Punch Taverns plc 2011 Annual Report

90
Punch Taverns plc
Annual Report and Financial Statements 2011
Notes to the financial statements continued
for the 52 weeks ended 21 August 2011
27 Share-based payments continued
Long Term Incentive Plan
20 August
2011
No.
21 August
2010
No.
Outstanding at beginning of period 12,719,903 5,594,499
Adjusted during the period 1 – 87,660
Granted during the period 12,764,610 7,539,282
Expired during the period (3,061,498) (318,423)
Forfeited during the period (1,321,594) (183,115)
Outstanding at end of period 21,101,421 12,719,903
Outstanding at end of period due to Group employees 8,681,817
Outstanding at end of period due to Spirit employees 12,419,604
1
Adjustment to each individual holding made in accordance with the equity raise on 7 July 2009 as approved by the Remuneration Committee on 7 October 2009.
Deferred Share Bonus Plan
20 August
2011
No.
21 August
2010
No.
Outstanding at beginning of period 84,537 99,141
Adjusted during the period 1 – 634
Removed during the period (57,774) (358)
Expired during the period (26,206) (14,880)
Forfeited during the period (557) –
Outstanding at end of period – 84,537
1
Adjustment to each individual holding made in accordance with the equity raise on 7 July 2009 as approved by the Remuneration Committee on 7 October 2009.
Share Bonus Plan
20 August
2011
No.
21 August
2010
No.
Outstanding at beginning of period 104,144 102,500
Adjusted during the period 1 – 1,644
Expired during the period (5,080) –
Released during the period (99,064) –
Outstanding at end of period – 104,144
1
Adjustment to each individual holding made in accordance with the equity raise on 7 July 2009 as approved by the Remuneration Committee on 7 October 2009.
Share Incentive Plan
20 August
2011
No.
21 August
2010
No.
Outstanding at beginning of period 1,303,145 826,729
Granted during the period 438,026 521,060
Forfeited during the period (134,900) (36,494)
Released during the period (41,729) (8,150)
Outstanding at end of period 1,564,542 1,303,145