Experian 2007 Annual Report Download - page 116

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Introduction | Business review | Governance | Financial statements
Notes to the Group financial statements
for the year ended 31 March 2007
114 |Experian Annual Report2007
31. Share-based payment arrangements (continued)
(iv) Reconciliation of movement in the number of share options
Weighted
Number of average
options exercise price
m£
2006 2006
Options in respect of shares in GUS plc outstanding at the beginning of the year 27.8 6.34
New grants 8.3 8.12
Forfeitures1(1.5) 6.53
Exercised options (5.9) 6.09
Expired options (0.5) 6.60
Options in respect of shares in GUS plc outstanding at the end of the year 28.2 6.90
Options in respect of GUS plc shares exercisable at the end of the year 5.9 6.41
1. For the Savings related share option schemes, this includes non-leavers who have failed the savings requirement.
Weighted
Number of average
options exercise price
m £
2007 2007
Options in respect of shares in GUS plc outstanding at the beginning of the year 28.2 6.90
New grants 7.7 9.26
Forfeitures (0.8) 7.62
Exercised options (7.1) 5.71
Options in respect of shares in GUS plc at demerger 28.0 7.83
Less: options rolled-over into Home Retail Group share plans (10.3) 7.50
Less: GUS awards forfeited post demerger (0.3) 7.21
Less: GUS awards exercised post demerger (0.6) 7.29
GUS options rolled-over into Experian equivalent awards 16.8 8.06
Conversion to Experian Group Limited awards at an average roll-over ratio of 1.76 12.8
Experian equivalent roll-over awards 29.6 4.56
Options in respect of shares in Experian Group Limited granted on or after demerger 4.2 5.61
Forfeitures (0.8) 5.09
Exercises (1.6) 3.72
Options in respect of shares in Experian Group Limited outstanding at the end of the year 31.4 4.73
Options in respect of Experian Group Limited shares exercisable at the end of the year 8.0 3.89
(v) Options outstanding at the end of the year
Options in respect of Experian Group Limited shares outstanding at the end of the year had the following exercise prices and remaining contractual
lives:
At 31 March 2007
Range of Number Weighted Weighted average remaining lives
exercise of average
prices options exercise
price1Expected Contractual
£ m £ years years
2-3 0.2 2.74 1.1 2.3
3-4 7.1 3.71 0.2 3.6
4-5 10.4 4.67 1.7 6.0
5-6 13.8 5.33 3.3 7.7
1. To the extent that options have been rolled-over into Experian demerger plans, the 2007 inputs for share price at grant date and exercise price
have been rebased to be comparable with the Experian Group Limited share price at demerger and reflect the consequent changes to option
terms.