Aviva 2002 Annual Report Download - page 92

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32 – Ordinary share capital continued
Aviva Executive Option price Number Normally Option price Number Normally
Share Option Scheme p of shares exercisable p of shares exercisable
585.97 25,099 1996 to 2003 1,119.00 61,745 2001 to 2008
547.17 39,252 1997 to 2004 1,016.00 11,023 2001 to 2008
575.29 130,625 1997 to 2004 853.00 673,131 2001 to 2008
542.17 35,283 1998 to 2005 965.00 32,295 2002 to 2009
614.83 6,587 1998 to 2005 870.83 141,490 2002 to 2009
581.17 184,433 1999 to 2006 919.00 1,320,366 2002 to 2009
601.17 23,423 1999 to 2006 947.67 3,165 2002 to 2009
689.17 45,121 1999 to 2006 952.00 28,362 2002 to 2009
677.50 22,443 2000 to 2007 822.00 93,331 2003 to 2010
680.00 65,307 2000 to 2007 972.33 232,194 2003 to 2010
725.50 8,143 2000 to 2007 960.00 1,362,649 2003 to 2010
763.50 3,929 2000 to 2007 1,035.00 2,097,716 2004 to 2011
773.50 71,869 2000 to 2007 499.00 14,282 2005 to 2012
857.00 43,343 2000 to 2007 516.00 4,064,346 2005 to 2012
1073.31 18,797 2001 to 2008
Option price Number Normally Option price Number Normally
Share Option Scheme p of shares exercisable p of shares exercisable
562.85 28,100 1996 to 2003 553.93 256,680 1999 to 2006
463.09 62,210 1997 to 2004 766.42 195,588 2000 to 2007
506.08 122,114 1998 to 2005
Aviva Executive Option price Number Normally Option price Number Normally
Share Option Scheme (Delta Lloyd) p of shares exercisable p of shares exercisable
1,119.00 212,356 1998 to 2003 822.00 597,695 2000 to 2005
965.00 367,435 1999 to 2004 950.00 726,721 2001 to 2006
952.00 25,025 1999 to 2004 739.00 972,140 2002 to 2007
CGU plc Option price Number Normally Option price Number Normally
Deferred Bonus Plan p of shares exercisable p of shares exercisable
899.50 41,731 2002 to 2009 875.00 45,424 2003 to 2010
966.50 10,403 2002 to 2009
At 31 December 2002, awards over a total of 3,672,199 ordinary shares were outstanding under the Aviva Long Term Incentive Plan.
Subject to satisfying performance criteria, these awards will vest in 2003, 2004 and 2005. Further details of this plan can be found
on page 36. The awards will be satisfied by means of shares purchased by employee share trusts set up for the purpose of satisfying
awards under various executive incentive plans and funded by the Company. Details are given in note 29. As at 31 December 2002, the
trusts held 2,008,459 shares with an aggregate nominal value of £0.5 million and their market value at the year end was £8.9 million.
The trustees have waived their right to dividends on the shares held in trust.
As at 31 December 2002, awards over a total of 3,278,807 ordinary shares, and options over a total of 252,694 ordinary shares, were
outstanding under the Aviva Deferred Bonus Plan. These awards will vest in 2003, 2004 and 2005. Shares will be purchased into an
employee share trust to satisfy the vesting awards.
The Company has also established and funded an employee share ownership trust, which has the power to acquire shares in the open
market to meet future obligations under the Company’s Savings Related Share Option Schemes. Alternatively, new shares may be issued
by the Company to meet such obligations.
(c) During 2002, a total of 1,808,766 ordinary shares of 25 pence each were allotted and issued by the Company as follows:
Share capital Share premium
Number of shares £m £m
At 1 January 2,254,928,378 564 1,083
Shares issued under the Group’s Employee and Executive Share Option Schemes 1,716,805 – 10
Shares issued in relation to the acquisition (in 2000) of UK Property Gold Limited 91,961 – 1
At 31 December 2,256,737,144 564 1,094
Ordinary shares in issue in the Company rank pari passu. All the ordinary shares in issue carry the same right to receive all dividends and
other distributions declared, made or paid by the Company.
Notes to the accounts continued
78 Aviva plc
Annual report + accounts 2002