|
|
 |
|
| |
Nedcor financial results
for the year ended 31 December 2004 |
| |
|
|
| |
Group employee incentive scheme |
| |
as at 31 December |
| |
|
| |
|
|
|
|
|
|
|
| |
Nedcor share
|
Ex-NIB
|
|
| |
incentive trust
|
incentive trust
|
Total
|
| |
2004
|
2003
|
2004
|
2003
|
2004
|
2003
|
| Movements
|
| Options outstanding at
|
| beginning of period |
22 346 816
|
20 263 081
|
2 743 023
|
2 900 907
|
25 089 839
|
23 163 988
|
| Granted |
14 318 772
|
3 918 830
|
|
|
14 318 772
|
3 918 830
|
| Exercised |
2 772 393
|
203 505
|
|
98 628
|
2 772 393
|
302 133
|
| Surrendered |
7 186 594
|
1 631 590
|
553 801
|
59 256
|
7 740 395
|
1 690 846
|
| Options outstanding
|
| at end of period |
26 706 601
|
22 346 816
|
2 189 222
|
2 743 023
|
28 895 823
|
25 089 839
|
| Performance based options |
12 793 099
|
10 214 775
|
|
|
12 793 099
|
10 214 775
|
| Non-performance |
|
|
|
|
|
|
| based options |
13 913 502
|
12 132 041
|
2 189 222
|
2 743 023
|
16 102 724
|
14 875 064
|
| |
26 706 601
|
22 346 816
|
2 189 222
|
2 743 023
|
28 895 823
|
25 089 839
|
|
| |
|
| |
| Nedcor share incentive trust |
|
|
|
|
|
|
|
| The following options granted had not been exercised
at 31 December 2004 |
|
|
|
|
|
|
|
|
|
|
|
Option |
|
Issue |
Option |
|
Issue |
Option |
|
Issue |
|
expiry |
Number |
price |
expiry |
Number |
price |
expiry |
Number |
price |
|
| date |
of shares |
R |
date |
of shares |
R |
date |
of shares |
R |
|
| |
|
|
|
b/f |
4 295 834 |
b/f |
5 312 996 |
|
|
1 Jan ’05 |
700 |
123,60 |
27 Sep ’05 |
1 500 |
125,00 |
2 Mar ’06 |
10 000 |
88,00 |
|
1 Jan ’05 |
4 600 |
125,00 |
27 Sep ’05 |
1 000 |
136,20 |
2 Mar ’06 |
7 200 |
125,00 |
|
1 Jan ’05 |
1 400 |
128,60 |
1 Oct ’05 |
7 500 |
88,00 |
2 Mar ’06 |
2 000 |
136,20 |
|
1 Jan ’05 |
2 350 |
136,20 |
1 Oct ’05 |
2 707 |
102,65 |
1 Apr ’06 |
5 300 |
88,00 |
|
1 Feb ’05 |
73 050 |
125,00 |
1 Oct ’05 |
28 600 |
117,60 |
1 Apr ’06 |
1 500 |
102,65 |
|
1 Feb ’05 |
25 800 |
136,20 |
1 Oct ’05 |
14 000 |
123,60 |
1 Apr ’06 |
23 900 |
123,60 |
|
14 Feb ’05 |
938 |
63,00 |
1 Oct ’05 |
24 980 |
125,00 |
1 Apr ’06 |
25 560 |
125,00 |
|
14 Feb ’05 |
2 500 |
125,00 |
1 Oct ’05 |
10 800 |
133,20 |
