Our performance in 2009 - Sappi
Our performance in 2009 - Sappi
Our performance in 2009 - Sappi
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164<br />
Notes to the group annual f<strong>in</strong>ancial statements cont<strong>in</strong>ued<br />
29. Share-based payments cont<strong>in</strong>ued<br />
The follow<strong>in</strong>g table sets out the number of share options outstand<strong>in</strong>g at the end of September, exclud<strong>in</strong>g the scheme shares:<br />
<strong>2009</strong> 2008<br />
Vest<strong>in</strong>g<br />
conditions Vest<strong>in</strong>g date Expiry date<br />
Exercise<br />
price (ZAR)<br />
14 December 1998 – 48,300 Time (i) 14 December 2008 22.10<br />
03 February 1999 – 1,000 Time (i) 03 February <strong>2009</strong> 22.35<br />
15 January 2001 – 213,800 Time (i) 15 January <strong>2009</strong> 49.00<br />
04 February 2002 – 7,000 Time (i) 04 February 2010 131.40<br />
28 March 2002 (ii) 1,128,700 623,000 Time (i) 28 March 2010 77.97<br />
13 February 2003 (ii) 1,383,000 743,800 Time (i) 13 February 2011 62.34<br />
30 December 2003 (ii) 267,190 150,250 Time (i) 30 December 2011 47.08<br />
14 January 2004 (ii) 1,311,680 630,700 Time (i) 14 January 2012 47.08<br />
25 March 2004 (ii) 2,200 1,000 Time (i) 25 March 2012 86.60<br />
13 December 2004 (ii) 2,115,560 1,029,500 Time (i) 13 December 2012 46.51<br />
13 December 2004 – 148,000 Performance 13 December 2008 N/A –<br />
13 December 2005 (ii) 3,030,060 1,413,800 Performance 13 December <strong>2009</strong> N/A –<br />
08 August 2006 (ii) 110,000 50,000 Performance 08 August 2010 N/A –<br />
15 January 2007 (ii) – 5,000 Performance 31 December 2007 N/A –<br />
15 January 2007 (ii) – 5,000 Performance 31 December 2008 N/A –<br />
15 January 2007 (ii) 11,000 5,000 Performance 31 December <strong>2009</strong> N/A –<br />
29 January 2007 (ii) 110,000 50,000 Performance 29 January 2011 N/A –<br />
31 May 2007 (ii) 3,008,500 1,419,300 Performance 31 May 2011 N/A –<br />
02 July 2007 (ii) 220,000 100,000 Performance 02 July 2011 N/A –<br />
10 September 2007 (ii) – 10,000 Time 10 September 2008 N/A –<br />
10 September 2007 (ii) 55,000 25,000 Performance 10 September 2011 N/A –<br />
12 December 2007 (ii) 1,233,680 610,600 Time 12 December 2011 12 December 2015 91.32<br />
12 December 2007 (ii) 1,155,000 525,000 Performance 12 December 2011 N/A –<br />
19 March 2008 (ii) 555,060 279,200 Time 19 March 2012 19 March 2016 98.80<br />
19 March 2008 (ii) 451,000 205,000 Performance 12 March 2012 N/A –<br />
22 December 2008 2,093,260 – Time 22 December 2012 22 December 2014 35.50<br />
23 December 2008 1,815,000 – Performance 22 December 2012 N/A –<br />
20,055,890 8,299,250<br />
i(i) These vest over four or five years depend<strong>in</strong>g on the date of allocation.<br />
(ii) Dur<strong>in</strong>g the year, there was a rights issue of six shares for every five shares held at ZAR20.27 per share. Accord<strong>in</strong>g to the rules of the Scheme this was also<br />
offered to participants. Not all the participants took up their rights.
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