Punch Taverns plc 2007 Annual Report and Financial Statements

25 Share-based payments continued
Share Incentive Plan
52 weeks to
18 August
2007
No.
52 weeks to
19 August
2006
No.
Outstanding at beginning of period 118,028 98,395
Granted during the period 38,714 35,809
Expired during the period – –
Forfeited during the period (11,946) (16,176) 1
Released during the period (33,198) –
Outstanding at end of period 111,598 118,028
1
The brought forward SIP shares forfeited during the period ended 19 August 2006 have been restated following reassessment of the numbers by the Group’s
Share Plan Administrators.
Outstanding options
Options outstanding at 18 August 2007 comprise the following:
Discretionary Share Plan
Exercise date
Number of
share options
Exercise price
pence per share
27 May 2002 to 29 November 2010 1,251,230 198
3 December 2002 to 3 December 2011 391,811 205
5 December 2005 to 5 December 2012 251,355 194
2 March 2007 to 2 March 2014 121,480 519
17 November 2007 to 17 November 2014 178,469 551
16 November 2008 to 16 November 2015 129,252 767
31 January 2009 to 31 January 2016 64,898 866
2,388,495
SAYE Scheme
Exercise date
Number of
share options
Exercise price
pence per share
1 July 2005 to 1 January 2008 4,137 200
1 August 2006 to 1 February 2009 74,991 166
79,128
The weighted average share price during the period for options exercised was £11.97 (August 2006: £8.76). The options outstanding
at 18 August 2007 had a weighted average remaining contractual life of 5.1 years (August 2006: 6.1 years).
The total charge for the year relating to employee share-based plans was £2.0m (52 weeks ended 19 August 2006: £2.4m) all of
which related to equity-settled share-based payment transactions.
Punch Taverns plc Annual Report and Financial Statements 2007 833