1 Apr ’06 |
88 000 |
133,20 |
|
14 Feb ’05 |
2 000 |
130,80 |
1 Oct ’05 |
15 285 |
136,20 |
1 Apr ’06 |
13 630 |
136,20 |
|
14 Feb ’05 |
2 000 |
136,20 |
1 Oct ’05 |
10 000 |
142,00 |
9 Apr ’06 |
3 200 |
123,60 |
|
1 Mar ’05 |
30 000 |
111,80 |
1 Nov ’05 |
12 000 |
88,00 |
1 May ’06 |
9 000 |
60,01 |
|
1 Mar ’05 |
102 040 |
117,60 |
1 Nov ’05 |
16 600 |
123,60 |
1 May ’06 |
33 050 |
88,00 |
|
1 Mar ’05 |
55 975 |
125,00 |
1 Nov ’05 |
17 470 |
125,00 |
1 May ’06 |
500 |
102,65 |
|
1 Mar ’05 |
16 770 |
136,20 |
1 Nov ’05 |
12 560 |
136,20 |
1 May ’06 |
8 300 |
123,60 |
|
1 Mar ’05 |
2 800 |
137,60 |
1 Nov ’05 |
5 000 |
155,20 |
1 May ’06 |
40 900 |
125,00 |
|
1 Mar ’05 |
16 627 |
146,00 |
17 Nov ’05 |
4 000 |
88,00 |
1 May ’06 |
25 194 |
136,20 |
|
1 Mar ’05 |
558 |
134,00 |
17 Nov ’05 |
5 200 |
123,60 |
2 May ’06 |
4 900 |
128,60 |
|
1 Mar ’05 |
339 |
146,00 |
30 Nov ’05 |
6 000 |
88,00 |
1 Jun ’06 |
7 200 |
88,00 |
|
1 Mar ’05 |
789 |
150,00 |
30 Nov ’05 |
7 000 |
125,00 |
1 Jun ’06 |
3 000 |
102,65 |
|
1 Mar ’05 |
117 |
151,00 |
30 Nov ’05 |
4 700 |
133,20 |
1 Jun ’06 |
1 800 |
123,60 |
|
31 Mar ’05 |
25 900 |
137,60 |
30 Nov ’05 |
3 000 |
136,20 |
1 Jun ’06 |
21 700 |
125,00 |
|
1 Apr ’05 |
2 900 |
117,60 |
1 Dec ’05 |
47 000 |
88,00 |
1 Jun ’06 |
1 300 |
130,80 |
|
1 Apr ’05 |
5 900 |
125,00 |
1 Dec ’05 |
91 100 |
123,60 |
1 Jun ’06 |
10 100 |
136,20 |
|
1 Apr ’05 |
8 800 |
136,20 |
1 Dec ’05 |
57 550 |
125,00 |
1 Jun ’06 |
3 000 |
152,00 |
|
30 Apr ’05 |
400 |
125,00 |
1 Dec ’05 |
15 250 |
136,20 |
1 Jul ’06 |
3 750 |
88,00 |
|
30 Apr ’05 |
200 |
136,20 |
1 Jan ’06 |
3 500 |
69,20 |
1 Jul ’06 |
1 500 |
125,00 |
|
1 May ’05 |
10 000 |
88,00 |
1 Jan ’06 |
74 500 |
88,00 |
22 Aug ’06 |
111 500 |
152,00 |
|
1 May ’05 |
78 500 |
123,60 |
1 Jan ’06 |
1 500 |
102,65 |
1 Oct ’06 |
2 920 |
131,45 |
|
1 May ’05 |
50 000 |
125,00 |
1 Jan ’06 |
49 500 |
123,60 |
1 Oct ’06 |
30 000 |
155,20 |
|
31 May ’05 |
4 500 |
102,19 |
1 Jan ’06 |
146 630 |
125,00 |
1 Nov ’06 |
15 700 |
142,00 |
|
1 Jun ’05 |
10 100 |
123,60 |
1 Jan ’06 |
2 250 |
130,80 |
1 Mar ’07 |
87 200 |
157,00 |
|
1 Jun ’05 |
2 904 000 |
125,00 |
1 Jan ’06 |
2 500 |
133,20 |
1 Mar ’07 |
