In 2014, following the recommendations of the Remuneration Committee, the Board of Supervisory Directors decided to grant 19,200,000 share options to the Board of Management; (12,000,000 options to Mr. de Vries and 7,200,000 options to Mr. Giannetti). These options vest in five equal tranches on 31 January of 2015, 2016, 2017, 2018 and 2019, as outlined below under the terms and conditions of the Board of Management Option Plan (as approved by the AGM on 18 June 2014), in line with the achievement of targets for the Board of Management. The exercise price of these options, on a tranche by tranche basis, shall be equal to the VWAP measured over the 20 trading days prior to the date of the Annual General Meeting. For the fourth tranche of 3,840,000 (2,400,000 options for Mr. de Vries and 1,440,000 options for Mr. Giannetti) and also for the second tranche of 1,000,000 options for Mr. Wright, this resulted in a strike price of €0.335; being the VWAP measured over the 20 trading days prior to 24 May 2017. The share options will expire on 17 June 2019 for Mr. de Vries and Mr. Giannetti and on 25 May 2021 for Mr. Wright.jaarvergadering
12.000.0000 aandeelopties in 2014
5 gelijke delen
1. 2015 31 januari 2.400.000 in
2 2016 31 januari 2.400.000 in 2017 tegen € 0,33
3 2017 31 januari 2.400.000 in 2018 tegen ca € 1,20
4 2018 31 januari 2.400.000 in 2019 tegen nog te bepalen koers xx
5 2019 31 januari 2.400.000 in 2020 tegen
xxStrike price = gemiddelde prijs van de aandelen over 20 handelsdagen voor jaarvergadering