4.0 - Imperial
4.0 - Imperial
4.0 - Imperial
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17. Share capital (continued)<br />
Share option scheme – details of unexercised options by year of grant continued<br />
Financial Statements<br />
Upon exercise by participants the group will settle the value of the difference between the exercise and grant price by delivering<br />
shares, alternatively as a fall-back provision only by settling the value in cash.<br />
No dilution is expected as it is intended to acquire the necessary shares in the market and appropriate hedges have been established.<br />
Deferred bonus plan – details of shares by year of grant #<br />
Number<br />
Grant date of rights Expiry date<br />
June 2008 262 524 September 2012<br />
June 2009 155 341 September 2012<br />
Total unexercised rights at end of year 417 865<br />
Deferred bonus plan – details of rights taken up #<br />
Number<br />
Rights taken up of rights Vesting date<br />
July 2008 182 994 September 2011<br />
#<br />
Rights entitle participants to invest a portion of their after-tax bonus in <strong>Imperial</strong> shares, which, if held for three years, will be matched<br />
by the company on a one-for-one basis by the allocation of an equal number of <strong>Imperial</strong> shares for no consideration.<br />
Directors’ Interests in issued share capital<br />
At year-end the aggregate shareholdings of the directors in the issued ordinary share capital of the company were as detailed below.<br />
2009 2008<br />
Beneficial Non-beneficial Beneficial Non-beneficial<br />
number number number number<br />
Director of shares of shares of shares of shares<br />
Non-executive<br />
MJ Leeming 928 928<br />
RJA Sparks 40 000 40 000<br />
Y Waja 927 927<br />
40 927 928 40 927 928<br />
Executive<br />
OS Arbee 158 783 150 336<br />
HR Brody # 193 732 175 000<br />
MP de Canha 1 115 571 879 937<br />
RL Hiemstra 193 773 180 000<br />
N Hoosen* 169 500<br />
AH Mahomed 157 056 371 509 6 444<br />
#<br />
HR Brody in addition holds a beneficial interest in 3 700 preference shares.<br />
*No longer a director at 30 June 2009.<br />
1 818 915 1 926 282 6 444<br />
1 859 842 928 1 967 209 7 372<br />
As a result of the implementation of the Lereko Mobility BEE transaction MV Moosa being a shareholder of Lereko Mobility holds a<br />
beneficial interest in 1 331 145 (2008: 1 331 145) preferred ordinary shares.<br />
<strong>Imperial</strong> holdings limited Annual Report 2009 95
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