Savills plc - Investor relations

NOTES TO THE ACCOUNTSyear ended 31 December 200320. Share capital - Group & Company (continued)(b) The following share options have been granted with a nominal exercise price under the Savills plc 1992 Executive Share Option Scheme (the ESOP) & were outstanding at 31 December 2003:No. shares No. shares'000 ‘000Exercise period 31 December 2003 31 December 20022 years from 30 January 2001 - 202 years from 25 July 2001 - 1102 years from 14 January 2003 110 4952 years from 10 July 2003 170 6302 years from 20 July 2004 814 8272 years from 20 July 2005 1,003 1,0322 years from 6 April 2006 860 9082,957 4,022(c) The following share options have been granted under the Savills Executive Share Option Scheme (2001) & were outstanding at 31 December 2003:No. shares No. sharesExercise '000 ‘000Exercise period price 31 December 2003 31 December 20027 years from 26 September 2004 Approved 144.5p 104 1047 years from 26 September 2004 Unapproved 144.5p 206 2067 years from 10 April 2005 Unapproved 194.5p 310 3107 years from 25 March 2006 Unapproved 139p 310 -930 620(d) During the year 165,087 shares (2002 - 60,494 shares) were allotted direct to participants and 541,296 shares (2002 - 206,611 shares) were transferred from the Qualifying Employee Share Trust on theexercise of options under the Savills Sharesave Scheme. The following table shows the options remaining outstanding as at 31 December 2003, 623,881 shares (2002 - 238,818 shares) having lapsed and 706,383(2002 - 267,105 shares) having been exercised in accordance with the rules of the scheme for consideration of £725,223 (2002 - £260,665).No. shares No. sharesExercise Options ‘000 ‘000Date of grant price exercisable 31 December 2003 31 December 20028 October 1998 84p 01.12.01 - 01.06.06 470 1,0325 August 1999 144p 01.10.02 - 01.04.07 150 33211 August 2000 165p 01.10.03 - 01.04.08 125 39221 June 2001 220p 01.08.04 - 01.02.05 54 854 October 2001 144p 01.12.04 - 01.06.05 298 55620 May 2003 111p 01.07.06 - 01.01.07 766 -1,863 2,397(e) During the year 153,884 shares (2002 - 95,081 shares) were allotted to Savills QUEST Trustees Limited, the trustee of the Qualifying Employee Share Trust. At 31 December 2003 the Trust held 184,569 shares(2002 - 571,981 shares) of Savills plc, 541,296 shares (2002 - 206,611 shares) having been transferred to participants on the exercise of options under the Savills Sharesave Scheme for consideration of £454,689(2002 - £173,553).(f) The following have been awarded under the Savills Deferred Share Bonus Plan (the DSBP) and remained outstanding at the year-end.No. shares No. sharesExercise Vesting ‘000 ‘000Date of award price date 31 December 2003 31 December 200222 March 2002 187.5p 22.03.07 810 83514 March 2003 137.5p 14.03.08 651 -1,461 835(g) At the Annual General Meeting held on 7 May 2003, the shareholders gave the Company authority, subject to stated conditions, to purchase for cancellation up to 3,141,557 of its own ordinary shares (AGM heldon 30 April 2002 - 3,149,541). Such authority remained valid at 31 December 2003.67