Report & Accounts - JLT

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7. Employee information cont.The option holders who have awards under the Restricted Share Scheme also receive discretionary payments equating to thedividends payable on their shares (subject to meeting the performance criteria). Under the Black-Scholes model if the dividend yieldis assumed to be zero then the fair value will equal the share price at date of grant.The volatility has been calculated based on the historical share price of the Company, using either a 3 or 5 year term.All options granted under the share option schemes are conditional upon the employees remaining in the Group's employmentduring the vesting period of the option, the actual period varies according to the scheme in which the employee participates.In calculating the cost of options granted, a factor is included to take account of anticipated lapse rates.Movement in number of optionsOptions Options Weightedoutstanding outstanding at average Options Remainingat 1st Jan 2005 Granted Lapsed Exercised 31st Dec 2005 exercise exercisable at contractualNumber Number Number Number Number price p 31st Dec 2005 life yearsRestricted Share Scheme2003 28 March 2,363,092 - (121,018) (214,056) 2,028,018 388.50 117,380 7.242003 8 September 554,164 - (29,468) (143,912) 380,784 391.80 4,016 7.692003 20 November 386,000 - - (31,000) 355,000 367.00 - 7.892004 24 September 2,965,357 - (326,481) (115,947) 2,522,929 385.90 6,506 8.742005 30 March - 939,000 (138,000) - 801,000 - - 9.252005 6 April - 1,860,148 - (6,961) 1,853,187 467.00 - 9.272005 6 September - 463,840 - - 463,840 - - 9.69Sub-total 6,268,613 3,262,988 (614,967) (511,876) 8,404,758 388.60 127,902 8.53Share Options - Executive Share Option Scheme2003 28 March 45,000 - (30,000) - 15,000 - - 7.242003 8 September 624,000 - (46,500) - 577,500 - - 7.692004 8 September 960,000 - (87,500) - 872,500 - - 8.702005 6 April 3,915,500 (163,000) - 3,752,500 - - 9.272005 6 September 645,990 - - 645,990 - - 9.69Sub-total 1,629,000 4,561,490 (327,000) - 5,863,490 - - 9.07Sharesave Scheme2003 30 Sep - 3 Yr 1,268,052 (271,392) (2,986) 993,674 491.56 - 7.752003 30 Sep - 5 Yr 1,143,150 - (184,808) - 958,342 - - 7.75Sub-total 2,411,202 - (456,200) (2,986) 1,952,016 491.56 - 7.75Total 10,308,815 7,824,478 (1,398,167) (514,862) 16,220,264 389.20 - 8.63Movement in number of optionsOptions Options Weightedoutstanding outstanding at average Options Remainingat 1st Jan 2004 Granted Lapsed Exercised 31st Dec 2004 exercise exercisable at contractualNumber Number Number Number Number price p 31st Dec 2004 life yearsRestricted Share Scheme2003 28 March 2,617,900 - (202,295) (52,513) 2,363,092 498.50 - 8.242003 8 September 559,016 - - (4,852) 554,164 459.30 12,941 8.692003 20 November 455,000 - (69,000) - 386,000 - - 8.892004 24 September - 3,091,124 (125,000) (767) 2,965,357 348.50 - 9.74Sub-total 3,631,916 3,091,124 (396,295) (58,132) 6,268,816 493.25 12,941 9.03Share Options - Executive Share Option Scheme2003 28 March 45,000 - - - 45,000 - - 8.242003 8 September 661,000 - (37,000) - 624,000 - - 8.692004 8 September - 971,500 (11,500) - 960,000 - - 9.70Sub-total 706,000 971,500 (48,500) - 1,629,000 - - 9.27Sharesave Scheme2003 30 Sep - 3 Yr 1,507,253 - (238,597) (604) 1,268,052 497.66 - 8.752003 30 Sep - 5 Yr 1,273,768 - (130,247) (371) 1,143,150 516.96 - 8.75Sub-total 2,781,021 - (368,844) (975) 2,411,202 505.00 - 8.75Total 7,118,937 4,062,624 (813,639) (59,107) 10,308,815 493.44 - 9.00Financial Statements Jardine Lloyd Thompson Group plc Annual Report & Accounts 200569
Financial StatementsNotes to the Financial Statementsfor the year ended 31st December 20057. Employee information cont.Options granted prior to 7th November 2002Movement in number of optionsOptions Options Weightedoutstanding outstanding at average Remainingat 1st Jan 2005 Granted Lapsed Exercised 31st Dec 2005 exercise contractualNumber Number Number Number Number price p life yearsRestricted Share Scheme 2,058,980 - (198,786) (885,054) 975,140 397.40 5.03Share Options:Executive Share Option Scheme 2,684,910 - (282,694) (197,429) 2,204,787 432.70 5.36Sharesave Schemes 852,639 - (79,814) (772,825) - 393.00 -70Total 5,596,529 - (561,294) (1,855,308) 3,179,927 399.32 5.26The weighted average option costs for 2005 were as follows:Restricted Share Scheme - - - - -Share Options:Executive Share Option Scheme 438.40 n/a 531.50 257.70 442.60Sharesave Schemes 210.00 n/a 210.00 210.00 n/aMovement in number of optionsOptions Options Weightedoutstanding outstanding at average Remainingat 1st Jan 2004 Granted Lapsed Exercised 31st Dec 2004 exercise contractualNumber Number Number Number Number price p life yearsRestricted Share Scheme 3,050,135 - (178,879) (812,276) 2,058,980 457.00 6.31Share Options:Executive Share Option Scheme 3,265,114 - (88,676) (491,528) 2,684,910 491.30 5.36Sharesave Schemes 918,719 - (42,169) (23,911) 852,639 504.00 5.32Total 7,233,968 - (309,724) (1,327,715) 5,596,529 470.54 5.70The weighted average option costs for 2004 were as follows:Restricted Share Scheme - - - - -Share Options:Executive Share Option Scheme 411.70 n/a 543.50 242.30 438.40Sharesave Schemes 210.00 n/a 210.00 210.00 210.00Jardine Lloyd Thompson Group plc Annual Report & Accounts 2005
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Chairman’s StatementChairman’s
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Chairman’s StatementChairman’s
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Chief Executive’s StatementChief
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Operational ReviewOperational Revie
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Financial ReviewFinancial Review16B
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Page 23 and 24: DirectorsDirectors221 2 34 5 6Jardi
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Page 45 and 46: Group Financial StatementsGroup Fin
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Page 107 and 108: Financial StatementsBalance SheetAs
Page 109 and 110: Company AccountsAccounting Policies
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Page 113 and 114: Advisers/Shareholder Information112
Page 115: Registered Office:6 Crutched Friars
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