Bureau Veritas: information related to the elements of compensation of the Chief Executive Officer
27 Giugno 2022 - 06:23PM
Bureau Veritas: information related to the elements of compensation
of the Chief Executive Officer
PRESS RELEASE
Neuilly-sur-Seine, France – 27 June 2022
Information related to the elements of
compensation ofthe Chief Executive Officer
Published pursuant to the recommendations
of the AFEP-MEDEF Corporate Governance Code of
Listed Corporations
As part of its remuneration policy, Bureau
Veritas grants options to subscribe or to purchase shares
(“Options”) and Performance shares (“Shares”) to a number of Group
employees around the world. On 14 June 2022, the Board of Directors
decided to grant Options and Shares to 496 employees of the Group.
The grant amounts to a total of 2 167 310 shares
(1 041 900 Options and 1 125 410 Shares)
representing approximately 0.48% of the share capital.
In the frame of this plan, 240 000 Options
and 120 000 Shares have been allocated to the Chief Executive
Officer.
The Option exercise price amounts to 26,52
Euros, equal to the average of the trading opening price of the
shares on the Stock exchange during the 20 days preceding the grant
date, without any discount to the share price.
This grant is conditional on meeting three
performance conditions. Depending on the level of achievement of
the Group Adjusted Operating Profit (AOP) (1) for 2022, the
Adjusted Operating Margin (ratio of Group AOP to Group revenue) for
the years 2022, 2023 and 2024 and the achievement of performance
conditions linked to Corporate Social Responsibility criteria over
3 years.
The vesting period for the Options and the
Shares is 3 years from the grant date. At the end of this vesting
period, the Chief Executive Officer will be able to exercise or
acquire between 0% and 100% of the granted Options/Shares.
About Bureau Veritas Bureau
Veritas is a world leader in laboratory testing, inspection and
certification services. Created in 1828, the Group has more than
80,000 employees located in more than 1,600 offices and
laboratories around the globe. Bureau Veritas helps its 400,000
clients improve their performance by offering services and
innovative solutions in order to ensure that their assets,
products, infrastructure and processes meet standards and
regulations in terms of quality, health and safety, environmental
protection and social responsibility.Bureau Veritas is listed on
Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20 & SBF
120 indices.Compartment A, ISIN code FR 0006174348, stock symbol:
BVI.For more information, visit www.bureauveritas.com, and follow
us on Twitter (@bureauveritas) and LinkedIn.
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ANALYST/INVESTOR CONTACTS |
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MEDIA CONTACTS |
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Laurent Brunelle |
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Caroline Ponsi
Khider |
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+33 (0)1 55 24 76 09 |
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+33 (0)7 52 60 89 78 |
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laurent.brunelle@bureauveritas.com |
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caroline.ponsi-khider@bureauveritas.com |
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Colin Verbrugghe |
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Primatice |
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+33 (0)1 55 24 77 80 |
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thomasdeclimens@primatice.com |
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colin.verbrugghe@bureauveritas.com |
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armandrigaudy@primatice.com |
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Etienne Linquier |
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etienne.linquier@bureauveritas.com |
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1 The AOP may be adjusted with exceptional items
(restructuring, change in accounting methodology etc.). The impact
of currency exchange rates variation and changes in the Group
perimeter could be taken into consideration
- Information Compensation of the CEO vUK June 2022
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