LensCrafters 2011 Annual Report Download - page 254
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ANNUAL REPORT 2011> 178 |
The information requested by IFRS 2 on stock option plans is reported below.
The fair value of the stock options was estimated on the grant date using the binomial
model and following weighted average assumptions:
2011 Ordinary
Plan - for
citizens
resident in the
USA
2011 Ordinary
Plan - for
citizens not
resident in the
USA PSP 2011
Share price at the grant date (in Euro) 22.91 22.,91 22.91
Expected option life 5.56 years 5.56 years 3 years
Volatility 33.35% 33.35% –
Dividend yield 1.85% 1.85% 1.85%
Risk-free interest rate 2.88% 2.88% –
Expected volatilities are based on implied volatilities from traded share options on the
Company’s stock, historical volatility of the Company’s share price and other factors.
The expected option life is based on the historical exercise experience for the Company
based upon the date of grant and represents the period of time that options granted are
expected to be outstanding. The risk-free rate for periods within the contractual life of the
option is based on the US Federal Treasury or European government bond yield curve, as
appropriate, in effect at the time of grant.
The weighted average fair value of the stock options under plans granted in 2011 was
Euro 6.57. The fair value of the 2011 PSP was Euro 21.68.