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Equity-settled share-based payments Equity-settled share-based payments (Tables) | 12 Months Ended
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Dec. 31, 2017
Share-Based Payment Arrangements [Abstract] |
Disclosure of number and weighted average exercise prices of share options | 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 |
Disclosure of indirect measurement of fair value of goods or services received, other equity instruments granted during period | Key grant-date fair value and other assumptions under the Restricted Share Plan are detailed below:
Grant Date | Apr 1, 2015 |  | May 15, 2015 |  | Apr 1, 2016 |  | May 15, 2016 |  | Apr 1, 2017 |  | May 15, 2017
Fair value | 9.45 |  |  | 8.62 |  |  | 12.63 |  |  | 12.52 |  |  | 11.88 |  |  | 12.14 |
Possibility of ceasing employment before vesting | 5 | % |  | 0 | % |  | 5 | % |  | 0 | % |  | — | % |  | 0 | %
Disclosure of number and weighted average exercise prices of other equity instruments | Movements in the number of restricted shares outstanding under the Restricted Share Plan are as follows:
| Restricted stock units (thousands) |  | Restricted stock units (thousands) |  | Restricted stock units (thousands)
| 2017 |  | 2016 |  | 2015
At January 1 | 1,000 |  |  | 1,018 |  |  | 861 |
Granted (1) | 488 |  |  | 464 |  |  | 626 |
Forfeited | (29 | ) |  | (29 | ) |  | (37 | )
Vested | (490 | ) |  | (453 | ) |  | (432 | )
At December 31 | 969 |  |  | 1,000 |  |  | 1,018 |
(1) Approved by the Board of Directors of March 14, 2017 and the Shareholders Meeting of April 19, 2017

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 47 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_47_b&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_45&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_45_b&doctype=Standard -URIDate 2017-03-09 + Details
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