Download the PDF (5.4 MB) - Nedbank Group Limited

More documents

Recommendations

Info

240 NEDBANK GROUP Limited INTEGRATED REPORT 2010Executive directors’ share option holdingOpening balance at December 2009NameNumber ofoptionsDate ofissueIssueprice (R) VestedExpirydateTA Boardman 120 000 28/02/2006 110,98 120 000 28/02/201172 765* 27/02/2007 144,30 27/02/2012192 765 120 000MWT Brown 20 000 11/05/2004 60,01 20 000* 11/05/201080 000 10/08/2004 55,75 80 000* 10/08/2010***20 000 30/06/2005 76,79 20 000 30/06/201070 000 28/02/2006 110,98 70 000 28/02/201140 000* 27/02/2007 144,30 28/02/2012230 000 190 000GW Dempster 50 000 30/06/2005 76,79 50 000 30/06/201045 000 28/02/2006 110,98 45 000 28/02/201140 000* 27/02/2007 144,30 28/02/2012135 000 95 000Share options issued before May 2005 were issued in terms of the 1994 Nedcor Group Employee Incentive Scheme, with 50% vesting after three yearsfrom the date of grant and the remaining 50% after four years from the date of grant.Share options issued after May 2005 were issued in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme,with 100% vesting after three years from the date of grant.* Share options issued with performance-based vesting criteria. The rights issue options linked to these share options also have performance-based vesting criteria.** No share options were issued in 2008 as a result of the introduction of the RSP.*** Prior to the expiry date of these options the committee approved a resolution declaring an ad hoc closed period for MWT Brown, restraining him from dealing in securitiesor options of the company. MWT Brown exercised 80 000 options 10 trading days after the lifting of the ad hoc closed period in line with the rules of the Nedbank Group(2005) Share Option, Matched Share and Resticted Share Scheme.Executive directors’ restricted shareholdingNedbank issued restricted shares in 2008 with vesting thereof linked to the group meeting certain performance conditions. The SENS announcementof 3 March 2011 relating to executive directors and the Company Secretary confirmed that these conditions were not met and in terms of the rulesof the scheme the restricted shares issued by the group in 2008 lapsed, including those issued to executive directors and those employees listed astop three earners who are not executive directors.Number ofrestrictedsharesOpening balance at December 2009 Restricted shares issued during 2010Number ofDate of Issue price Vesting restricted Date of Issue priceissue (R) date shares issue (R)NameTA Boardman* 60 167 ❍ 03/03/2008 120,62 04/03/201199 340** 03/03/2009 75,74 04/03/201292 208*** 11/08/2009 108,45 12/08/2012251 715MWT Brown 38 613 ❍ 03/03/2008 120,62 04/03/201152 812+ 03/03/2009 75,74 04/03/201266 015++ 04/03/2009 75,74 04/03/201273 766+++ 11/08/2009 108,45 12/08/2012Vestingdate43 360- 02/03/2010 121,08 02/03/201343 360- - 03/03/2010 121,08 03/03/2013231 206 86 720GW Dempster 33 577 ❍ 03/03/2008 120,62 04/03/201152 812+ 03/03/2009 75,74 04/03/201252 812++ 04/03/2009 75,74 04/03/201227 662+++ 11/08/2009 108,45 12/08/201220 647- 02/03/2010 121,08 02/03/201320 647- - 03/03/2010 121,08 03/03/2013166 863 41 294RK Morathi 35 736- 02/03/2010 121,08 02/03/201335 736- - 03/03/2010 121,08 03/03/201371 472❍Restricted shares were issued on 3 March 2008 with corporate performance targets in terms of the Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme.* Restricted shares issued with time- and performance-based vesting criteria. No accelerated vesting applied to TA Boardman, notwithstanding the fact that he retired in February 2010.** Restricted shares were issued to TA Boardman in March 2009 with time- and corporate-performance-based vesting criteria in terms of the Nedbank Group (2005) Share Option, Matched andRestricted Share Scheme.*** Restricted shares were issued to TA Boardman in August 2009 with time- and individual-performance-based vesting criteria in terms of the Nedbank Group (2005) Share Option, Matched andRestricted Share Scheme.
241Reports andcertificationsConsolidatedannual financialstatementsShareholdermeeting mattersDefinitions andabbreviationsInstrumentcodesContactdetailsremuneration reportExercised during 2010 Closing balance at December 2010**Number ofoptionsDate ofexercise/cancellationExerciseprice (R)Gain on optionsexercised/lapsedNumber ofoptionsDate ofissue VestedExpirydate120 000 22/12/2010 129,0203 2 164 836,00 072 765* 28/02/2010 Lapsed 0192 76520 000 10/05/2010 132,6236 1 452 272,00 080 000 29/10/2010 130,4628 5 977 024,00 020 000 28/06/2010 124,50 954 200,00 070 000 28/02/2006 70 000 28/02/201140 000* 28/02/2010 Lapsed 0160 000 70 00050 000 29/06/2010 124,0368 2 357 597,50 045 000 20/12/2010 128,1293 771 718,50 040 000* 28/02/2010 Lapsed 0135 000Number ofrestrictedsharesRestricted shares vesting during 2010 Closing balance at December 2010Number ofrestricted Date of Issue priceshares issue(R)Date ofissueIssue price(R)VestingdateVestingdate60 167 03/03/2008 120,62 Lapsed99 340** 03/03/2009 75,74 04/03/201292 208*** 11/08/2009 108,45 12/08/201260 167 191 54838 613 03/03/2008 120,62 Lapsed52 812+ 03/03/2009 75,74 04/03/201266 015++ 03/03/2009 75,74 04/03/201273 766+++ 11/08/2009 108,45 12/08/201243 360- 02/03/2010 121,08 02/03/201343 360- - 03/03/2010 121,08 03/03/201338 613 279 31333 577 03/03/2008 120,62 Lapsed52 812+ 03/03/2009 75,74 04/03/201252 812++ 03/03/2009 75,74 04/03/201227 662+++ 11/08/2009 108,45 12/08/201220 647- 02/03/2010 121,08 02/03/201320 647- - 03/03/2010 121,08 03/03/201333 577 146 91835 736- 02/03/2010 121,08 02/03/201335 736- - 03/03/2010 121,08 03/03/201371 472+ Restricted shares were issued on 3 March 2009 with corporate performance targets in terms of the Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme.++ Restricted shares were issued on 4 March 2009 without corporate performance targets in terms of the Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme.+++ Restricted shares were issued on 11 August 2009 without corporate performance targets in terms of the Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme.- Restricted shares were issued on 2 March 2010 with corporate performance targets in terms of the Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme.- - Restricted shares were issued on 3 March 2010 without corporate performance targets in terms of the Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme.
Page 2: Dear shareholders and other stakeho
Page 5 and 6: 215Reports andcertificationsConsoli
Page 29: 239Reports andcertificationsConsoli
Page 47: 257Reports andcertificationsConsoli
Page 52 and 53: 262 NEDBANK GROUP Limited INTEGRATE
Page 80 and 81:
290 NEDBANK GROUP Limited INTEGRATE
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196:
show all

Download the PDF (5.4 MB) - Nedbank Group Limited

Create successful ePaper yourself

Delete template?

Save as template?