Econocom - 2019 Universal registration document

227 2019 annual report 06 consolidated financial statements notes to the consolidated financial statements ژ 2016 2018 Total Tranches 3 1 2 3 4 5 Free shares outstanding at 31 ژ Dec. 2018 140,000 15,000 402,500 342,500 342,500 342,500 1,585,000 Award - - - - - - - Vesting (70,000) (15,000) - - - - (85,000) Exercise - - - - - - - Loss (70,000) - (205,000) (145,000) (145,000) (145,000) (710,000) Free shares outstanding at 31 ژ Dec. 2019 - - 197,500 197,500 197,500 197,500 790,000 Expiry date May 2019 Feb 2019 March ژ 2020 March ژ 2021 March ژ 2022 March ژ 2023 - Each tranche is contingent on the employee being present in the Group throughout the vesting period, and on a series of conditions relating to performance and share price. Econocom Group 15.3.1.3. share-based payment expense in the income statement The total expense taken to profit or loss in 2019 in respect of share-based payments amounted to €0.7 ژ million, and was recorded in personnel costs within recurring operating profit. A tax effect was recognised for an amount that was not material. operating profit. A tax effect was recognised for an amount that was not material. The total expense taken to profit or loss in 2018 in respect of share-based payments amounted to €1.1 ژ million, and was recorded in personnel costs within recurring PROVISIONS FOR PENSIONS 15.3.2. AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS The impact of provisions for pensions and other post-employment benefits on consolidated equity is set out in note ژ 17. TREASURY SHARES 15.3.3. Treasury shares and the related transaction costs are recorded as a deduction from equity. When they are sold, the consideration received in exchange for the shares net of the transaction costs is recorded in equity.