Vodafone 2004 Annual Report Download - page 99

Annual Report 2004 Vodafone Group Plc
97
Awards of performance shares are granted to directors. The release of these shares is conditional upon achievement of performance targets measured over a
three year period. The awards are granted under the Vodafone Group Long Term Incentive Plan and under the Vodafone Group Plc 1999 Long Term Stock
Incentive Plan referred to above.
Under these plans, the maximum aggregate number of ordinary shares which may be issued in respect of options or awards will not (without shareholder
approval) exceed:
a. 10% of the ordinary share capital of the Company in issue immediately prior to the date of grant, when aggregated with the total number of ordinary shares
which have been allocated in the preceding ten year period under all plans; and
b. 5% of the ordinary share capital of the Company in issue immediately prior to the date of grant, when aggregated with the total number of ordinary shares
which have been allocated in the preceding ten year period under all plans other than the Sharesave Scheme
A summary of the options outstanding at 31 March 2004 to subscribe for shares in the Company is provided in the following table.
Weighted average
Total shares period remaining Exercisable shares Exercisable shares
under option to full vesting Weighted average at 31 March 2004 weighted average
Range of exercise prices (millions) (months) exercise price (millions) exercise price
Ordinary shares:
Vodafone Group Savings Related and Sharesave Schemes
£0.01 – £1.00 38.5 27 £0.78 1.0 £0.63
£1.01 – £2.00 2.6 9 £1.27 0.1 £1.27
£2.01 – £3.00 0.5 6 £2.21 ––
41.6 1.1
Vodafone Group Executive Schemes
£0.01 – £1.00 66.9 11 £0.86 7.7 £0.56
£1.01 – £2.00 72.5 2 £1.57 39.9 £1.57
£2.01 – £3.00 49.8 – £2.74 49.8 £2.74
189.2 97.4
Vodafone Group 1999 Long Term Stock Incentive Plan
£0.01 – £1.00 518.9 15 £0.91 0.5 £0.90
£1.01 – £2.00 413.1 4 £1.40 ––
£2.01 – £3.00 21.2 4 £2.92 7.8 £2.92
953.2 8.3
American Depositary Shares, each representing ten ordinary shares in the Company, are listed on the New York Stock Exchange. Following the merger with
AirTouch, some rights to acquire AirTouch Communications, Inc. 1993 Long Term Stock Incentive Plan options were converted into rights to acquire shares in the
Company. No further awards will be granted under this scheme.
Weighted average
Total ADSs period remaining Exercisable ADSs Exercisable ADSs
under option to full vesting Weighted average at 31 March 2004 weighted average
Range of exercise prices (millions) (months) exercise price (millions) exercise price
American Depositary Shares:
AirTouch Communications, Inc. 1993 Long Term Stock Incentive Plan
$0.01 – $10.00 0.4 – $6.16 0.4 $6.16
$10.01 – $20.00 3.1 – $16.30 3.1 $16.30
$20.01 – $30.00 0.1 – $20.02 0.1 $20.02
$30.01 – $40.00 0.1 – $34.05 0.1 $34.05
3.7 3.7
Vodafone Group 1999 Long Term Stock Incentive Plan
$10.01 – $20.00 5.0 11 $13.90 0.2 $13.65
$20.01 – $30.00 4.8 6 $21.83 1.3 $22.70
$30.01 – $40.00 0.1 – $36.12 0.1 $36.12
$40.01 – $50.00 4.0 – $41.33 3.8 $41.94
$50.01 – $60.00 0.1 – $58.60 0.1 $58.60
14.0 5.5