385 |
150,00 |
|
1 Jun ’05 |
3 800 |
136,20 |
1 Jan ’06 |
54 708 |
136,20 |
1 Mar ’07 |
98 |
151,00 |
|
1 Jun ’05 |
3 000 |
152,00 |
1 Jan ’06 |
8 300 |
157,00 |
31 Mar ’07 |
1 065 697P |
136,20 |
|
1 Jul ’05 |
1 700 |
44,00 |
2 Jan ’06 |
30 488 |
63,00 |
1 Jun ’07 |
3 100 |
132,00 |
|
1 Jul ’05 |
1 326 |
44,50 |
29 Jan ’06 |
200 |
125,00 |
27 Sep ’07 |
6 000 |
130,80 |
|
1 Jul ’05 |
21 200 |
88,00 |
1 Feb ’06 |
33 650 |
88,00 |
27 Sep ’07 |
54 385P |
130,80 |
|
1 Jul ’05 |
22 500 |
94,00 |
1 Feb ’06 |
2 000 |
102,65 |
28 Sep ’07 |
96 094 |
130,80 |
|
1 Jul ’05 |
3 000 |
102,65 |
1 Feb ’06 |
21 200 |
123,60 |
28 Sep ’07 |
10 950P |
130,80 |
|
1 Jul ’05 |
1 200 |
123,50 |
1 Feb ’06 |
39 025 |
125,00 |
2 Nov ’07 |
21 347 |
123,00 |
|
1 Jul ’05 |
17 800 |
123,60 |
1 Feb ’06 |
1 250 |
130,80 |
19 Nov ’07 |
15 800 |
125,00 |
|
1 Jul ’05 |
77 120 |
125,00 |
1 Feb ’06 |
21 100 |
136,20 |
14 Feb ’08 |
23 700 |
115,00 |
|
1 Jul ’05 |
43 000 |
131,00 |
1 Mar ’06 |
8 000 |
60,01 |
15 Apr ’08 |
305 700 |
125,00 |
|
1 Jul ’05 |
91 900 |
136,00 |
1 Mar ’06 |
20 500 |
88,00 |
15 Apr ’08 |
2 782 974P |
125,00 |
|
1 Jul ’05 |
34 500 |
136,20 |
1 Mar ’06 |
4 000 |
102,65 |
2 Jul ’08 |
2 092 000 |
123,60 |
|
1 Aug ’05 |
8 850 |
125,00 |
1 Mar ’06 |
16 500 |
123,60 |
15 Oct ’08 |
272 200 |
102,65 |
|
1 Aug ’05 |
4 900 |
136,20 |
1 Mar ’06 |
24 850 |
125,00 |
15 Oct ’08 |
182 279P |
102,65 |
|
26 Aug ’05 |
2 234 |
96,06 |
1 Mar ’06 |
5 800 |
128,60 |
27 Nov ’08 |
155 800 |
123,60 |
|
26 Aug ’05 |
32 065 |
120,22 |
1 Mar ’06 |
500 |
130,80 |
25 Feb ’09 |
131 500 |
102,19 |
|
26 Aug ’05 |
4 000 |
126,90 |
1 Mar ’06 |
17 121 |
136,20 |
1 Apr ’09 |
41 050 |
88,00 |
|
1 Sep ’05 |
81 320 |
121,00 |
1 Mar ’06 |
3 000 |
152,00 |
1 Apr ’09 |
2 514 650P |
88,00 |
|
1 Sep ’05 |
250 |
130,80 |
1 Mar ’06 |
533 |
129,20 |
1 Oct ’09 |
383 350 |
69,20 |
|
1 Sep ’05 |
500 |
136,20 |
1 Mar ’06 |
368 |
130,60 |
1 Oct ’09 |
57 080P |
69,20 |
|
5 Sep ’05 |
1 000 |
125,00 |
1 Mar ’06 |
512 |
134,00 |
11 May ’10 |
699 400 |
60,01 |
|
5 Sep ’05 |
650 |
136,20 |
1 Mar ’06 |
313 |
139,00 |
11 May ’10 |
3 243 800P |
60,01 |
|
12 Sep ’05 |
51 789 |
44,50 |
1 Mar ’06 |
62 |
150,00 |
