Tesco 2008 Annual Report Download - page 107

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Tesco PLC Annual Report and
Financial Statements 2008 105
Note 11 Share-based payments continued
For the year ended 24 February 2007
Savings-related Approved Unapproved Nil cost
share option scheme share option scheme share option scheme share options
Options WAEP Options WAEP Options WAEP Options WAEP
Outstanding at
25 February 2006 42,474 203.95 43,965 272.93 12,068,027 245.83 3,459,458 0.00
Granted 7,462 307.00 9,416 318.60 2,664,782 318.60 2,350,549 0.00
Exercised (7,687) 198.00 – 0.00 (3,432,462) 219.84 – –
Outstanding at
24 February 2007 42,249 223.23 53,381 280.99 11,300,347 270.90 5,810,007 0.00
Exercisable as at
24 February 2007 – – 15,189 197.50 3,726,996 221.60 – –
Exercise price range 164.00 to
(pence) – – – 197.50 – 259.00 – –
Weighted average remaining
contractual life (years) – – – 6.16 – 4.58 – –
b) Share bonus schemes
The number and weighted average fair value (WAFV) of share bonuses awarded during the period relating to Tesco PLC employees are:
2008 2007
Shares WAFV Shares WAFV
number pence number pence
Shares in Success 4,464 470.45 6,570 319.65
Executive Incentive Scheme 176,135 401.90 ––
Performance Share Plan 160,030 471.10 204,444 346.25
US Long-term Incentive Plan 2,000,000 471.10 ––
Note 12 Pensions
The total cost of the pension scheme to the Group was £414m (2007 – £167m). Further disclosure relating to the Tesco PLC Pension Scheme can be
found in note 24 of the Group financial statements.