Carphone Warehouse 2001 Annual Report Download - page 49

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Share options
The Group has in issue the following options to purchase ordinary shares in the Company:
1. Unapproved executive share option scheme
Date Exercise Exercisable Expiry Number of options outstanding
options price per share from date 2001 2000
granted £
30/04/94 0.04 14/07/00 30/04/01 –15,000,000
01/04/99 0.25 14/07/00 01/04/09 1,635,000 2,080,000
25/07/99 0.25 14/07/00 25/07/09 200,000 410,000
06/10/99 0.25 14/07/00 06/10/09 –400,000
01/04/99 0.50 14/07/00 01/04/09 890,000 940,000
25/07/99 0.50 14/07/00 25/07/09 359,000 380,000
06/10/99 0.50 14/07/00 06/10/09 200,000 200,000
06/10/99 0.50 30/06/01 06/10/09 120,000 120,000
01/02/00 0.80 14/07/00 01/02/10 500,000 1,000,000
01/02/00 0.80 30/06/02 01/02/10 300,000 –
01/02/00 1.00 14/07/00 01/02/10 1,000,000 1,000,000
01/02/00 1.00 30/06/03 01/02/10 200,000 –
31/03/01 1.25 31/03/04 31/03/11 125,000 –
24/06/00 1.50 14/07/00 24/06/10 4,000,000 –
25/05/00 1.50 25/05/01 25/05/10 125,000 –
19/05/00 1.50 19/05/02 19/05/10 10,156,500 –
19/05/00 2.00 19/05/02 19/05/10 850,000 –
20,660,500 21,530,000
In addition to the above 7,343,900 further options were awarded on 21 May 2001 at an exercise price of £1.25, exercisable after 21 May
2004, and expiring on 21 May 2011.
2. Employee share option schemes
Date Exercise Exercisable Expiry Number of options outstanding
options price per share from date 2001 2000
granted £
31/12/99 – 01/01/01 31/12/09 389,350 755,557
05/06/00 1.50 01/01/02 05/06/10 561,300 –
950,650 755,557
At 31 March 2001 there were 7,381,918 outstanding options to subscribe for shares in the Group’s subsidiary, MViva, at exercise prices
between £0.10 and £3.13. This represents 6.9% of the enlarged issued share capital of this subsidiary.
The Carphone Warehouse Group ShareSave Scheme, a ‘Save As You Earn’ scheme, was launched in April 2001. UK employees can enter
into this Inland Revenue approved savings scheme for a period of three or five years, whereby shares may be acquired. The option price is
the average market price over the three days before an offer to subscribe, discounted by a maximum of 20%.
Options are exercisable within a six month period from the conclusion of a three or five year period. As a result of the take up,
2,630,868 shares are to be allocated to the scheme over the respective three and five year periods.
The Carphone Warehouse Group PLC Annual Report 2001 47