Barclays 2008 Annual Report Download - page 265

3
Financial statements
45 Share-based payments (continued)
The exercise price range, the weighted average contractual remaining life and number of options outstanding (including those exercisable) at the balance
sheet date are as follows:
2008 2007
Weighted Weighted
average average
remaining Number remaining Number
contractual of options contractual of options
Exercise Price Range life in years outstanding life in years outstanding
Sharesave a
£1.44-£2.49 3 2,121,926 ––
£2.50-£3.49 4 54,437,940 – 328,822
£3.50-£4.49 1 19,986,642 2 40,371,606
£4.50-£5.49 3 17,584,689 4 33,327,119
Sharepurchasea, d 2 6,960,593 2 3,824,021
ESASa, d 3 267,936,513 3 182,200,170
ISPa, d 2 7,099,655 ––
PSPa, d 1 50,729,245 1 63,162,894
BGI EOPb
£6.11-£13.99 4 101,000 4 239,717
£14.00-£20.11 5 236,503 6 285,671
£20.12-£56.94 6 759,213 7 1,059,430
£56.95-£95.33 8 5,487,520 9 5,916,863
Absa BEEc
£3.16-£4.55 1 73,152,300 2 73,152,300
AGLSITc
£1.66-£7.50 6 9,967,000 7 13,618,000
AGLSOTc
£3.16-£4.55 1 559,000 2 946,000
AGLESASc, d 3 1,015,000 3 37,059
ISOPa
£2.50-£3.49 4 3,862,322 5 3,965,300
£3.50-£4.49 2 1,558,449 3 1,409,828
£4.50-£5.49 4 14,899,933 5 14,896,227
£5.50-£6.49 7 225,894 7 277,096
ESOSa
£2.50-£3.49 ––– 4,000
£3.50-£4.49 1 472,561 1 1,418,818
Woolwich ESOPa
£2.50-£3.49 1 89,644 2 110,616
£3.50-£4.49 1 352,961 2 429,584
There were no modifications to the share-based payment arrangements in the years 2008, 2007 and 2006. As at 31st December 2008, the total liability
arising from cash-settled share-based payment transactions was £23m (2007: £16m).
At 31st December 2008, 6.6 million (2007: 7.5 million) options were outstanding under the terms of the BGI EOP (which would represent a 7.3% interest
if exercised). Employees in BGI own 4.5% of the shares in Barclays Global Investors UK Holdings Limited (2007: 5.9%). If all the current options were
exercised, £516.9m (2007: £567.6m) would be subscribed. Since the scheme was introduced, options over 21.5 million (2007: 20.9 million) shares have
been exercised, of which 3.8 million are still held by employees and represent a minority interest in the Group.
At 31st December 2008, there were 73.2 million, 10 million and 0.6 million options granted over Absa Group Limited shares under the Absa Group
Limited Black Economic Empowerment Transaction, Absa Group Limited Share Incentive Trust and Absa Group Limited Share Ownership Administrative
Trust respectively. In aggregate, these options would represent a 11.0% interest in Absa Group Limited if exercised.
Impact of capital raising
During 2008, the number of shares in each award or option has been increased by 2.68% and any corresponding option exercise price has been
decreased by 2.68% to reflect the impact of the capital raising in July. No adjustments were made for any other capital raising during 2008.
Barclays PLC Annual Report 2008 263
Notes
aOptions/award granted over Barclays PLC shares.
bOptions/award granted over Barclays Global Investors UK Holdings Limited shares.
cOptions/award granted over Absa Group Limited shares.
dNil cost award.