Tesco 2013 Annual Report Download - page 137

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133
Tesco PLC Annual Report and Financial Statements 2013
OVERVIEW BUSINESS REVIEW PERFORMANCE REVIEW GOVERNANCE FINANCIAL STATEMENTS
Note 11 Share-based payments continued
For the year ended 25 February 2012
Savings-related
Share Option Scheme
Approved
Share Option Scheme
Unapproved
Share Option Scheme
Nil cost
share options
Options WAEP Options WAEP Options WAEP Options WAEP
Outstanding at 26 February 2011 33,834 342.93 64,330 373.06 14,368,570 385.59 12,399,127 0.00
Granted 4,944 364.00 – – – – 4,742,273 0.00
Forfeited (5,028) 343.54 – – – – (603,508) 0.00
Exercised (7,838) 313.89 – – – – (507,617) 0.00
Outstanding at 25 February 2012 25,912 355.62 64,330 373.06 14,368,570 385.59 16,030,275 0.00
Exercisable as at 25 February 2012 – – 28,600 314.68 7,413, 586 395.27 9,468,818 0.00
Exercise price range (pence) – – –
312.75
to 318.60 –
312.75
to 473.75 –0.00
Weighted average remaining
contractual life (years) – – – 3. 51 –4.98 –6.12
Share bonus schemes
The number and WAFV of share bonuses awarded during the financial year relating to the Company employees are:
2013 2012
Shares
number
WAFV
pence
Shares
number
WAFV
pence
Shares in Success – – 5,045 416.26
Executive Incentive Scheme 37,424 308.25 195,497 411.75
Performance Share Plan 649,113 317.10 500,615 407.0 9
Note 12 Pensions
The total cost of the pension scheme to the Company was £1.5m (2012: £1.2m). Further disclosure relating to the Tesco PLC Pension Scheme
can be found in Note 26 of the Group financial statements.
Note 13 Called up share capital
2013 2012
Ordinary shares of 5p each Ordinary shares of 5p each
Number £m Number £m
Allotted, called up and fully paid:
At beginning of the year 8,031,812,445 402 8,046,468,092 402
Share options 18,632,251 123,490,825 1
Share bonus awards 3,610,234 –32,656,313 2
Shares purchased for cancellation – – (70,802,785) (3)
At end of the year 8,054,054,930 403 8,031,812,445 402
During the financial year, 19 million (2012: 23 million) ordinary shares of 5p each were issued in relation to share options for an aggregate
consideration of £57m (2012: £69m).
During the financial year, 4 million (2012: 33 million) shares of 5p each were issued in relation to share bonus awards for an aggregate consideration
of £0.2m (2012: £1.6m).
Between 24 February 2013 and 12 April 2013 options over 1,288,429 ordinary shares were exercised under the terms of the Savings-related Share
Option Scheme (1981) and the Irish Savings-related Share Options Scheme (2000). Between 24 February 2013 and 12 April 2013 options over
2,741,490 ordinary shares have been exercised under the terms of the Executive Share Option Schemes (1994 and 1996) and the Discretionary
Share Option Plan (2004).
As at 23 February 2013, the Directors were authorised to purchase up to a maximum in aggregate of 804.0 million (2012: 803.6 million) ordinary shares.
The holders of ordinary shares are entitiled to receive dividends as declared from time to time and are entitled to one vote per share at general
meetings of the Company.