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Download the PDF (5.4 MB) - Nedbank Group Limited

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377Reports andcertificationsConsolidatedannual financialstatementsShareholdermeeting mattersDefinitions andabbreviationsInstrumentcodesContactdetailsnotes to <strong>the</strong> financial statements for <strong>the</strong> year ended 31 December 2010Black Management SchemeNumber ofinstruments2010 2009Weightedaverageexercise priceRNumber ofinstrumentsWeightedaverageexercise priceROutstanding at <strong>the</strong> beginning of <strong>the</strong> year 6 495 351 89,69 5 640 899 93,04Granted 1 026 544 114,68 2 004 380 75,22Forfeited (1 114 938) 93,89 (688 678) 91,88Exercised (647 271) 74,15 (441 508) 63,71Expired (19 742) 81,31Outstanding at <strong>the</strong> end of <strong>the</strong> year 5 759 686 95,08 6 495 351 89,69Exercisable at <strong>the</strong> end of <strong>the</strong> year 470 084 77,25 318 531 76,38Weighted average share price for options exercised (R) 130,94 110,80Namibia Black Business Partner SchemeOutstanding at <strong>the</strong> beginning of <strong>the</strong> year 199 929 278,98 199 929 278,98Outstanding at <strong>the</strong> end of <strong>the</strong> year 199 929 278,98 199 929 278,98Exercisable at <strong>the</strong> end of <strong>the</strong> year – – – –Weighted average share price for options exercised (R) – –Namibia Affinity <strong>Group</strong> SchemeOutstanding at <strong>the</strong> beginning of <strong>the</strong> year 74 048 282,47 74 048 282,47Outstanding at <strong>the</strong> end of <strong>the</strong> year 74 048 282,47 74 048 282,47Exercisable at <strong>the</strong> end of <strong>the</strong> year – – – –Weighted average share price for options exercised (R) – –Namibia Education SchemeOutstanding at <strong>the</strong> beginning of <strong>the</strong> year 98 730 282,47 98 730 282,47Outstanding at <strong>the</strong> end of <strong>the</strong> year 98 730 282,47 98 730 282,47Exercisable at <strong>the</strong> end of <strong>the</strong> year – – – –Weighted average share price for options exercised (R) – –Namibia Black Management SchemeOutstanding at <strong>the</strong> beginning of <strong>the</strong> year 75 400 77,92 75 400 77,92O<strong>the</strong>r movements 18 417 120,62Forfeited (37 308) 101,29Exercised (5 554) 101,29Outstanding at <strong>the</strong> end of <strong>the</strong> year 50 955 108,00 75 400 77,92Exercisable at <strong>the</strong> end of <strong>the</strong> year 7 656 101,29 – –Weighted average share price for options exercised (R) 129,16 –Namibia LTIP SchemeOutstanding at <strong>the</strong> beginning of <strong>the</strong> year 67 562 46,42 23 350 134,30Granted 47 512Forfeited (1 980) (3 300)Outstanding at <strong>the</strong> end of <strong>the</strong> year 65 582 47,82 67 562 46,42Exercisable at <strong>the</strong> end of <strong>the</strong> year 23 350 134,30 – –Weighted average share price for options exercised (R) – –

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