The estimated number of shares subscribed to at the end of the subscription period is calculated using a method that apportions individual subscriptions based on historical data observed in relation to the 2018, 2019 and 2021 plans (2020 plans are excluded due to the exceptional nature of that year).
| 2022 | |||
|---|---|---|---|
| Group savings plan – France | First four-month period of 2023(1 January – 30 April 2023) | Third four-month period of 2022(1 September – 31 December 2022) | Second four-month period of 2022(1 May – 31 August 2022) |
| Subscription price (in €) | 80.08 | 85.51 | 91.92 |
| Share price at date of Board of Directors’ meeting (in €) | 86.55 | 84.76 | 97.57 |
| Estimated number of shares subscribed | 1,989,627 | 415,351 | 1,033,690 |
| Estimated number of shares issued (subscriptions plus employer contribution) | 3,228,016 | 653,224 | 1,581,051 |
| 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 (in €) | 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 |
In 2022, 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 45 countries, representing 93% of Group revenue and 86% of the Group’s workforce outside France.
The main characteristics of this plan are as follows:
| Castor International plan (excluding the UK) | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Subscription price (in €) |
Subscription price (in €)202291.71 |
Subscription price (in €)2021 91.72 |
Subscription price (in €)2020 73.41 |
Subscription price (in €)2019 88.08 |
| Closing share price on the last day of the subscription period (in €) |
Closing share price on the last day of the subscription period (in €)202290.14 |
Closing share price on the last day of the subscription period (in €)2021 93.45 |
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 |
| Anticipated dividend pay-out rate |
Anticipated dividend pay-out rate 20224.06% |
Anticipated dividend pay-out rate 2021 2.97% |
Anticipated dividend pay-out rate 2020 2.51% |
Anticipated dividend pay-out rate 2019 2.60% |
| 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 €)202279.81 |
Fair value of bonus shares on the last day of the subscription period (in €)2021 85.47 |
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 |
The expense recognised in 2022 for all Group employee savings plans amounted to €192 million (€145 million in 2021).
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.
