Ryanair 2011 Annual Report Download - page 170

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168
Details of the share options outstanding are set out below:
Share Options
M
Weighted
Average
Exercise Price
Outstanding at March 31, 2008 ................................................................
......................
34.8 13.04
Exercised ................................................................................................
.......................
(0.7) 12.49
Granted ................................................................................................
..........................
10.0 12.56
Expired ................................................................................................
..........................
(0.2) 12.94
Forfeited ................................................................................................
........................
(2.2) 13.00
Outstanding at March 31, 2009
................................
................................
......................
41.7 12.94
Exercised
................................
................................
................................
.......................
(5.6)
12.60
Expired
................................
................................
................................
..........................
(0.2)
12.83
Forfeited ................................................................................................
........................
(0.1) 12.49
Outstanding at March 31, 2010 ................................................................
......................
35.8 13.00
Exercised ................................................................................................
.......................
(10.6) 1 2.58
Expired ................................................................................................
..........................
(1.8)
1 4.13
Forfeited ................................................................................................
........................
(0.0) 1 3.77
Outstanding at March 31, 2011 ................................................................
......................
23.4 1 3.07
The mid-market price of Ryanair Holdings plc’s ordinary shares on the Irish Stock Exchange at March
31, 2011 was 13.36 (2010: 13.68, 2009: 12.89). The highest and lowest prices at which the Company’s shares
traded on the Irish Stock Exchange in the 2011 fiscal year were 14.20 and 12.78, respectively (2010: 13.77 and
12.74, respectively; 2009: 13.41 and 11.97, respectively). There were 12.9 million options exercisable at March
31, 2011 (2010: 14.1 million; 2009: 15.4 million). The average share price for the year was 13.60 (2010: 13.29,
2009: 12.83).
The weighted average share price (as of the dates of exercises) for all options exercised during the 2011
fiscal year was 13.72 (2010: 13.50; 2009: 13.18).
At March 31, 2011 the range of exercise prices and weighted average remaining contractual life of
outstanding and exercisable options was as follows:
Options outstanding Options exercisable
Range of
exercise
price (1)
Number
outstanding
M
Weighted-
average
remaining
contractual life
(years)
Weighted-
average
exercise
price (1)
Number
exercisable
M
Weighted-
average
remaining
contractual life
(years)
Weighted-
average
exercise
price (1)
2.21 – 4.96 23.4 2.6 3.07 12.9 1.2 3.42
The Company has accounted for its share option grants to employees at fair value, in accordance with
IFRS 2, using a binomial lattice model to value the option grants. This has resulted in a charge of 13.3 million
(2010: 14.9 million; 2009: 13.8 million) being recognised within the income statement in respect of employee
services rendered, which was based on 22.6 million share options within the scope of IFRS 2 (2010: 23.2
million; 2009: 23.7 million) as compared to the total share options disclosed above (as permitted by the
transitional rules in IFRS 1).