Shareholdings and loans

Loans granted to members of governing bodies

As at December 31, 2015, there were no loans outstanding to members of Senior Management. There were no loans to members of the Board of Directors or to parties closely related to members of governing bodies.

Share ownership information

Shares owned by non-executive directors

On December 31, 2015, non-executive members of the Board of Directors held a total of 98,290,130 registered shares in LafargeHolcim Ltd. This number comprises privately acquired shares and those allotted under participation and compensation schemes. As of the end of 2015 one non-executive member of the Board of Directors held options from compensation and participation schemes.

Until the announcement of market-relevant information or projects, the Board of Directors, Senior Management and any employees involved are prohibited from effecting transactions with equity securities or other financial instruments of LafargeHolcim Ltd, exchange-listed Group companies or potential target companies (trade restriction period).

Number of shares and options held by the Board of Directors as of December 31, 20151

Name

Position

Total number of shares 2015

Total number of call options 2015

1

From allocation, shares are subject to a five-year sale and pledge restriction period.

2

Mr Lafont has accepted the liquidity mechanism described below. At the end of December 2015, Mr Lafont held 397,670 Lafarge stock options which he received between 2006 and 2012, and 50,538 rights to receive Lafarge shares granted in 2013 and 2014, subject to performance conditions. Lafarge shares resulting from the future exercise of stock options and from the delivery of performance shares will be exchanged for LafargeHolcim shares applying the relevant exchange ratio (which was 0.945 LafargeHolcim share for 1 Lafarge share at the end of December 2015).

Wolfgang Reitzle

Chairman

6,455

 

Beat Hess

Vice-Chairman

6,400

 

Bruno Lafont

Co-Chairman

43,810

448,2082

Bertrand Collomb

Member

116,094

 

Philippe Dauman

Member

0

 

Paul Desmarais Jr.

Member, Nomination, Compensation & Governance Committee Chairman

35,957

 

Oscar Fanjul

Member

4,772

 

Alexander Gut

Member, Finance and Audit Committee Chairman

5,769

 

Gérard Lamarche

Member

1,080

 

Adrian Loader

Member

12,490

 

Nassef Sawiris

Member

28,935,639

 

Thomas Schmidheiny

Member

69,068,278

 

Hanne Sørensen

Member

2,527

 

Dieter Spälti

Member, Strategy and Sustainable Development Committee Chairman

50,859

 

Total Board of Directors

 

98,290,130

448,206

Number of shares and options held by the Board of Directors as of December 31, 20141

Name

Position

Total number of shares 2014

Total number of call options 2014

1

From allocation, shares are subject to a five-year sale and pledge restriction period.

Wolfgang Reitzle

Chairman, Governance & Strategy Committee Chairman

2,241

 

Beat Hess

Vice-Chairman

4,693

 

Alexander Gut

Member, Audit Committee Chairman

4,092

 

Adrian Loader

Member, Nomination & Compensation Committee Chairman

10,493

 

Jürg Oleas

Member

0

 

Thomas Schmidheiny

Member

65,777,912

 

Hanne Sørensen

Member

1,015

 

Dieter Spälti

Member

41,912

 

Anne Wade

Member

985

 

Total Board of Directors

 

65,843,343

 

Shares and options owned by Executive Committee

As of December 31, 2015, members of the Executive Committee held a total of 91,764 registered shares in LafargeHolcim Ltd. This figure includes both privately acquired shares and those allocated under the Group’s participation and compensation schemes.

Furthermore, at the end of 2015, the Executive Committee held a total of 504,953 stock options; these arose as a result of the participation and compensation schemes of various years.

Options are issued solely on registered shares in LafargeHolcim Ltd. One option entitles the holder to subscribe to one registered share in LafargeHolcim Ltd.

Number of shares and options held by the Executive Committee as of December 31, 20151

Name

Position

Total number of shares 2015

Total number of options 2015

1

From allocation, shares are subject to a five-year and options to a three-year and nine-year sale restriction period respectively.

Eric Olsen

CEO

8,272

68,050

Ron Wirahadiraksa

Member of the Executive Committee, CFO

0

0

Urs Bleisch

Member of the Executive Committee

7,443

50,069

Alain Bourguignon

Member of the Executive Committee

10,518

14,216

Pascal Casanova

Member of the Executive Committee

1,643

18,031

Jean-Jacques Gauthier

Member of the Executive Committee

4,413

63,637

Roland Köhler

Member of the Executive Committee

28,882

106,991

Gérard Kuperfarb

Member of the Executive Committee

5,115

66,083

Saâd Sebbar

Member of the Executive Committee

6,356

15,669

Ian Thackwray

Member of the Executive Committee

19,122

102,207

Total Executive Committee

 

91,764

504,953

Number of shares and options held by the senior management as of December 31, 20141

Name

Position

Total number of shares 2014

Total number of options 2014

1

From allocation, shares are subject to a five-year and options to a three-year and nine-year sale restriction period respectively.

