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374 NEDBANK GROUP Limited INTEGRATED REPORT 201051 SHARE-BASED PAYMENTS ... continued51.2 Effect on profit and financial positionShare-based paymentsexpense2010Rm2009RmShare-based paymentsreserve/liabilityTraditional employee schemes 122 13 203 238Nedbank Group (1994) Share Option Scheme * * 1 19Nedbank Group (2005) Share Option and Restricted Share Scheme 114 8 166 183Nedbank Group (2005) Matched Share Scheme 6 2 26 27Old Mutual UK Sharesave Scheme 2 3 10 9Nedbank UK Long-term Incentive Plan** * * * *Nedbank Eyethu BEE schemes 140 109 728 618Black Business Partner Scheme*** 10 10 261 252Non-executive Directors’ Scheme 2 21 21Retail Scheme * 6 *Corporate Scheme 101 53 334 234Black Executive Scheme 7 6 24 26Black Management Scheme 22 32 88 85Nedbank Namibia Omufima BEE and other schemes 3 1 18 19Namibia Black Business Partner Scheme 9 9Namibia Affinity Group Scheme 3 3Namibia Education Scheme 4 4Namibia Black Management Scheme 3 1 2 3Namibia LTIP Scheme * * * *2010Rm2009Rm265 123 949 875* Represents amounts less than R1 million.** This scheme is cash-settled and therefore creates a liability.*** The share-based payments expense relating to the Nedbank Eyethu BEE black business partners relates to the annual performance fee paid to themcalculated in terms of the trust deed.
375Reports andcertificationsConsolidatedannual financialstatementsShareholdermeeting mattersDefinitions andabbreviationsInstrumentcodesContactdetailsnotes to the financial statements for the year ended 31 December 201051.3 Movements in number of instrumentsNedbank Group (1994) Share Option SchemeNumber ofinstruments2010 2009Weightedaverageexercise priceRNumber ofinstrumentsWeightedaverageexercise priceROutstanding at the beginning of the year 628 280 62,17 1 870 387 63,19Exercised (550 330) 61,33 (1 146 002) 62,16Expired (34 450) 60,01 (96 105) 82,51Outstanding at the end of the year 43 500 74,40 628 280 62,17Exercisable at the end of the year 43 500 74,40 628 280 62,17Weighted average share price for options exercised (R) 132,82 110,68Nedbank Group (2005) Share Option andRestricted Share SchemeOutstanding at the beginning of the year 17 521 060 74,23 16 452 721 99,02Granted 4 358 878 5 080 170Forfeited (6 132 658) 126,06 (1 166 407) 64,59Exercised (4 582 881) 100,69 (2 607 550) 86,80Expired (186 717) 141,19 (237 874) 112,52Outstanding at the end of the year 10 977 682 110,79 17 521 060 74,23Exercisable at the end of the year 708 979 110,79 5 580 177 101,94Weighted average share price for options exercised (R) 130,79 114,77Nedbank Group (2005) Matched Share SchemeOutstanding at the beginning of the year 583 048 595 170Granted 222 362 194 248Forfeited (88 836) (143 445)Exercised (67 127) (62 925)Outstanding at the end of the year 649 447 – 583 048 –Exercisable at the end of the year – – – –Weighted average share price for options exercised (R) 138,67 85,00Old Mutual UK Sharesave Scheme(options over Old Mutual plc shares – GBP)Outstanding at the beginning of the year 649 552 0,42 1 071 722 0,93Granted 235 920 0,94 586 774 0,35Forfeited (56 646) 0,35 (983 791) 0,93Exercised (13 856) 0,79 (25 153) 0,78Expired (44 196) 0,79Outstanding at the end of the year 770 774 0,55 649 552 0,42Exercisable at the end of the year 2 163 1,31 26 751 1,18Weighted average share price for options exercised (GBP) 0,99 0,97Nedbank UK Long-term Incentive PlanOutstanding at the beginning of the year 124 904 24,19 56 632 126,06Granted 44 388 75 706Forfeited (7 434)Outstanding at the end of the year 169 292 17,85 124 904 24,19Exercisable at the end of the year – – – –Weighted average share price for options exercised (R) – –
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Dear shareholders and other stakeho
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215Reports andcertificationsConsoli
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262 NEDBANK GROUP Limited INTEGRATE
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