Carphone Warehouse 2003 Annual Report Download - page 38

Notes to the Financial Statements continued
36
The Carphone Warehouse Group PLC Annual Report 2003
23 Share capital continued
Share options
The Group has issued the following options to purchase ordinary shares in the Company:
1. Unapproved executive share option scheme
Exercise Number of options outstanding
price per share Exercisable Expiry
Date options granted £ from date 2003 2002
01/04/99 0.25 14/07/00 01/04/09 1,435,000 1,635,000
02/04/99 0.80 20/01/01 02/04/09 666,660 666,660
25/07/99 0.25 14/07/00 25/07/09 10,000 200,000
01/04/99 0.50 14/07/00 01/04/09 890,000 890,000
25/07/99 0.50 14/07/00 25/07/09 329,000 349,000
06/10/99 0.50 14/07/00 06/10/09 200,000 200,000
06/10/99 0.50 30/06/01 06/10/09 120,000 120,000
01/02/00 0.80 14/07/00 01/02/10 500,000 500,000
01/02/00 0.80 30/06/02 01/02/10 200,000 300,000
02/04/99 1.00 21/07/02 02/04/09 166,665 166,665
02/04/99 1.00 21/07/03 02/04/09 166,665 166,665
01/02/00 1.00 14/07/00 01/02/10 1,000,000 1,000,000
01/02/00 1.00 30/06/03 01/02/10 200,000 200,000
19/05/00 1.50 19/05/02 19/05/10 9,107,200 9,250,200
19/05/00 2.00 19/05/02 19/05/10 600,000 850,000
21/05/01 1.25 21/05/04 21/05/11 6,977,809 7,509,646
01/12/01 1.30 01/12/04 01/12/11 430,648 430,648
25/03/02 0.80 25/03/05 25/03/12 1,000,000 1,000,000
11/06/02 0.83 11/06/05 11/06/12 7,949,761 –
28/11/02 0.86 28/11/05 28/11/12 181,977 –
32,131,385 25,434,484
It is proposed to award a further 6,844,443 options in June 2003 at an exercise price to be determined at that time.
2. Employee share option schemes
Exercise Number of options outstanding
price per share Exercisable Expiry
Date options granted £ from date 2003 2002
31/12/99 – 01/01/01 31/12/09 343,600 357,950
05/06/00 1.50 01/01/02 05/06/10 430,200 514,300
773,800 872,250
The savings-related share option scheme permits the grant to employees of options linked to a bank save-as-you-earn contract for a term of three
or five years with contributions from employees of an amount between £5 and £250 per month. Options may be exercised at the end of the three or
five year period at a subscription price not less than 80% of the middle market quotation of an ordinary share immediately prior to the date of grant.
The following options were outstanding at 29 March 2003:
Exercise Number of options outstanding
price per share Exercisable Expiry
Date options granted £ from date 2003 2002
30/05/01 1.00 30/05/04 30/11/04 777,654 1,540,703
30/05/01 1.00 30/05/06 30/11/06 526,486 1,080,350
03/07/02 0.67 03/07/05 03/01/06 1,331,480 –
03/07/02 0.67 03/07/07 03/01/08 555,169 –
3,190,789 2,621,053
3. Other share options
At 29 March 2003 there were 4,000,000 (2002 – 4,000,000) options to subscribe for shares in the Company at an exercise price of £1.50 expiring
on 24 June 2010.
24 Reserves
Capital
Profit and Share redemption
loss account premium reserve Total
£’000 £’000 £’000 £’000
Group
At 30 March 2002 47,085 359,305 30 406,420
Retained profit for the financial period 13,340 – – 13,340
Currency translation 3,021 – – 3,021
Issue of share capital (282) 36,171 – 35,889
At 29 March 2003 63,164 395,476 30 458,670
Company
At 30 March 2002 24,011 359,305 – 383,316
Retained loss for the financial period (8,540) – – (8,540)
Issue of share capital – 36,171 – 36,171
At 29 March 2003 15,471 395,476 – 410,947
In accordance with the exemption permitted by section 230 of the Companies Act 1985, the profit and loss account of the Company is not
separately presented. The profit attributable to the shareholders of the Company for the period is £0.2m (2002 – £23.5m).