Tesco 2014 Annual Report Download - page 132

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For the year ended 23 February 2013
Savings-related
Share Option Scheme
Approved
Share Option Scheme
Unapproved
Share Option Scheme
Nil cost
share options
Options WAEP Options WAEP Options WAEP Options WAEP
Outstanding at 26 February 2012 25,912 355.62 64,330 373.06 14,368,570 385.59 16,030,275 0.00
Granted 3,189 282.00 – – – – 3,606,494 0.00
Forfeited (11,711) 348.94 (7,146) 419.80 (379,704) 419.80 (2,991,480) 0.00
Exercised – – – – – – (2,327,513) 0.00
Outstanding at 23 February 2013 17,390 346.61 57,184 367.22 13,988,866 384.66 14, 317,776 0.00
Exercisable as at 23 February 2013 3,276 410.00 28,600 314.6 8 11,218 ,026 375.98 5,630,056 0.00
Exercise price range (pence) –410.00 –
312.75
to 318 .60 –
312.75
to 473.75 –0.00
Weighted average remaining contractual life (years) –0.20 –2.51 –4.74 –5.24
Share bonus schemes
The number and WAFV of share bonuses awarded during the financial year relating to the Company employees are:
2014 2013
Shares
number
WAFV
pence
Shares
number
WAFV
pence
Shares In Success 847 383.55 – –
Executive Incentive Scheme – – 37,424 308.25
Performance Share Plan – – 649,113 317.10
Note 12 Pensions
The total cost of the pension scheme to the Company was £2.3m (2013: £1.5m). Further disclosure relating to the Tesco PLC Pension Scheme can be found in
Note 26 of the Group financial statements.
Note 13 Called up share capital
2014 2013
Ordinary shares of 5p each Ordinary shares of 5p each
Number £m Number £m
Allotted, called up and fully paid:
At beginning of the year 8,054,054,930 403 8,031,812,445 402
Share options 19,662,145 118,632,251 1
Share bonus awards 22,104,016 13,610,234 –
At end of the year 8,095,821,091 405 8,054,054,930 403
During the financial year, 20 million (2013: 19 million) ordinary shares of 5p each were issued in relation to share options for an aggregate consideration of
£61m (2013: £57m).
During the financial year, 22 million (2013: 4 million) ordinary shares of 5p each were issued in relation to share bonus awards for an aggregate consideration
of £1.1m (2013: £0.2m).
Between 23 February 2014 and 11 April 2014 options over 942,705 ordinary shares were exercised under the terms of the Savings-related Share Option
Scheme (1981) and the Irish Savings-related Share Option Scheme (2000). Between 23 February 2014 and 11 April 2014, options over 2,207,051 ordinary
shares were exercised under the terms of the Executive Share Option Schemes (1994 and 1996) and the Discretionary Share Option Plan (2004).
As at 22 February 2014, the Directors were authorised to purchase up to a maximum in aggregate of 806.5 million (2013: 804.0 million) ordinary shares.
The holders of ordinary shares are entitiled to receive dividends as declared from time to time and are entitled to one vote per share at general meetings
of the Company.
Note 11 Share-based payments continued
Other information
Governance Financial statementsStrategic report
Tesco PLC Annual Report and Financial Statements 2014 129