NEDBANK GROUP EMPLOYEE INCENTIVE SCHEMES
FOR THE YEAR ENDED 31
DECEMBER
| |
2009 |
2008 |
Movements
|
|
|
| Instruments outstanding at the beginning of the year |
18 918 278 |
21 174 877 |
| Granted |
5 274 418 |
2 812 982 |
| Exercised |
(3 819 227) |
(2 351 454) |
| Expired |
(333 979) |
(1 313 279) |
| Surrendered |
(1 307 102) |
(1 404 848) |
| Instruments outstanding at the end of the year |
18 732 388 |
18 918 278 |
Analysis |
|
|
| Performance-based options – 1994 Scheme |
|
715 035 |
| Non-performance-based options – 1994 Scheme |
628 280 |
1 155 352 |
| Performance-based options – 2005 Scheme |
11 180 686 |
8 095 501 |
| Non-performance-based options – 2005 Scheme |
6 340 374 |
8 357 220 |
| Performance-based options – matched shares 2005 Scheme |
291 524 |
297 585 |
| Non-performance-based options – matched shares 2005 Scheme |
291 524 |
297 585 |
| |
18 732 388 |
18 918 278 |
Summary by scheme |
|
|
| Nedcor Group Employee Incentive Scheme (1994) |
628 280 |
1 822 476 |
| Options granted in respect of the rights offer (1994 scheme) |
|
47 911 |
| Nedbank Group options scheme (2005) |
17 521 060 |
16 452 721 |
| Nedbank Group matched share scheme (2005) |
583 048 |
595 170 |
| Instruments outstanding at the end of the year |
18 732 388 |
18 918 278 |
Nedcor Group Employee Incentive Scheme (1994)
The following options granted had not been exercised at 31 December 2009:
| |
Option expiry date |
Number of shares
|
Issue price R
|
| |
01-Mar-10 |
10 000 |
60,01 |
| |
01-Apr-10 |
5 000 |
60,01 |
| |
11-May-10 |
362 980 |
60,01 |
| |
10-Aug-10 |
120 500 |
55,75 |
| |
20-Apr-11 |
129 800 |
74,40 |
Total
|
|
628 280 |
|
Nedbank Group (2005) share option, matched and restricted share scheme
Share instruments:
The following instruments granted had not been exercised at 31 December 2009:
| |
|
Issue |
|
|
Issue |
| Instrument |
Number of |
price |
Instrument |
Number of |
price |
| expiry date |
shares |
R |
expiry date |
shares |
R |
| |
|
|
b/f |
1 447 596 |
|
| 01-Jan-10 |
5 200 |
76,79 |
01-Jul-10 |
35 400 |
134,30 |
| 01-Jan-10 |
11 000 |
110,98 |
01-Jul-10 |
4 000 |
144,30 |
| 01-Jan-10 |
15 000 |
144,30 |
01-Aug-10 |
17 438 |
110,98 |
| 01-Feb-10 |
10 000 |
76,79 |
01-Aug-10 |
3 000P |
144,30 |
| 01-Feb-10 |
15 000 |
110,98 |
08-Aug-10 |
224 200 |
84,68 |
| 01-Feb-10 |
15 000 |
144,30 |
01-Sep-10 |
22 500 |
110,98 |
| 08-Feb-10 |
1 200 |
76,79 |
01-Sep-10 |
8 200 |
134,30 |
| 11-Feb-10 |
2 000 |
76,79 |
01-Sep-10 |
5 000 |
144,30 |
| 11-Feb-10 |
2 000 |
110,98 |
13-Sep-10 |
1 000 |
110,98 |
| 15-Feb-10 |
3 000 |
110,98 |
01-Oct-10 |
12 300 |
144,30 |
| 20-Feb-10 |
2 000 |
110,98 |
01-Nov-10 |
4 724 |
110,98 |
| 01-Mar-10 |
2 500 |
110,98 |
01-Nov-10 |
22 100 |
134,30 |
| 24-Mar-10 |
1 100 |
110,98 |
28-Feb-11 |
3 567 719 |
110,98 |
| 25-Mar-10 |
1 400 |
144,30 |
03-Mar-11 |
1 990 216P |
* |
| 01-Apr-10 |
2 600 |
76,79 |
10-Aug-11 |
242 400 |
107,03 |
| 01-Apr-10 |
9 000 |
107,03 |
11-Aug-11 |
178 448P |
* |
| 01-Apr-10 |
1 000 |
144,30 |
27-Feb-12 |
4 536 411P |
144,30 |
| 01-May-10 |
2 000 |
76,79 |
03-Mar-12 |
3 936 111P |
* |
| 01-May-10 |
1 000 |
144,30 |
10-Aug-12 |
536 500P |
134,30 |
| 28-May-10 |
1 000 |
144,30 |
11-Aug-12 |
725 797 |
* |
| 01-Jun-10 |
10 000 |
76,79 |
|
|
|
| 01-Jun-10 |
5 500 |
110,98 |
|
|
|
| 01-Jun-10 |
3 000 |
134,30 |
|
|
|
| 01-Jun-10 |
3 500 |
144,30 |
|
|
|
| 30-Jun-10 |
1 318 596 |
76,79 |
|
|
|
| 01-Jul-10 |
4 000 |
110,98 |
|
|
|
| Total |
1 447 596 |
|
|
17 521 060 |
|
| * |
Restricted shares issued at a market price for no consideration, to
participants and held by the scheme until expiry date (subject to
achievement of performance conditions Participants have full rights and
receive dividends. |
Matched shares:
The obligation to deliver the following matched shares, 50% is subject to time
and the other 50% to performance criteria, exists at 31 December 2009:
| |
Instrument |
Number of |
| |
expiry date |
shares |
| |
31-Mar-10 |
139 057 |
| |
01-Apr-11 |
261 000 |
| |
01-Apr-12 |
182 991 |
Total |
|
583 048 |
P Performance-based instruments.
