289
These are detailed as follows:
17.
PERSONNEL COSTS
(1) Options could be exercised in specified periods only.
(in Euro)
31 December 2013
31 December 2012
Number options
Exercise price
Number options
Exercise price
Options at start of year
82,937
4.65
198,237
4.65
Granted
-
4.65
-
4.65
Cancelled
(8)
-
-
-
Exercised
(82,929)
4.65
(115,300)
4.65
Options at end of year
-
4.65
82,937
4.65
of which for Prysmian S.p.A. employees
-
4.65
65,333
4.65
of which vested at end of year
-
4.65
82,937
4.65
of which for Prysmian S.p.A. employees
-
4.65
65,333
4.65
of which exercisable
(1)
-
-
-
-
of which not vested at end of year
-
4.65
-
4.65
of which for Prysmian S.p.A. employees
-
4.65
-
4.65
(in thousands of Euro)
2013
2012
Wages and salaries
30,746
29,720
Social security
6,813
7,152
Retirement pension costs
1,737
1,658
Employee indemnity costs
156
105
Non-recurring personnel costs (income):
Company reorganisation
2,463
2,979
Total non-recurring personnel costs (income)
2,463
2,979
Other personnel costs
6,552
9,854
Total
48,467
51,467
Other personnel costs mostly reflect the recognition of
liabilities for the Long-term incentive plan 2011-2013, which
will be settled in 2014, and for the YES Plan; more details
can be found in the later paragraphs on “Long-term incentive
plan 2011-2013” and “Group employee share purchase plan
(YES Plan)”.
Share-based payments
At 31 December 2013 and 31 December 2012, Prysmian S.p.A.
had share-based compensation plans in place for managers
of Group companies and members of the Company’s Board
of Directors. These plans are described below.
Stock option plan 2007-2012
On 30 November 2006, the Company’s shareholders approved
a Stock option plan which was dependent on the flotation
of the Company’s shares on Italy’s Electronic Equities
Market (Mercato Telematico Azionario - MTA) organised and
managed by Borsa Italiana S.p.A.. The plan was reserved for
employees of companies in the Prysmian Group.
Each option entitled the holder to subscribe to one share at a
price of Euro 4.65.
The following table provides additional details about the stock
option plan:
