Peachtree 2012 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2012 Peachtree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

Net debt and capital structure continued
14 Equity
14.1 Ordinary shares
Authorised
2012
£m
2011
£m
1,860,000,000 (2011: 1,860,000,000) ordinary shares of 1p each 18.6 18.6
Issued and fully paid
2012
shares
2012
£m
2011
shares
2011
£m
At 1 October 1,323,837,836 13.2 1,317,360,582 13.2
Proceeds from shares issued 5,679,734 0.1 6,477,254 –
At 30 September 1,329,517,570 13.3 1,323,837,836 13.2
Potential issues of ordinary shares
Executive Share Option Scheme
Certain senior executives hold options to subscribe for shares in the Company at prices ranging from 134.00p to 270.00p under the share option schemes
approved by shareholders. The number of shares subject to options, the periods in which they were granted and the periods in which they may be exercised are
given below:
Date of grant
Exercise price
pence Exercise period
2012
number
2011
number
2 January 2002 228.50 2 January 2005 – 2 January 2012 –1,187,105
31 December 2002 134.00 31 December 2005 – 31 December 2012 100,980 452,468
12 May 2003 147.00 12 May 2006 – 12 May 2013 108,033 262,634
24 December 2003 171.00 24 December 2006 – 24 December 2013 1,517,245 2,438,714
24 May 2004 172.00 24 May 2007 – 24 May 2014 37,791 90,117
6 January 2005 198.00 6 January 2008 – 6 January 2015 863,216 1,373,034
12 May 2005 206.00 12 May 2008 – 12 May 2015 901,595 1,101,446
10 January 2006 258.50 10 January 2009 – 10 January 2016 1,823,515 2,654,089
10 January 2007 270.00 10 January 2010 – 10 January 2017 1,268,375 1,933,437
20 June 2007 248.00 20 June 2010 – 20 June 2017 22,604 30,014
10 January 2008 214.00 10 January 2011 – 10 January 2018 174,496 430,532
6,817,850 11,953,590
Under the above scheme, 4,618,463 1p ordinary shares were issued during the year for aggregate proceeds of £9.8m.
Performance Share Plan
Under the Group’s Performance Share Plan for certain senior executives approved by shareholders on 3 March 2005 and amended at the Annual General
Meeting on 3 March 2009, the following awards have been made:
Date of award Vesting date
2012
number
2011
number
3 March 2009 3 March 2012 –11,379,360
4 March 2010 4 March 2013 7,333,241 7,842,033
10 March 2011 10 March 2014 7,547,001 7,998,296
8 September 2011 8 September 2014 84,413 84,413
12 March 2012 12 March 2015 4,151,025 –
26 June 2012 26 June 2015 12,538 –
19,128,218 27,304,102
Restricted Share Plan
The Group’s Restricted Share Plan is a long-term incentive plan used in limited circumstances and usually on a one-off basis. During the year the following
awards have been made:
Date of award Vesting date
2012
number
2011
number
5 December 2011 5 December 2013 369,818 –
26 June 2012 26 June 2015 350,018 –
719,836 –
110