Annual Report & Accounts 2012 - Euromoney Institutional Investor ...
Annual Report & Accounts 2012 - Euromoney Institutional Investor ...
Annual Report & Accounts 2012 - Euromoney Institutional Investor ...
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<strong>Euromoney</strong> <strong>Institutional</strong> <strong>Investor</strong> PLC <strong>Annual</strong> <strong>Report</strong> and <strong>Accounts</strong> <strong>2012</strong><br />
www.euromoneyplc.com<br />
Our Performance<br />
24 Share-based payments continued<br />
Equity-settled options<br />
The options set out below are outstanding at September 30 and are options to subscribe for new ordinary shares of 0.25p each in the company.<br />
The total charge recognised in the year from equity-settled options was £2,330,000, 37% of the group’s long-term incentive expense (2011: charge<br />
£8,066,000, 50%).<br />
Number of ordinary shares under option: <strong>2012</strong><br />
2011<br />
Granted/<br />
(trued up)<br />
during<br />
year<br />
Exercised<br />
during<br />
year<br />
Lapsed/<br />
forfeited<br />
during<br />
year <strong>2012</strong><br />
Option<br />
price<br />
(£)<br />
Weighted<br />
average<br />
market<br />
price at<br />
date of<br />
exercise<br />
(£)<br />
Period during which option may be exercised:<br />
Executive options<br />
Before January 22 <strong>2012</strong> 8,000 – (8,000) – – 3.35 7.07<br />
Before December 3 <strong>2012</strong> 86,000 – (86,000) – – 2.59 7.31<br />
Before January 27 2014 91,487 – (39,487) – 52,000 4.19 7.30<br />
SAYE<br />
Between February 1 2011 and July 31 2011 3,018 – (3,018) – – 3.18 6.90<br />
Between February 1 <strong>2012</strong> and July 31 <strong>2012</strong> 341,025 – (338,767) (2,258) – 1.87 6.93<br />
Between February 1 2013 and July 31 2013 46,466 – – (1,899) 44,567 3.44 –<br />
Between February 1 2014 and July 31 2014 40,588 – – (15,091) 25,497 5.65 –<br />
Between February 1 2015 and July 31 2015 – 158,769 – (10,281) 148,488 4.97 –<br />
CAP 2004<br />
Before September 30 2014 (tranche 1) 1 421 – – – 421 0.0025 –<br />
Before September 30 2014 (tranche 2) 1 58,375 (18,063)‡ (40,312) – – 0.0025 7.37<br />
Before September 30 2014 (tranche 3) 1 293,032 (18,182)‡ (205,157) – 69,693 0.0025 7.31<br />
CAP 2010<br />
Before September 30 2020 (tranche 1) 2 969,305 – – – 969,305 0.0025 –<br />
Before September 30 2020 (tranche 2) 2 1,750,496 – – – 1,750,496 0.0025 –<br />
CSOP 2010<br />
Before February 14 2020 (UK) 541,671 – – – 541,671 6.03 –<br />
Before February 14 2020 (Canada) 239,520 – – – 239,520 5.01 –<br />
4,469,404 122,524 (720,741) (29,529) 3,841,658<br />
The options outstanding at September 30 <strong>2012</strong> had a weighted average exercise price of £1.49 and a weighted average remaining contractual life<br />
of 7.35 years.<br />
Notes to the Consolidated Financial Statements<br />
Company <strong>Accounts</strong> Group <strong>Accounts</strong> Our Governance<br />
105
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