EasyJet 2012 Annual Report Download - page 88

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Accounts & other information
Notes to the accounts
continued
17 Share capital
Number Value
2012
million
2011
million
2012
£ million
2011
£ million
Authorised
At 30 September 2011; ordinary shares of 25 pence each – 500 – 125
At 30 September 2012; new ordinary shares of 272/7 pence each 458 – 125 –
Allotted, called up and fully paid
At 1 October 431 430 108 107
Issued during the year under share incentive schemes 1 1 – 1
Effect of share consolidation (36) – – –
At 30 September 396 431 108 108
On 5 March 2012, following the special dividend, the shares of easyJet plc were consolidated. The share consolidation replaced every
12 existing ordinary shares of 25 pence each with 11 new ordinary shares of 27 2/7 pence each. The impact of the share consolidation
on the number of allotted, called up and fully paid shares is 36 million.
There is no change in the total value of the Company’s issued share capital.
The weighted average share price for options exercised during the year was £4.57 (2011: £4.31) easyJet’s employee share trusts hold the
following shares. The cost of these has been deducted from retained earnings:
2012 2011
Number of shares (million) 3 2
Cost (£ million) 12 7
Market value at year end (£ million) 17 7
18 Share incentive schemes
easyJet operates the following share incentive schemes, all of which are equity-settled. The change in the number of awards
outstanding and weighted average exercise prices during the year, and the number exercisable at each year end were as follows:
Grant date
1 October
2011
million
Granted
million
Forfeited
million
Share
consolidation
million
Exercised
million
30 September
2012
million
Discretionary schemes
19 January 2004 0.4 – – – (0.2) 0.2
8 December 2004 2.6 – – – (1.2) 1.4
Long Term Incentive Plan
16 January 2009 1.2 – (0.1) – (0.8) 0.3
16 December 2009 0.9 – – – – 0.9
5 July 2010 0.5 – – – – 0.5
31 March 2011 2.4 – (0.1) – – 2.3
4 January 2012 – 2.7 – – – 2.7
Sharesave
6 June 2008 1.0 – (0.1) – (0.9) –
5 June 2009 1.1 – – – (0.9) 0.2
10 June 2010 0.4 – (0.1) – – 0.3
1 July 2011 2.3 – (0.1) – – 2.2
1 July 2012 – 1.0 – – – 1.0
Share incentive plan 4.3 2.0 (0.1) (0.4) (0.3) 5.5
17.1 5.7 (0.6) (0.4) (4.3) 17.5
easyJet plc
Annual report and accounts 2012
86