Share Plans

3 Months Ended

Mar. 29, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Total share-based compensation expense for the quarters ended March 29, 2020, and March 31, 2019, was as follows:



	First Quarter
In millions	2020		2019
Total share-based compensation charges	$	0.5	$	2.6

In March 2020, we issued our annual share-based compensation grants under the Luxfer Holdings PLC Long-Term Umbrella Incentive Plan. The total number of awards issued was approximately 130,000 and the weighted average fair value of options granted in 2020 was estimated to be $11.30 per share.

The following table illustrates the assumptions used in deriving the fair value of share options granted during the First Quarter of 2020 and the year-ended December 31, 2019:



	2020	2019
Dividend yield (%)	2.10	2.10
Expected volatility range (%)	39.00	35.06 - 44.20
Risk-free interest rate (%)	1.60	0.74 - 2.52
Expected life of share options range (years)	4.00	0.50 - 4.00
Weighted average exercise price ($)	$1.00	$1.00
Model used	Black-Scholes	Black-Scholes & Monte-Carlo

The expected life of the share options is based on historical data and current expectations, and is not necessarily indicative of exercise patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the options is indicative of future trends, which may not necessarily be the actual outcome.