Holiday Inn 2012 Annual Report Download - page 80

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78 IHG Annual Report and Financial Statements 2012
Share options
Between 2003 and 2005, grants of options were made under the IHG Executive Share Option Plan. No price was paid for the grant of these
options. The performance conditions that applied to these options were satisfied when they became exercisable. No executive share options
have been granted since 2005.
Ordinary shares under option Weighted
Options Lapsed Exercised Share price Options average option
held at during during on date of held at price at Option
Directors 1 Jan 2012 the year the year exercise 31 Dec 2012 31 Dec 2012 price
Richard Solomons 230,3201 230,3201 494.17p
100,5502 100,5502 619.83p
Total 330,870 – – 330,870 532.36p
Kirk Kinsell 77,1101 77,110 1,577.63p 494.17p
32,0402 32,040 1,577.63p 619.83p
Total 109,150 – 109,150 –
1 Executive share options granted in 2004 became exercisable in April 2007 up to April 2014.
2 Executive share options granted in 2005 became exercisable in April 2008 up to April 2015.
Option prices during the year ranged from 308.48p to 619.83p per IHG share. The closing market value 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.
The gain made by Directors in aggregate on the exercise of options during the year 2012 was £1,142,334.
This Directors’ Remuneration Report was approved by the Board on 18 February 2013.
Luke Mayhew
Chairman of the Remuneration Committee
Governance: Directors’ Remuneration Report continued