SABMiller Executive Share Option No 2 Scheme

Bottling AppletiseBrewery scenePilsener beer
 
 
Director
No of share
options as at
31 March 2004
No of share
options granted
during
the year
Exercisable
3-10 years
from
Subscription
price
(£)
No of share
options vested
during
the year
No of share
options exercised
during
the year
No of share options
outstanding
as at 31 March
2005
Expected
value
(£)
EAG Mackay 112,577 09/03/1999 4.85 112,577 112,577 240,239
  159,416 02/06/2000 4.11 159,416 159,416  262,080
  161,589 01/06/2001 5.16 161,589 161,589  258,478
  201,578* 31/05/2002 5.705 201,578  391,001
  327,721  23/05/2003 4.1575 327,721 426,037
    222,704  21/05/2004 6,605  –  222,704 425,365
              1,185,585  
MI Wyman 60,463 09/03/1999 4.85 60,463 60,463   129,028
  85,341 02/06/2000 4.11 85,341  85,341  140,301
  88,857 01/06/2001 5.16 88,857  88,857  142,136
  93,339* 31/05/2002 5.705  93,339  181,050
  153,337  23/05/2003 4.1575 153,337 199,338
    102,195  21/05/2004 6,605  –  102,195  195,192
              583,532  

* The share options indicated were eligible to be tested against the performance conditions described in this report for the three years ended 31 March 2005. The performance hurdle having been exceeded, these share options are eligible to be exercised as at 31 May 2005.
Note: Mr Mackay and Mr Wyman were granted 211,353 and 91,486 share options respectively at a subscription price of £8.28 per share on 20 May 2005.

Options granted under the Approved and No 2 Schemes in 1999, 2000 and 2001 vested and became exercisable as the company’s adjusted EPS for the year to 31 March 2004, at 45.8 pence (converted from US$ at the average exchange rate over the period 1 April 2003 to 31 March 2004), was more than 15.9% higher (the aggregate of RPI movement and 3% per annum compound growth) than the adjusted EPS of 36.0 pence for the year to 31 March 2001 (the base year for calculation of the performance condition) converted from US$ at the average exchange rate for the period from 1 April 2000 to 31 March 2001.

The terms and conditions of the options, including the performance conditions to which their vesting is subject (as set out on page 54), remained unchanged during the relevant period.

Back to top  back to top