Barclays 2011 Annual Report Download - page 262
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Notes to the financial statements
For the year ended 31 December 2011 continued
38 Share based payments continued
The weighted average contractual remaining life and number of options and awards outstanding (including those exercisable) at the balance sheet date
are as follows:
2011 2010
Weighted
average
remaining
contractual
life in years
Number of
options/
awards
outstanding
(000s)
Weighted
average
remaining
contractual
life in years
Number of
options/
awards
outstanding
(000s)
SVPa,b 2 392,638 2 226,842
ESASa,c 2 252,028 3 383,483
Othersa0 - 4 214,362 0 - 4 175,252
There were no significant modifications to the share based payments arrangements in the years 2011, 2010 and 2009.
As at 31 December 2011, the total liability arising from cash-settled share based payments transactions was £12m (2010: £23m).
Treasury Shares
The Group, through various employee benefit trusts, holds shares in Barclays PLC (‘treasury shares’) to meet its obligations under its share based
payment schemes. The total number of Barclays shares held in Group employee benefit trusts at 31 December 2011 was 3.9 million (2010: 259.0
million). The reduction is due to a change in the funding approach by the trustee, whereby holdings of treasury shares have been replaced with
instruments that hedge the economic exposure to movements in the Barclays share price. Dividend rights have been waived on nil (2010: nil) of these
shares. The total market value of the shares held in trust based on the year end share price of £1.74 (2010: £2.61) was £6.8m (2010: £676m).
Notes
a Options/award granted over Barclays PLC shares.
b Nil cost award.
c Nil cost options.
260 Barclays PLC Annual Report 2011 www.barclays.com/annualreport