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Annual Report and Accounts 2014
4.7 Share options
The Group uses share option schemes to reward and retain its employees. The estimated cost of awarding these share options is charged to the income
statement over the period that the Group benefits from the employees’ services. This cost is then added back to retained earnings, to reflect that there is
no overall impact on the Group’s balance sheet until the shares are issued to the employees when the options are exercised.
The individual share option schemes, the number of options outstanding under each of them, the estimated cost of these options recognised in the income
statement and the assumptions used in arriving at this estimated cost are described in this section.
4.7.1 Outstanding share options
At 31 December 2014, options to purchase ordinary shares had been granted to, but not yet exercised by, participants of IMI share option schemes as follows:
Date of
Number
grant
of shares
Price
Dates from which exercisable
IMI Sharesave Scheme
09.04.09 20,517
201.36p
01.08.14 to 31.01.15
06.04.10 41,262
510.92p
01.08.15
06.04.11 26,556
849.02p
01.08.14 or 01.08.16
10.04.12 105,603
890.01p
01.08.15 or 01.08.17
05.04.13 70,012 1196.50p
01.08.16 or 01.08.18
06.05.14 97,909 1384.02p
01.08.17 or 01.08.19
361,859
Global Employee Share Purchase Plans
19.12.11 32,706
849.02p
01.08.14 or 01.08.16
10.04.12
1,807
868.05p
01.08.14 to 31.01.15
10.04.12
5,884
890.01p
01.08.15 or 01.08.17
20.08.13 30,712 1287.60p
01.08.15
26.08.14 30,784 1225.00p
01.08.16
101,893
Executive Share Option Scheme
23.03.05
7,960
420.50p
23.03.08 to 23.03.15
7,960
IMI Share Option Plan
03.09.09 17,898
440.93p
03.09.12 to 03.09.19
22.03.10 28,500
645.00p
22.03.13 to 22.03.20
23.03.11 282,000
971.83p
23.03.14 to 23.03.21
04.05.12 740,265
980.67p
04.05.15 to 04.05.22
27.11.12 17,950 1007.33p
27.11.15 to 27.11.22
23.03.13 518,806 1322.70p
23.03.16 to 23.03.23
10.05.13 10,000 1294.33p
10.05.16 to 10.05.23
22.10.13 74,000 1518.33p
22.10.16 to 22.10.23
11.03.14 540,983 1467.00p
11.03.17 to 11.03.24
2,230,402
IMI 2005 Long-term Incentive Plan (also known as Performance Share Plan)
03.04.06
4,908
-
03.04.09 to 03.04.16
05.04.07
2,794
-
29.03.10 to 05.04.17
04.04.08
8,500
-
04.04.11 to 04.04.18
10.03.09 124,380
-
10.03.12 to 10.03.19
10.03.11 32,214
-
10.03.14 to 10.03.21
04.05.12 185,826
-
04.05.15 to 04.05.22
12.03.13 109,233
-
12.03.16 to 12.03.23
22.10.13 98,792
-
22.10.16 to 22.10.23
11.03.14 162,850
-
11.03.17 to 11.03.24
729,497
Share Matching Plan
22.03.10 142,081
-
22.03.13 to 22.03.20
28.03.11 193,365
-
28.03.14 to 28.03.21
10.05.12 895,039
-
10.05.15 to 10.05.22
12.03.13 503,396
-
12.03.16 to 12.03.23
01.04.14 392,954
-
01.04.17 to 01.04.24
2,126,835
Total
5,558,446
