial statements of the foreign subsidiaries.
3.8 I Miscellaneous information
■■The Company directors and executives have not been given any
advances or credits.
■■Compensationofexecutivesstoodat€1,048,270for2018(compensation
net of social security contributions, including the variable element and
directors’ fees).
■■The overall compensation paid to the 5 highest-paid individuals totaled
€1,853,371.
■■Headcount as of December 31, 2018 was 26 individuals.
■■Retirement commitments are not specified as the amount is
insignificant.
■■The Company does not have any financial leasing agreements.
■■The fees recognized for the year ended December 31, 2018 for our
statutory auditors, Ernst & Young and EXCO & Associés amount to
€56,460.