Econocom - 2019 Universal registration document

224 2019 annual report 06 consolidated financial statements notes to the consolidated financial statements Changes in equity not recognised in profit or loss 15.3. ECONOCOM GROUP 15.3.1. SHARE-BASED PAYMENTS The Group regularly awards stock purchase and subscription options, as well as free shares, to Management, certain corporate officers and select employees. These transactions are recognised at fair value at the grant date using the Black-Scholes-Merton mathematical option pricing model. straight-line basis in "Personnel costs" over the vesting period. An offsetting entry is recorded to equity. Subsequent changes in the fair value of the options do not impact the initial measurement. Fair value, corresponding to the estimated cost of the services provided by the beneficiaries, is recognised on a At the end of each reporting period, the Group revises the assumptions used to calculate the number of equity instruments. The impact of this revised estimate, if any, is taken to profit or loss and the expenses accrued adjusted accordingly. The offsetting entry is recorded in equity. Stock subscription option 15.3.1.1. plans expensed over the vesting period. When the options are exercised, equity is increased by the proceeds received. Stock options have been granted to some of the Group’s employees and corporate officers for an agreed unit price. Stock purchase and stock subscription option plans are equity-settled share-based payment transactions. In accordance with the number of options expected to vest, the fair value of the options granted is The characteristics of these plans are detailed below. It should be noted that the number of options granted remains unchanged but that owing to the share split, the number of rights attached to each option has doubled.