Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
116 Singapore Press Holdings annual report 2011
4. SHARE CAPITAL AND TREASURY SHARES (CONT’D)
(c)
Performance shares
During the financial year, 2,259,410 (2010: 2,243,825) performance shares were granted subject to
the terms and conditions of the Plan.
Movements in the number of performance shares outstanding during the financial year are
summarised below:
2011
Outstanding
Outstanding
Grant as at as at
Date 01.09.10 Adjusted * Granted Vested Lapsed 31.08.11
(‘000) (‘000) (‘000) (‘000) (‘000) (‘000)
12.01.07 491 - - (488) (3) -
11.01.08 1,852 (182) - (1,108) (11) 551
12.01.09 2,268 327 - (585) (24) 1,986
12.01.10 2,229 - - - (34) 2,195
12.01.11 - - 2,259 - (1) 2,258
2010
Outstanding
Outstanding
Grant as at as at
Date 01.09.09 Adjusted * Granted Vested Lapsed 31.08.10
(‘000) (‘000) (‘000) (‘000) (‘000) (‘000)
12.01.07 1,602 (290) - (813) (8) 491
11.01.08 2,112 351 - (573) (38) 1,852
12.01.09 2,304 - - - (36) 2,268
12.01.10 - - 2,244 - (15) 2,229
* Adjusted at end of the performance period based on the level of achievement of pre-set performance conditions.
The shares awarded at the vesting date could range from 0% to 150% of the grant, depending on
the level of achievement against the pre-set performance conditions.