69 Finsbury Food Group Annual Report & Accounts 2017


Notes to the Consolidated Financial Statements


23. Share Capital (continued)


Share Based Payments The Group operates both approved and unapproved share option schemes.


The fair value is calculated at the grant date and ultimately expensed in the Consolidated Statement of Profit and Loss over the vesting period, based on the best available estimate of the number of share options expected to vest, with a corresponding credit to reserves. Upon exercise of the share options the proceeds received net of attributable transaction costs are credited to share capital and where appropriate share premium.


There were a number of options granted during the course of the financial year to 1 July 2017 with further details given below. Date of grant


29 September 2016 29 September 2016


Charge relating to options granted in the current year Charge relating to options granted in prior years Charge included in Administrative expenses


Number of options granted


889,996 544,384


Number of options expected to vest


889,996 544,384


Exercise price


Nil Nil


Fair value £000


760 524


Amount expensed in year to


1 July 2017 £000


190 131 321 919


1,240 There were a number of options granted during the course of the financial year to 2 July 2016 with further details given below. Date of grant


4 December 2015 4 December 2015


Number of options granted


1,200,146 423,980


Charge relating to options granted in the current year Credit relating to options granted in prior years Credit included in Administrative expenses


Details of share options outstanding at 1 July 2017 and movements during the year by exercise price is shown below:


Exercise price


58.0p 54.8p Nil Nil Nil Nil Nil


exercise date


May 2017 Jul 2017 Sep 2018 Jul 2019 Jul 2020 Jun 2021 Sep 2019


First


exercise date


May 2024 Jul 2024 Dec 2025 Jun 2025 Dec 2025 Sep 2026 Sep 2026


Last At 2 July 2016


302,758 155,172 423,980


1,859,115 1,200,146 - -


3,941,171 Granted


- - - - -


889,996 544,384


1,434,380 Forfeited


- - - - - - - -


Cancelled


- -


(29,899) - - - -


(29,899) Exercised


(302,758) - - - - - -


(302,758) At 1 July 2017 -


155,172 394,081


1,859,115 1,200,146 889,996 544,384


5,042,894


Number of options expected to vest


972,118 343,424


Exercise price


Nil Nil


Fair value £000


947 383


2 July 2016 £000


195 79


274 465 739


Amount expensed in year to


Period of expense


3 years 3 years


Period of expense


3 years 3 years


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