| 2021 | ||||
|---|---|---|---|---|
| Group savings plan – France | First four-month period of 2022 (1 January – 30 April 2022) |
Third four-month period of 2021 (1 September – 31 December 2021) |
Second four-month period of 2021 (1 May – 31 August 2021) |
|
| Subscription price (in €) | 85.59 | 89.08 | 77.83 | |
| Share price at date of Board of Directors’ meeting | 91.47 | 95.73 | 81.30 | |
| Estimated number of shares subscribed | 1,861,541 | 412,896 | 1,661,792 | |
| Estimated number of shares issued (subscriptions plus employer contribution) |
3,020,207 | 672,572 | 2,570,257 | |
| 2020(*) | ||
|---|---|---|
| Group savings plan - France (Tranche) | First four-month period of 2021 | Third four-month period of 2020 |
| Subscription price (in €) | 69.66 | 79.90 |
| Share price at date of Board of Directors’ meeting | 71.82 | 85.64 |
| Estimated number of shares subscribed | 1,885,684 | 459,242 |
| Estimated number of shares issued (subscriptions plus employer contribution) | 3,128,584 | 748,066 |
(*) Compared with previous years and due to the Covid-19 crisis, the subscription period of the plan for the first four-month period of 2020 was extended until the end of August. As a result, only two savings plans were proposed to employees in 2020.
In the first half of 2021, in accordance with authorisations given to the Board of Directors by shareholders at the Shareholders’ General Meeting, VINCI initiated new savings plans for the employees of certain foreign subsidiaries. Known as Castor International, the plan covers 41 countries, representing 91% of Group revenue and 85% of the Group’s workforce outside France.
The main characteristics of this plan are as follows:
| Castor International plan (excluding the UK) | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Subscription price (in €) |
Subscription price (in €) 202191.72 |
Subscription price (in €) 2020 73.41 |
Subscription price (in €) 2019 88.08 |
Subscription price (in €) 2018 84.50 |
| Closing share price on the last day of the subscription period (in €) |
Closing share price on the last day of the subscription period (in €)202193.45 |
Closing share price on the last day of the subscription period (in €)2020 90.32 |
Closing share price on the last day of the subscription period (in €)2019 90.28 |
Closing share price on the last day of the subscription period (in €)2018 84.32 |
| Anticipated dividend pay-out rate |
Anticipated dividend pay-out rate 20212.97% |
Anticipated dividend pay-out rate 2020 2.51% |
Anticipated dividend pay-out rate 2019 2.60% |
Anticipated dividend pay-out rate 2018 2.34% |
| Fair value of bonus shares on the last day of the subscription period (in €) |
Fair value of bonus shares on the last day of the subscription period (in €)202185.47 |
Fair value of bonus shares on the last day of the subscription period (in €)2020 83.78 |
Fair value of bonus shares on the last day of the subscription period (in €)2019 83.60 |
Fair value of bonus shares on the last day of the subscription period (in €)2018 78.66 |
The expense recognised in 2021 for all Group employee savings plans amounted to €145 million (€92 million in 2020).
The Group’s transactions with related parties mainly concern the following:
Transactions with related parties are undertaken at market prices.
The remuneration of the Group’s company officers is determined by the Board of Directors following proposals from the Remuneration Committee.
