Experian 2008 Annual Report Download - page 127

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125Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Governance
38 – 64
Financial statements
Group financial statements
Financial statements
Group financial statements
35. Share-based payment arrangements (continued)
(vi) Reconciliation of movement in the number of share options (continued)
Number Weighted average
of options exercise price
2007 2007
m £
Options in respect of shares in GUS plc outstanding at 1 April 2006 28.2 6.90
New grants 7.7 9.26
Forfeitures1 (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 options forfeited post demerger (0.3) 7.21
Less: GUS options exercised post demerger (0.6) 7.29
GUS options rolled into Experian equivalent options 16.8 8.06
Conversion to Experian Group Limited options at the average roll-over ratio of 1.76 12.8
Experian equivalent roll-over options 29.6 4.56
Options in respect of shares in Experian Group Limited granted on or after demerger 4.2 5.61
Forfeitures1 (0.8) 5.09
Exercised options (1.6) 3.72
Options in respect of shares in Experian Group Limited outstanding at 31 March 2007 31.4 4.73
Options in respect of shares in Experian Group Limited exercisable at 31 March 2007 8.0 3.89
1. For arrangements which are ‘save as you earn’ in nature, this includes non-leavers who have failed the savings requirement.
(vii) Options in respect of Experian Group Limited shares outstanding at the end of the year
At 31 March 2008
Range of Number Weighted
exercise of average Weighted average remaining lives
prices options exercise
price 1
£ m £ Expected years Contractual years
2-3 0.2 2.85 0.4 1.1
3-4 4.2 3.75 0.6 2.8
4-5 11.9 4.62 1.5 5.1
5-6 12.7 5.34 2.6 6.9
6-7 1.1 6.12 3.4 9.2
30.1 4.85
At 31 March 2007
Range of Number Weighted
exercise of average Weighted average remaining lives
prices options exercise
price 1
£ m £ Expected years Contractual 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
31.5 4.73
1. To the extent that GUS options have been rolled over into the Experian plans, the 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 to reflect the consequent changes to option terms.