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

As at 31 December 2012, 271 individuals (2011: 265) held outstanding awards under the DSP. Awards made under the DSP aresubject to rolled-up dividends whereby the number of shares awarded will be increased on the vesting date to reflect dividends paidto shareholders during the deferred period.A reconciliation of award movements over the year to 31 December 2012 is shown below:2012 2011Numberof shares’000Weightedaverageshare priceat dateof exerciseNumberof shares’000Weightedaverageshare priceat dateof exerciseOutstanding at 1 January 5,781 – 5,164 –Granted 664 – 1,593 –Forfeited (111) – (116) –Exercised (786) 359.6p (860) 358.0pOutstanding at 31 December 5,548 – 5,781 –Exercisable at 31 December – – – –Our business Our governance Our resultsThe weighted average exercise price for awards granted under this scheme is £nil (2011: £nil). No awards were exercisable under thisscheme as at 31 December 2012 (31 December 2011: nil).The weighted average remaining contractual life of share options outstanding at 31 December 2012 is 1.6 years (2011: 2.3 years).26(e). Performance Share PlanThe following awards of deferred shares, without exercise price, have been granted under the Performance Share Plan (the PSP) andwere outstanding at 31 December 2012:Date of awardVesting date2012Number ofshares’0002011Number ofshares’00027 May 2011 27 May 2014 552 55217 April 2012 17 April 2015 Approved 34 –17 April 2012 17 April 2015 Unapproved 621 –1,207 552As at 31 December 2012, 9 individuals (2011: 9) held outstanding awards under the PSP. Awards made under the PSP are subject torolled-up dividends whereby the number of shares awarded will be increased on the vesting date to reflect dividends paid toshareholders during the deferred period.A reconciliation of award movements over the year to 31 December 2012 is shown below:Number ofshares’0002012 2011Weightedaverageshare priceat dateof exerciseNumber ofshares’000Weightedaverageshare priceat dateof exerciseOutstanding at 1 January 552 – – –Granted 655 – 552 –Outstanding at 31 December 1,207 – 552 –Exercisable at 31 December – – – –The weighted average remaining contractual life of share options outstanding at 31 December 2012 is 1.9 years (2011: 2.4).Savills plc Report and Accounts 2012 107