Annual report 2008 - Altarea Cogedim

CONSOLIDATED FINANCIAL STATEMENTS
• Stock grant awards
Stock grant awards
Number
of rights
awarded
Number of
beneficiaries
at the date of
grant
Award
dates
Rights in
issue at
12/31/2007
Award
Automatic
adjustment,
capital
increase
Rights
vested
Rights
cancelled
Rights
in issue at
12/31/2008
Stock grant plans
on ALTAREA shares
13 march 2006 14,500 71 13 december 2008 14,000 1,859 (15,859) 0
30 january 2007 19,540 102 30 july 2009 18,640 2,695 (414) 20,921
23 july 2007 16,525 626 23 july 2009 15,875 2,279 (2,219) 15,935
23 july 2007 3,350 * 21 23 july 2009 3,350 462 1,036 4,848
23 july 2007 330 10 23 july 2009 330 46 (6) 370
23 july 2007 62,500 * 46 31 march 2010 62,100 8,619 (1,786) 68,933
22 july 2008 25,490 208 22 july 2010 0 25,490 25,490
22 july 2008 7,900 * 8 22 july 2010 0 7,900 7,900
26 september 2008 14,128 ** 16 27 september 2008 0 14,128 14,128
18 december 2008 12,932 66 18 december 2010 0 12,932 12,932
31 December 2008 6,100 2 31 December 2010 0 6,100 6,100
31 December 2008 2,500 1 30 september 2011 0 2,500 2,500
31 December 2008 3,000 * 1 31 December 2010 0 3,000 3,000
Stock grant plans
on Cogedim shares
28 september 2006 4,692 21 28 september 2008 4,666 (4,666) 0
Total 193,487 118,961 72,050 15,960 14,823) 9,091) 183,057
* grants are conditional on meeting performance criteria
** if the rights vest at grant, conditions of presence apply in addition
Stock grants are awarded definitively at the end of a period of two years or two years and nine months, depending on the plan.
The shares granted must then be held for a period of two years.
• Employee investment mutual fund (FCPE)
Employee investment mutual fund (FCPE)
Fund invested in ALTAREA shares
Number
of shares
Number
of beneficiaries
Subscription price
(in euros)
End of the
lock-up period
24 June 2005 6,740 106 77.47 06/24/2010
13 March 2006 5,000 184 95.22 03/13/2011
10 July 2007 3,318 158 140.65 07/10/2012
24 December 2007 4,350 420 165.15 12/24/2012
Total 19,408 868
• Treasury shares
The acquisition cost of treasury shares was €11,739 thousand at 31 December 2008 for 106,632 shares, compared with
€4,428 thousand at 31 December 2007 for 73,365 shares. An allowance for impairment of €731 thousand was recognised
in 2008 based on the share price at 31 December.
The acquisition cost, allowance for impairment and the gain or loss on the sale of the treasury shares are recognised in equity.
Accordingly, a net loss on the sale of treasury shares was recognised directly in equity in an after-tax amount of €211 thousand
at 31 December 2008.
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