Savills plc 2012 Annual Report - (PDF) - Investor relations

Notes to the financial statementsYear ended 31 December 2012continuedGroup2012£mCurrent 5.9 6.7Non-current 7.7 7.513.6 14.225. Share capital – Group and CompanyAuthorised and allotted2012Number of shares2011Number of sharesOrdinary shares of 2.5p each:Authorised 202,000,000 202,000,000 5.1 5.1Allotted, called up and fully paid 133,342,240 132,589,303 3.3 3.3Movement in allotted, called up and fully paid share capital2012 2011Number of shares £m Number of shares £mAt 1 January 132,589,303 3.3 132,152,375 3.3Allotted to direct participants on exercise of options under the SharesaveScheme 680,210 – 357,928 –Allotted to direct participants on exercise of options under the ExecutiveShare Option Scheme (2001) 72,727 – 79,000 –At 31 December 133,342,240 3.3 132,589,303 3.3At the Annual General Meeting held on 9 May 2012, the shareholders gave the Company authority, subject to stated conditions, topurchase for cancellation up to 13,259,678 of its own ordinary shares (AGM held on 4 May 2011: 13,233,349). Such authority remainsvalid until the conclusion of the next Annual General Meeting or 1 July 2013 whichever is the earlier.26. Share-based paymentDetails of the terms of the following schemes are contained in the Remuneration report on pages 48 and 49.26(a). Executive Share Option Scheme (2001)The following share options have been granted under the Executive Share Option Scheme (2001) and were outstanding at 31 December 2012:Date of grant Exercise period Exercise price2012£m2012Number ofshares’0002011£m2011£m2011Number ofshares’00014 March 2005 7 years from 14 March 2008 Approved 321.3p 28 2814 March 2005 7 years from 14 March 2008 Unapproved 321.3p 67 6717 April 2009 7 years from 17 April 2012 Approved 288.8p 21 2117 April 2009 7 years from 17 April 2012 Unapproved 288.8p 457 53019 April 2010 7 years from 19 April 2013 Unapproved 341.0p 422 422995 1,068A reconciliation of option movements over the year to 31 December 2012 is shown below:Number ofshares’0002012 2011WeightedaverageexercisepriceNumber ofshares’000WeightedaverageexercisepriceOutstanding at 1 January 1,068 312.3p 1,307 307.7pExercised (73) 288.8p (79) 261.0pLapsed – – (160) 300.1pOutstanding at 31 December 995 314.0p 1,068 312.3pExercisable at 31 December 573 294.1p 95 321.3p104 Savills plc Report and Accounts 2012