The following table lists the assumptions used to value the 2015 and 2016 options plans, the 2015 and 2016 performance units allocation plan according to IFRS 2. The Group uses the Black & Scholes model.
| Options granted |
Volatility(1) | Risk- free rate |
Exercise price per share (€) |
Estimated Maturity (years) |
Fair value per share at the grant date (€) |
Dividends yields |
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2015 stock options plan |
1,769,890 | 42 | % | 0.14 | % | 6.01 | 4 | 1.64 | 0.0 | % | ||||||||||||||||||
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2016 stock options plan |
6,658,848 | 47 | % | -0.31 | % | 0.68 | 4 | 0.23 | 0.0 | % | ||||||||||||||||||
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| Performance shares granted |
Achievement of performance Conditions(2) |
Fair value per share at the grant date (€)(3) |
Dividends yields |
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2015 performance units allocation plan |
712,300 | 0 | % | 5.48 | 0.0 | % | ||||||||||
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2016 performance units allocation plan |
2,566,880 | 50 | % | 0.67 | 0.0 | % | ||||||||||
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| (1) |
Corresponds to the average of restated historical volatility and implied volatility. |
| (2) |
Estimated. |
| (3) |
Corresponds to CGG share price at the date of allocation |