11 May ’10 |
25 000P |
61,40 |
|
27 Sep ’05 |
343 677 |
111,80 |
2 Mar ’06 |
2 000 |
60,01 |
10 Aug ’10 |
289 100 |
55,75 |
|
|
|
|
|
|
|
10 Aug ’10 |
112 000P |
55,75 |
|
| |
4 295 834 |
|
5 312 996
|
|
|
20 501 239 |
|
|
| P Performance based options |
|
|
| |
|
| |
Options granted in respect of the rights offer |
| |
|
|
|
|
|
|
|
|
|
|
Option
|
|
Issue
|
Option
|
|
Issue
|
Option
|
|
Issue
|
|
expiry
|
Number
|
price
|
expiry
|
Number
|
price
|
expiry
|
Number
|
price
|
|
|
date
|
of shares
|
R
|
date
|
of shares
|
R
|
date
|
of shares
|
R
|
|
|
|
|
|
b/f
|
1 358 653
|
|
b/f
|
2 436 181
|
|
1 Jan ’05
|
250
|
45,00
|
7 Feb ’06
|
13 890
|
60,00
|
2 Nov ’07
|
3 472
|
60,00
|
1 Feb ’05
|
41 675
|
45,00
|
1 Mar ’06
|
38 164
|
45,00
|
19 Nov ’07
|
6 584
|
45,00
|
1 Mar ’05
|
24 340
|
45,00
|
2 Mar ’06
|
7 999
|
45,00
|
1 Dec ’07
|
417
|
45,00
|
31 Mar ’05
|
3 211
|
45,00
|
1 Apr ’06
|
51 408
|
45,00
|
6 Feb ’08
|
5 973
|
45,00
|
1 Apr ’05
|
7 505
|
45,00
|
9 Apr ’06
|
1 334
|
45,00
|
14 Feb ’08
|
9 876
|
45,00
|
1 May ’05
|
6 416
|
45,00
|
1 May ’06
|
43 521
|
45,00
|
1 Apr ’08
|
5 556
|
45,00
|
31 May ’05
|
1 876
|
45,00
|
2 May ’06
|
2 042
|
45,00
|
8 Apr ’08
|
834
|
45,00
|
1 Jun ’05
|
471 187
|
45,00
|
1 Jun ’06
|
13 542
|
45,00
|
15 Apr ’08
|
1 125 463P
|
45,00
|
1 Jun ’05
|
152 084
|
60,00
|
21 Jun ’06
|
3 483
|
45,00
|
15 Apr ’08
|
128 000
|
45,00
|
1 Jul ’05
|
75 489
|
45,00
|
26 Jul ’06
|
18 305
|
45,00
|
15 Apr ’08
|
34 166
|
60,00
|
1 Aug ’05
|
3 585
|
45,00
|
22 Aug ’06
|
36 860
|
45,00
|
21 Jun ’08
|
2 778
|
45,00
|
26 Aug ’05
|
217 557
|
45,00
|
1 Oct ’06
|
12 341
|
45,00
|
1 Jul ’08
|
15 277
|
45,00
|
1 Sep ’05
|
16 979
|
45,00
|
1 Nov ’06
|
4 796
|
45,00
|
2 Jul ’08
|
762 505
|
45,00
|
5 Sep ’05
|
686
|
45,00
|
29 Nov ’06
|
24 999
|
45,00
|
2 Jul ’08
|
109 210
|
60,00
|
12 Sep ’05
|
15 295
|
45,00
|
8 Feb ’07
|
19 022
|
45,00
|
15 Oct ’08
|
113 420
|
45,00
|
27 Sep ’05
|
71 419
|
45,00
|
1 Mar ’07
|
29 137
|
45,00
|
15 Oct ’08
|
75 893P
|
45,00
|
1 Oct ’05
|
18 482
|
45,00
|
31 Mar ’07
|
426 363P
|
45,00
|
27 Nov ’08
|
64 919
|
45,00
|
22 Oct ’05
|
6 040
|
45,00
|
31 Mar ’07
|
17 708P
|
60,00
|
25 Feb ’09
|
54 800
|
