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SUN INTERNATIONAL ANNUAL REPORT ’10
186
NOTES TO THE GROUP FINANCIAL STATEMENTS CONTINUED
for the year ended 30 June
32. RELATED PARTY TRANSACTIONS (continued)
(i) Key management compensation (continued)
Conditional share plan
Directors
The aggregate number of grants made to executive directors of the group during 2010 was 74 955 (2009: 75 307) at a grant price of
R84.12 (2009: R77.25). During the year 33 340 (2009: 54 505) number of grants lapsed due to the vesting conditions not being met. The
number of grants held by executive directors of the group at the end of the year was 210 677 (2009: 169 062).
Other key management
The aggregate number of grants made to other key management of the group during 2010 was 151 157 (2009: 155 792) at a grant
price of R84.12 (2009: R77.25). During the year 62 418 (2009: 123 372) grants lapsed due to the vesting conditions not being met. The
number of grants held by other key management of the group at the end of the year was 461 332 (2009: 349 417).
Deferred bonus plan
Directors
The aggregate number of grants made to the executive directors of the group during 2010 was 23 863 (2009: 23 433) at a grant price
of R91.49 (2009: R89.81). The number of grants held by executive directors of the group at the end of the year was 59 839 (2009: 52 984).
Other key management
The aggregate number of grants made to the other key management of the group during 2010 was 18 754 (2009: 27 301) at a grant
price of R91.49 (2009: R89.31). The number of grants held by other key management of the group at the end of the year was 55 787
(2009: 59 210).
Restricted share plan
Directors
The aggregate number of grants made to the executive directors of the group during 2010 was 16 000 (2009: 275 410) at a grant
price of R89.96 (2009: R94.35). The number of grants held by executive directors of the group at the end of the year was 291 410
(2009: 275 410).
Other key management
No grants were made to the other key management of the group during 2010 (2009: 248 289 at a grant price of R94.35). The number
of grants held by other key management of the group at the end of the year was 272 367 (2009: 248 289).
(ii) Shareholding of key management
Percentage holding by key management
Sun International Limited 1.7 1.9
Afrisun Gauteng – 0.1
Afrisun KZN 0.9 1.5
SunWest 0.3 0.7
National Casino Resort Manco Holdings 8.6 11.4
Teemane 0.3 0.7
Gain on sale of interests by key management Rm Rm
SunWest 9 –
Afrisun KZN 4 –
Afrisun Gauteng 1 –
Sun International Limited 6 4
2010
%
2009
%
20 4