EasyJet 2011 Annual Report Download - page 88

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Notes to the accounts
Continued
17 Share capital
Number Value
2011
million
2010
million
2011
£ million
2010
£ million
Authorised
At beginning and end of the year; ordinary
shares of 25p each 500 500 125 125
Allotted, called up and fully paid
At 1 October 430 425 107 106
Issued during the year under share
incentive schemes 1 5 1 1
At 30 September 431 430 108 107
The weighted average share price for options exercised during the year was £4.31 (2010: £4.01).
easyJet’s employee share trusts hold the following shares. The cost of these has been deducted from retained
earnings:
2011 2010
Number of shares (million) 2 1
Cost (£ million) 7 6
Market value at year end (£ million) 7 5
18 Share incentive schemes
easyJet operates the following share incentive schemes, all of which are equity settled. The change in the
number of awards outstanding and weighted average exercise prices during the year, and the number
exercisable at each year end were as follows:
Grant date
1 October
2010
million
Granted
million
Forfeited
million
Exercised
million
Expired
million
30 September
2011
million
Discretionary schemes
18 January 2001 0.1 – – (0.1) – –
19 January 2004 0.4 – – – – 0.4
8 December 2004 2.9 – – (0.3) – 2.6
1 December 2005 0.4 – – (0.4) – –
Long Term Incentive Plan
3 December 2007 0.4 – (0.4) – – –
29 February 2008 0.2 – (0.2) – – –
16 January 2009 1.5 – (0.3) – – 1.2
16 December 2009 1.5 – (0.6) – – 0.9
5 July 2010 0.5 – – – – 0.5
31 March 2011 – 2.4 – – – 2.4
Sharesave
8 June 2007 0.3 – – – (0.3) –
6 June 2008 2.9 – (0.1) (1.8) – 1.0
5 June 2009 1.2 – (0.1) – – 1.1
10 June 2010 0.6 – (0.2) – – 0.4
1 July 2011 – 2.3 – – – 2.3
Share incentive plan 2.3 2.4 (0.1) (0.3) – 4.3
15.2 7.1 (2.0) (2.9) (0.3) 17.1
86
easyJet plc
Annual report
and accounts 2011