Holiday Inn 2012 Annual Report Download - page 127

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OVERVIEW BUSINESS REVIEW GOVERNANCE
GROUP FINANCIAL
STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS OTHER INFORMATION
Notes to the Group Financial Statements 125
27. Share-based payments continued
Movements in the awards and options outstanding under the schemes are as follows:
ABP LTIP
Number of shares Number of shares
thousands thousands
Outstanding at 1 January 2011 1,274 11,342
Granted 528 3,257
Vested (702) (3,454)
Lapsed or cancelled (150) (2,115)
Outstanding at 31 December 2011 950 9,030
Granted 341 2,699
Vested (643) (2,621)
Share capital consolidation (18) –
Lapsed or cancelled (8) (1,948)
Outstanding at 31 December 2012 622 7,160
Fair value of awards granted during the year
2012 2,199.8¢ 792.5¢
2011 2,141.1¢ 819.7¢
Weighted average remaining contract life (years)
At 31 December 2012 1.6 1.2
At 31 December 2011 0.9 1.0
The above awards do not vest until the performance and service conditions have been met.
Weighted
Number Range of average
of shares option prices option price
thousands pence pence
Executive Share Option Plan
Outstanding at 1 January 2011 3,291 308.5-619.8 489.3
Exercised (1,075) 308.5-619.8 476.5
Lapsed or cancelled (46) 422.8 422.8
Outstanding at 31 December 2011 2,170 308.5-619.8 497.0
Exercised (1,365) 308.5-619.8 492.8
Lapsed or cancelled (107) 434.2 434.2
Outstanding at 31 December 2012 698 438.0-619.8 514.8
Options exercisable
At 31 December 2012 698 438.0-619.8 514.8
At 31 December 2011 2,170 308.5-619.8 497.0
Included within the options outstanding under the Executive Share Option Plan are options over nil (2011 458,814, 2010 902,412) shares that have not been recognised in
accordance with IFRS 2 as the options were granted on or before 7 November 2002. These options, relating to former Six Continents share schemes, have not been subsequently
modified and therefore do not need to be accounted for in accordance with IFRS 2.
The weighted average share price at the date of exercise for share options vested during the year was 1,409.5p. The closing share price on
31 December 2012 was 1,707.0p and the range during the year was 1,157.0p to 1,725.0p per share.
Summarised information about options outstanding at 31 December 2012 under the share option schemes is as follows:
Options outstanding and exercisable
Weighted
average Weighted
Number remaining average
outstanding contract life option price
Range of exercise prices (pence) thousands years pence
Executive Share Option Plan
438.0 66 0.4 438.0
491.8 to 494.2 487 1.2 493.9
619.8 145 2.3 619.8
698 1.3 514.8