Annual Report and Accounts 2012 - Scapa

25. Retirement benefit liabilities continued
Total
Present value of defined benefit obligation (172.3) (150.9) (150.8) (139.3) (143.3)
Fair value of plan assets 133.4 115.9 112.2 89.9 100.1
Unrecognised past service cost – – – 0.1 0.1
Deficit in the plan (38.9) (35.0) (38.6) (49.3) (43.1)
Experience adjustments on plan liabilities (24.3) 0.5 (11.2) 8.2 10.4
(14.1%) – (7.4%) 5.9% 7.3%
Experience adjustments on plan assets 13.4 1.8 19.7 (17.2) (1.9)
10.0% 1.6% 17.6% (19.1%) (1.9%)
26. Share capital
Allotted, issued and fully paid
146,006,979 (2011: 145,095,883) shares of 5p each 7.3 7.3
The movement in share capital relates to share options (see below).
Potential issues of ordinary shares
Certain senior managers hold options to subscribe for shares in the Company at prices ranging from nil pence per share to 94.5
pence per share under the share options 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:
Scheme Year of grant
2012
£m
2011
£m
2010
£m
Average exercise
price per share Exercise period
2009
£m
2012
£m
Number of
options
2012
2008
£m
2011
£m
Number of
options
2011
Executive share option plan 2000-2002 49p-94.5p up to 20 June 2012 17,500 78,500
Executive share option plan 2006 22.25p up to 31 August 2016 150,000 250,000
Executive share option plan 2007 29.25p up to 20 August 2017 250,000 400,000
Executive share option plan 2007 32.75p up to 10 December 2017 125,000 300,000
Executive share option plan 2008 27.75p up to 7 July 2018 75,000 200,000
US stock option plan 2000-2002 49p-94.5p up to 20 June 2012 5,000 44,500
Performance share plan 2009 nil pence per share up to 6 September 2019 500,000 500,000
Performance share plan 2010 nil pence per share up to 8 June 2020 1,775,000 2,500,000
Performance share plan 2010 nil pence per share up to 29 November 2020 1,500,000 1,500,000
Performance share plan 2011 nil pence per share up to 27 July 2021 755,000 –
Performance share plan 2011 nil pence per share up to 1 December 2021 300,000 –
Sharesave option plan 3 year 2008 24.6p up to 1 September 2011 – 13,266
Sharesave option plan 5 year 2008 24.6p up to 1 September 2013 210,337 234,921
Sharesave option plan 3 year 2009 13p up to 1 September 2012 – 1,025,470
Sharesave option plan 5 year 2009 13p up to 1 September 2014 488,489 488,489
Sharesave option plan 3 year 2012 42.6p up to 1 September 2015 633,689 –
Sharesave option plan 5 year 2012 42.6p up to 1 September 2017 188,729 –
6,973,744 7,535,146
During the year 911,096 options under the 2008 and 2009 Sharesave option plans were exercised. All other movements from 2011
are expired/lapsed options and new grants.
Scapa Group plc Annual Report and Accounts 2012 69
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