45,00
|
1 Nov ’05
|
13 689
|
45,00
|
16 May ’07
|
12 400
|
45,00
|
1 Apr ’09
|
988 692P
|
45,00
|
17 Nov ’05
|
3 832
|
45,00
|
24 Jul ’07
|
26 576
|
45,00
|
1 Apr ’09
|
18 666
|
45,00
|
1 Dec ’05
|
42 252
|
45,00
|
27 Sep ’07
|
22 653P
|
45,00
|
1 Apr ’09
|
59 168P
|
60,00
|
1 Jan ’06
|
108 883
|
45,00
|
27 Sep ’07
|
2 083
|
45,00
|
1 Oct ’09
|
159 730
|
45,00
|
2 Jan ’06
|
3 833
|
45,00
|
28 Sep ’07
|
4 562P
|
45,00
|
1 Oct ’09
|
23 782P
|
45,00
|
29 Jan ’06
|
84
|
45,00
|
28 Sep ’07
|
29 417
|
45,00
|
|
|
|
1 Feb ’06
|
52 004
|
45,00
|
2 Nov ’07
|
214 923
|
45,00
|
|
|
|
|
|
1 358 653
|
|
|
2 436 181
|
|
|
6 205 362
|
|
| Total options outstanding |
|
|
|
|
|
26 706 601
|
|
| P Performance based options |
| |
| |
| Ex-NIB share incentive scheme – now
part of Nedcor share scheme |
|
|
| The following options granted had not been exercised
at 31 December 2004 |
| |
|
|
|
|
|
|
|
|
Option
|
|
|
Option
|
|
|
Option
|
|
Issue
|
expiry
|
Number
|
Issue
|
expiry
|
Number
|
Issue
|
expiry
|
Number
|
price
|
|
date
|
of shares
|
price
|
date
|
of shares
|
price
|
date
|
of shares
|
R
|
|
|
|
|
b/f
|
71 693
|
|
b/f
|
1 386 449
|
|
1 Jan ’05
|
8 361
|
79,50
|
26 Aug ’05
|
1 097 287
|
79,50
|
29 Nov ’06
|
60 000
|
79,50
|
1 Jan ’05
|
1 639
|
86,40
|
22 Oct ’05
|
14 493
|
79,50
|
8 Feb ’07
|
51 562
|
96,00
|
1 Feb ’05
|
1 666
|
89,70
|
1 Jan ’06
|
33 195
|
86,40
|
16 May ’07
|
29 762
|
84,00
|
1 Feb ’05
|
1 666
|
89,70
|
1 Feb ’06
|
42 719
|
86,40
|
24 Jul ’07
|
71 834
|
89,70
|
1 Mar ’05
|
31 053
|
79,50
|
1 Feb ’06
|
18 937
|
96,00
|
2 Nov ’07
|
515 616
|
86,40
|
1 Apr ’05
|
1 708
|
79,50
|
1 Feb ’06
|
17 172
|
97,50
|
1 Dec ’07
|
1 000
|
86,40
|
1 Apr ’05
|
1 267
|
86,40
|
7 Feb ’06
|
33 335
|
79,50
|
6 Feb ’08
|
14 333
|
90,90
|
1 Jul ’05
|
11 250
|
79,50
|
1 May ’06
|
830
|
86,40
|
1 Apr ’08
|
3 333
|
81,00
|
1 Jul ’05
|
12 083
|
86,40
|
21 Jun ’06
|
11 148
|
79,50
|
1 Apr ’08
|
10 000
|
90,90
|
1 Aug ’05
|
1 000
|
86,40
|
26 Jul ’06
|
45 640
|
79,50
|
8 Apr ’08
|
2 000
|
81,00
|
|
|
21 Jun ’08
|
6 667
|
111,00
|
|
|
1 Jul ’08
|
36 666
|
111,00
|
| |
71 693
|
|
|
1 386 449
|
|
|
2 189 222
|
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
