2014 ANNUAL REPORT

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Parent Company Financial Report | EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
320
The following table provides additional details about movements in the plan:
31 December 2014 31 December 2013
Number of options Number of options
Options at start of year 300,682 -
Granted (*) 43,725 300,682
Change in expected adhesions (**) (17,748) -
Cancelled - -
Exercised (162,650) -
Options at end of year 164,009 300,682
of which for Prysmian Spa employees 27,424 36,015
of which vested at end of year - -
of which for Prysmian Spa employees - -
of which exercisable - -
of which not vested at end of year 164,009 300,682
of which for Prysmian Spa employees 27,424 36,015
(*) The number of options refers to the adhesions to the additional purchase windows reserved for Managers (actual numbers for the first year and expected
numbers for the next two years).
(**) The number of options has been revised for the actual number of adhesions in the first window.
The information memorandum, prepared under art. 114-bis of
Legislative Decree 58/98 and describing the characteristics of
the above share ownership plan, is publicly available on the
Company's website at , from its
registered offices and from Borsa Italiana S.p.A.
As at 31 December 2014, there are no outstanding loans or
guarantees by Prysmian S.p.A. to any of its directors, senior
managers or statutory auditors.
Long-term incentive plan 2014-2016
The Shareholders' Meeting held on 16 April 2014 approved an
incentive plan for the Group's employees, including members
of the Board of Directors of Prysmian S.p.A., and granted
the Board of Directors the necessary powers to establish and
implement this plan.
As a result of the effects of the Western HVDC Link contract
(UK), the Board of Directors has decided not to execute the
mandate received from the shareholders allowing implemen-
tation of this plan.