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In accordance with the Plan Regulations, no further options
can be granted because 31 January 2007 was the final date set
by the Extraordinary Shareholders’ Meeting of 30 November
2006 by which the Board of Directors could identify additional
Plan beneficiaries to the Original Beneficiaries.
The options have vested in four equal annual instalments on
the anniversary of their grant date; the last vesting date was
4 December 2010.
Vested options can only be exercised during the so-called
“Exercise periods” following the respective vesting date.
Under the Plan Regulations, “Exercise period” is defined
as each period of thirty days starting from the day after
publication of the press release informing the public of the
Board’s approval of the Prysmian S.p.A. annual financial
statements or half-yearly financial report.
On 15 April 2010, the Shareholders’ Meeting of Prysmian
S.p.A. approved an amendment to the Plan, with the
introduction of four new option exercise periods, solely for
beneficiaries still in the Group’s employment.
Vested options will therefore be exercisable until the thirtieth
day after publicly announcing the Board’s approval of the
Company’s annual financial statements for 2012 (the original
option expiry date was 30 days after the Board’s approval of
the annual financial statements for 2010).
For further information regarding the Plan, please refer to
the information memoranda prepared under art. 84-bis of
the Consob Issuer Regulations, which can be found on the
Company’s website
under Investor
relations/Corporate governance.
