32,657 (1999: 31,571) ordinary shares were issued during the year on the exercise of executive share options and
36,481 (1999: 28,651) on the exercise of rights under warrants to subscribe.
There were no warrants in issue at 31 March 2000 to subscribe for ordinary shares (1999: 1,833,141 warrants to
subscribe at 600p each exercisable in July 1999).
Executive share option scheme
Number of shares under option
Exercise price
Exercisable from
Expiring on
2000
1999
81,083
21,501
55,222
112,840
21,501
56,122
222p
300p
365p
6 July 1995
2 July 1996
5 July 1998
5 July 2002
1 July 2003
4 July 2005
Long term share option scheme
Number of shares under option
Potentially exercisable from
Expiring on
2000
1999
35,543
30,948
38,409
34,543
30,948
–
6 January 2001
9 July 2001
24 June 2002
5 January 2005
8 July 2005
23 June 2006
The total exercise consideration in respect of each participant in the scheme is £100 for each grant.
The rules of the Group's share option schemes limit the aggregate number of shares over which options
may be granted.