Bernard Fontana

CEO

10,113

73,794

Thomas Aebischer

Member of the Executive Committee, CFO

12,285

67,474

Urs Bleisch

Member of the Executive Committee

3,921

38,563

Roland Köhler

Member of the Executive Committee

18,291

87,495

Andreas Leu

Member of the Executive Committee

19,302

69,934

Bernard Terver

Member of the Executive Committee

25,439

49,123

Ian Thackwray

Member of the Executive Committee

11,696

81,719

Horia Adrian

Area Manager

2,500

4,251

Daniel Bach

Area Manager

1,785

0

Alain Bourguignon

Area Manager

4,358

0

Javier de Benito

Area Manager

23,737

16,501

Urs Fankhauser

Area Manager

6,175

11,077

Kaspar E.A. Wenger

Area Manager

19,932

4,952

Jacques Bourgon

Corporate Functional Manager

5,480

24,872

Xavier Dedullen

Corporate Functional Manager

333

2 373

Aidan Lynam

Corporate Functional Manager

8,360

16,056

Total senior management

 

173,707

548,184

Liquidity mechanism for remaining rights under the Lafarge long term incentive plans

Following the success of the public exchange offer on Lafarge S.A. and the completion of the subsequent squeeze-out of Lafarge shares, LafargeHolcim has proposed a liquidity mechanism for (i) Lafarge shares that may be issued following the exercise on or after October 23, 2015 of stock options that have been allocated pursuant to the Lafarge stock option plans; or (ii) Lafarge shares that may be definitively allotted on or after October 23, 2015 in accordance with the Lafarge performance shares plans.

Four members of the LafargeHolcim Executive Committee, including the Chief Executive Officer, have accepted this mechanism which will translate into an exchange of their Lafarge shares for LafargeHolcim shares. This exchange will take place at the end of the holding period (i.e. up to March 2019) for performance shares or following the exercise of stock options (all non-exercised options will lapse at the end of 2020 at the latest), applying the relevant exchange ratio to maintain the initial parity of the public exchange offer (at the end of December 2015, the exchange ratio is 0.945 LafargeHolcim share for 1 Lafarge share).

The following table presents the rights of the Executive Committee members that are still under vesting period or holding period under the Lafarge performance shares plans and the non-exercised Lafarge stock options as of December 31, 2015.

Beneficiaries

Lafarge (Performance shares)

Lafarge (Stock options)

Eric Olsen

11,583

68,050

Jean-Jacques Gauthier

15,285

63,637

Gérard Kuperfarb

11,583

66,083

Saâd Sebbar

4,023

15,669

Pascal Casanova

5,629

18,031

All these rights were granted before the merger.

The share options outstanding held by (including former members) at year-end 2015 have the following expiry dates and exercise prices:

Option grant date

Expiry date

Exercise price1

Number1 2015

Number1 2014

1

Adjusted to reflect former share splits and/or capital increases and/or scrip dividend

2

Due to trade restrictions in 2008, the expiry date of the annual options granted for the years 2003 to 2005 has been extended by one year.

3

These options were granted through the Lafarge stock options plans. The figures presented in this table are based on the application of the actual exchange ratio of 0.945, which can be adjusted in the future.

2004

20162

CHF

63.50

15,550

23,550

2007

2015

CHF

125.34

0

49,674

2008

2016

CHF

99.32

71,083

71,083

2008

2020

CHF

62.95

33,550

33,550

2009

2017

CHF

35.47

70,502

153,482

2010

2018

CHF

67.66

95,557

99,493

2010

2022

CHF

70.30

33,550

33,550

2010

2022

CHF

76.10

33,550

33,550

2011

2019

CHF

63.40

113,957

113,957

2011

2023

CHF

66.35

0

67,100

2012

2020

CHF

54.85

165,538

179,894

2012

2024

CHF

61.90

0

33,550

2013

2021

CHF

67.40

122,770

122,770

2013

2025

CHF

64.65

11,183

11,183

2014

2022

CHF

64.40

99,532

99,532

2014

2026

CHF

64.40

33,550

33,550

2015 (20063)

2016

CHF

91.24

28,926

0

2015 (20073)

2017

CHF

119.71

29,276

0

2015 (20083)

2018

CHF

103.95

76,942

0

2015 (20093)

2019

CHF

33.22

25,166

0

2015 (20103)

2020

CHF

55.44

22,125

0

2015 (20113)

2020

CHF

48.09

24,675

0

2015 (20123)

2020

CHF

38.91

24,360

0

2015

2023

CHF

66.85

144,970

0

2015

2023

CHF

63.55

47,333

0

2015

2025

CHF

50.19

457,336

0

Total

 

 

 

1,780,981

1,159,468