Elis

Adjustment of certain elements of the Management Board’s compensation

Adjustment of certain elements of the
Management Board’s compensation

Saint-Cloud, March 10, 2021
Adjustment of the 2018 and 2019 performance share plans

As part of a dynamic policy of involving employees in the company’s performance, the Group grants performance shares each year to several hundred employees, including the members of the Management Board.

The Chairman and members of the Management Board benefit in particular from the following two performance share plans:

·A performance share plan adopted by the Management Board on March 29, 2018, with the authorization of the Supervisory Board dated December 14, 2017 and March 6, 2018. The number of shares granted to each member of the Management Board under this plan is as follows:

Beneficiaries	Total number of shares granted	Number of Class A shares granted	Number of Class B shares granted
Xavier Martiré	117,995	88,496	29,499
Louis Guyot	49,164	34,415	14,749
Matthieu Lecharny	39,331	24,582	14,749

·A performance share plan adopted by the Management Board on May 2, 2019, with the authorization of the Supervisory Board dated March 6 and May 2, 2019. The number of shares granted to each member of the Management Board under this plan is as follows:

Beneficiaries	Number of shares granted
Xavier Martiré	116,580
Louis Guyot	45,337
Matthieu Lecharny	32,383

Under these plans, the vesting of the performance shares granted, respectively set for April 6, 2021 (for the 2018 plan) and May 2, 2022 (for the 2019 plan), is subject to the fulfillment of performance conditions, assessed over a period of three consecutive financial years.

Given the exceptional impact of the health crisis, the Supervisory Board, at its meeting on March 8, 2021, on the recommendation of the Appointments, Compensation and Governance Committee, decided, in compliance with the compensation policy respectively applicable and approved by the shareholders at the general shareholders’ meetings of May 18, 2018 (for the 2018 plan) and May 23, 2019 (for the 2019 plan), to adjust the performance criteria as follows: