AnnuAl RepoRt And Accounts - Mobile Tornado

Notes to the financial statementsFor the year ended 31 December 201112 Share capital and share premiumNumber of Share Shareshares capital premium Total’000 £’000 £’000 £’000As at 31 December 2010 and 2011 184,953 3,699 4,449 8,148The total authorised number of ordinary shares is 475 million (2010: 475 million) with a parvalue of 2p per share (2010: 2p per share).Non-voting preference sharesNumber ofshares Value’000 £’000As at 31 December 2010 and 2011 37,500 3,000Following the change of rights attaching to the preference shares on 31 December 2010, theshares are deemed to be compound financial instruments, with the debt component calculatedto be £610,000 (£343,000 due after more than one year) and the £2,390,000 balancereclassified as equity. The 10% preference share dividend of £300,000 (2010: £300,000) hasbeen accrued within creditors.13 Share-based paymentsThe Group has a share option scheme for certain employees and Directors. Options areexercisable at a price equal to the average market price of the Company’s shares on the dateof grant. The vesting period is usually two to three years. The options are settled in equity.A reconciliation of option movements over the year to 31 December 2011 is shown below:2011 2010WeightedWeightedaverageaverageexerciseexerciseNumber price Number price’000 pence ’000 penceOutstanding at 1 January 2011/2010 4,568 4.2 6,781 5.0Granted — — 100 4.0Forfeited — — 2,313 –Expired 800 — – –Outstanding at 31 December 3,768 4.0 4,568 4.2Exercisable at 31 December 1,268 2.0 2,068 3.2The closing mid-market share price on 25 May 2012 was 9.5 pence.The weighted average remaining contractual life of the share options outstanding at31 December 2011 was 8.1 years.Those options exercisable at 31 December 2011 are at an exercise price of 2.0 pence.The total charge for the year relating to employee share-based payment plans was £1,000(2010: £3,000), all of which related to equity-settled share-based payment transactions.Page 30