Adecoagro S.A. | CIK:0001499505 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Adecoagro S.A. (CIK: 0001499505)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/0001628280-18-005268-index.htm
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    • ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory

    Movements in the number of equity-settled options outstanding and their related weighted average exercise prices under the Adecoagro/ IFH 2004 Stock Incentive Option Plan are as follows:
     
    2017
     
    2016
     
    2015
     
    Average
    exercise
    price per
    share
     
    Options
    (thousands)
     
    Average
    exercise
    price per 
    Share
     
    Options
    (thousands)
     
    Average
    exercise
    price per 
    Share
     
    Options
    (thousands)
    At January 1
    6.66

     
    1,641

     
    6.67

     
    1,696

     
    6.71

     
    1,916

    Forfeited
    —

     
    —

     
    —

     
    —

     
    5.83

     
    (9
    )
    Exercised
    5.83

     
    (7
    )
     
    6.96

     
    (55
    )
     
    7.11

     
    (211
    )
    At December 31
    6.66

     
    1,634

     
    6.66

     
    1,641

     
    6.67

     
    1,696

     
    Options outstanding at year end under this Plan have the following expiry date and exercise prices:
     
    Exercise
    price per share
     
    Shares (in thousands)
    Expiry date (i):
     
    2017
     
    2016
     
    2015
    May 1, 2024
    5.83

     
    496

     
    495

     
    495

    May 1, 2025
    5.83

     
    452

     
    452

     
    461

    January 1, 2026
    5.83

     
    142

     
    150

     
    174

    February 16, 2026
    7.11

     
    103

     
    103

     
    103

    October 1, 2026
    8.62

     
    441

     
    441

     
    463

     
    (i) On May 2014, the Board of directors decided to extend the expired date of the Plan.
    Movements in the number of equity-settled options outstanding and their related weighted average exercise prices under the Adecoagro/ IFH 2007/2008 Equity Incentive Plan are as follows:
     
     
    2017
     
    2016
     
    2015
     
    Average
    exercise
    price per
    share
     
    Options
    (thousands)
     
    Average
    exercise
    price per 
    share
     
    Options
    (thousands)
     
    Average
    exercise
    price per
    share
     
    Options
    (thousands)
    At January 1
    13.07

     
    1,658

     
    13.07

     
    1,701

     
    13.07

     
    1,729

    Forfeited
    13.40

     
    (4
    )
     
    12.98

     
    (43
    )
     
    13.01

     
    (28
    )
    Expired
    12.82

     
    (803
    )
     
    —

     
    —

     
    —

     
    —

    At December 31
    13.31

     
    851

     
    13.07

     
    1,658

     
    13.07

     
    1,701

     
    Options outstanding at year-end under the Adecoagro/ IFH 2007/2008 Equity Incentive Plan have the following expiry date and exercise prices:
     
    Exercise price per share
     
    Shares (in thousands)
    Expiry date:
     
    2017
     
    2016
     
    2015
    From Nov 13, 2017 to Aug 25, 2018
    12.82

     
    105

     
    908

     
    937

    January 30, 2019
    13.40

     
    595

     
    595

     
    608

    June 1, 2019
    12.82

     
    3

     
    3

     
    3

    November 1, 2019
    13.40

     
    11

     
    11

     
    11

    From Jan 30, 2020 to Sep 1, 2020
    13.40

     
    106

     
    110

     
    110

    From Jan 30, 2020 to Sep 1, 2020
    12.82

     
    31

     
    31

     
    31


     
    The following table shows the exercisable shares at year end under both the Adecoagro/ IFH 2004 Incentive Option Plan and the Adecoagro/ IFH 2007/ 2008 Equity Incentive Plan:
     
     
    Exercisable shares
    in thousands
    2017
    2,485

    2016
    3,299

    2015
    3,397