FDL Paris, 10 May 2016
Press release regarding the filing of additional information to the 2015 Reference DocumentThe Foncière des Régions Reference Document regarding the financial year ending 31 December 2015 (the "2015 Reference Document") was filed with the Autorité de Marchés Financiers (AMF) on 23 March 2016 under number D. 16-0192.
It is specified on page 409 of the 2015 Reference Document that the amounts owed in 2015 regarding performance shares allocated to Christophe Kullman, General Manager, and Olivier Estève, Deputy General Manager, will be determined by the Board of Directors on 27 April 2016, subject to the General Meeting's approval of the corresponding resolution.
At its meeting of 27 April, the Board of Directors, under the terms of the authorisation granted to it by the Combined General Meeting of Shareholders of 27 April 2016 regarding the adoption of the 22nd resolution, and on a proposal from the Appointments and Remunerations Committee, approved the allocation of 14,650 performance shares to Christophe Kullman and 8,800 performance shares to Olivier Estève as part of their Long-Term Incentive Plan (the "LTI") for 2015.
The tables below regarding the total remuneration paid to Christophe Kullmann and Olivier Estève including the LTI replace those initially published on page 409 of the 2015 Reference Document:
Executive officer name and function Christophe KULLMANN: General Manager | 2014 | 2015 | ||
Amounts due for 2014 | Amounts paid in 2014 | Amounts due for 2015 | Amounts paid in 2015 | |
Remuneration (detailed in table•2) | 1,346,239 | 1,282,239 | 1,442,820 | 1,386,820 |
Value of the multiannual variable remuneration paid during the fiscal year | 0 | 0 | 0 | 0 |
Value of options granted during the year | None | None | None | None |
Value of performance shares granted (detailed in table•6)** | 663,650 | 490,350 | 623,357 | 663,650 |
TOTAL | 2,009,889 | 1,772,589 | 2,066,177 | 2,050,470 |
* Since the allocation of performance shares granted for year N is delayed until N+1, for the sake of the accuracy and completeness of the information provided, table 1 distinguishes between allocations paid and those due for each fiscal year ** Share valuations do not include any bonuses paid in bonus shares which are already included, where appropriate, in table•2. N.B.: Share valuations are calculated by an independent expert. | ||||
Executive officer name and function Olivier ESTEVE: Deputy General Manager | 2014 | 2015 | ||
Amounts due for 2014 | Amounts paid in 2014 | Amounts due for 2015 | Amounts paid in 2015 | |
Remuneration (detailed in table•2) | 712,709 | 678,709 | 786,889 | 713,889 |
Value of the multiannual variable remuneration paid during the fiscal year | 0 | 0 | 0 | 0 |
Value of options granted during the year | None | None | None | None |
Value of performance shares granted (detailed in table•6)** | 357,350 | 261,520 | 374,440 | 357,350 |
TOTAL | 1,070,059 | 940,229 | 1,161,329 | 1,071,239 |
* Since the allocation of performance shares granted for year N is delayed until N+1, for the sake of the accuracy and completeness of the information provided, table 1 distinguishes between allocations paid and those due for each fiscal year ** Share valuations do not include any bonuses paid in bonus shares which are already included, where appropriate, in table•2. N.B.: Share valuations are calculated by an independent expert. | ||||
Except for the inclusion of this additional information, no other changes have been made to the content of the 2015 Reference Document.
Contacts
Press Relations Géraldine Lemoine Tel : + 33 (0)1 58 97 51 00geraldine.lemoine@fdr.fr | Investor Relations Paul Arkwright Tel : + 33 (0)1 58 97 51 85 paul.arkwright@fdr.fr |
As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €18Bn (€11Bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with its two-fold real estate strategy: adding value to existing urban property and designing buildings for the future.
Foncière des Régions mainly works alongside Key Accounts (Orange, Suez Environnement, EDF, Dassault Systèmes, Thales, Eiffage, etc) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of the Residential market in Germany and Hotels in Europe.
Foncière des Régions shares are listed in the Euronext Paris A compartment (FR0000064578 - FDR), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100 indices, in the "EPRA" and "GPR 250" benchmark European real estate indices, and in the FTSE4 Good, DJSI World and Euronext Vigeo (World 120, Eurozone 120, Europe 120 et France 20) ethical indices.
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