Tesco plc Annual Report and Financial Statements 2012

OVERVIEW
Note 11 Share-based payments continued
STRATEGIC REVIEW PERFORMANCE REVIEW GOVERNANCE FINANCIAL STATEMENTS
Savings-related
share option scheme
Approved
share option scheme
Unapproved
share option scheme
Nil cost
share options
For the year ended 26 February 2011
Outstanding at
Options WAEP Options WAEP Options WAEP Options WAEP
27 February 2010 36,106 315.87 53,381 280.99 14,549,529 347.65 9,185,455 0.00
Granted 5,516 386.00 35,730 419.80 3,150,544 419.80 4,148,918 0.00
Forfeited – – – – – – (499,596) 0.00
Exercised
Outstanding at
(7,788) 248.00 (24,781) 242.11 (3,331,503) 252.23 (435,650) 0.00
26 February 2011
Exercisable as at
33,834 342.93 64,330 373.06 14,368,570 385.59 12,399,127 0.00
26 February 2011 – – 28,600 314.68 4,797,618 377.97 3,744,903 0.00
Exercise price range
312.75
312.75
(pence)
Weighted average remaining
– – – to 318.60 – to 473.75 – 0.00
contractual life (years) – – – 4.51 – 5.30 – 6.74
Share bonus schemes
The number and WAFV of share bonuses awarded during the financial year relating to the Company employees are:
Shares
number
2012 2011
Shares in Success 5,045 416.26 5,766 416.23
Executive Incentive Scheme 195,497 411.75 292,085 388.05
Performance Share Plan 500,615 407.09 218,620 433.79
US Long-Term Incentive Plan – – 74,997 433.06
Note 12 Pensions
WAFV
pence
Shares
number
The total cost of the pension scheme to the Company was £1m (2011: £1m). Further disclosure relating to the Tesco PLC Pension Scheme can be
found in Note 26 of the Group financial statements.
Note 13 Called up share capital
WAFV
pence
2012 2011
Ordinary shares of 5p each Ordinary shares of 5p each
Number £m Number £m
Allotted, called up and fully paid:
At beginning of the year 8,046,468,092 402 7,985,044,057 399
Share options 23,490,825 1 36,535,102 2
Share bonus awards 32,656,313 2 24,888,933 1
Shares purchased for cancellation (70,802,785) (3) – –
At end of the year 8,031,812,445 402 8,046,468,092 402
During the financial year, 23 million (2011: 37 million) ordinary shares of 5p each were issued in relation to share options for an aggregate
consideration of £69m (2011: £97m).
During the financial year, 33 million (2011: 25 million) shares of 5p each were issued in relation to share bonus awards for an aggregate consideration
of £2m (2011: £1m).
During the financial year the Company purchased and cancelled 70.8 million (2011: nil) shares of 5p each representing 1% (2011: 0%) of the called
up share capital as at 25 February 2012 at an average price of £4.07 (2011: n/a) per share. The total consideration including expenses was £290m
(2011: n/a). The excess of the consideration over the aggregate nominal value of the shares purchased has been charged to the profit and loss reserve.
Tesco PLC Annual Report and Financial Statements 2012 149