XML 544 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1
Share Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Movement in Number of Shares Held by ESOP Trustees
In millions
At January 1, 2020$(1.7)
Shares sold from ESOP0.3 
At December 31, 2020(1.4)
Utilization of ESOP shares0.3 
At December 31, 2021$(1.1)
The change in the number of shares held by the Trustees of the ESOP and the number of share options held over those shares are shown below:
Number of shares held by ESOP Trustees
£0.0001 deferred shares
£0.50 ordinary shares
At January 1, 202115,977,968,688 1,013,512 
Shares utilized during the year— (242,579)
Shares transferred into ESOP during the year— 67,625 
At December 31, 202115,977,968,688 838,558 
Schedule of Share-based Compensation Expense
Total share-based compensation expense for 2021, 2020 and 2019 was as follows:
Years ended December 31,
In millions202120202019
Total share-based compensation charges$2.8 $2.8 $4.5 
Share-based Compensation, Stock Options, Activity
The following tables illustrates the number of, and movements in, share options during the year, with each option relating to 1 ordinary share:
Number of sharesWeighted- average exercise priceWeighted- average remaining contractual life (years)Aggregate intrinsic value ($M)
At January 1, 2021412,804 $0.87 1.9$6.8 
Granted during the year174,264 $1.00 
Exercised during the year(271,851)$0.77 
Accrued dividend awards7,898 $0.95 
Lapsed during the year(25,628)$0.92 
At December 31, 2021297,487 $0.99 2.2$5.7 
Options exercisable at December 31, 202113,874 $0.84 3.1$0.2 
Options expected to vest as of December 31, 2021269,432 $1.00 2.2$5.2 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table illustrates the assumptions used in deriving the fair value of share options during the year:
202120202019
Dividend yield (%)
2.27
3.39 - 4.09
2.10 
Expected volatility range (%)
42.80 - 59.03
36.48 - 56.28
35.06 - 44.20
Risk-free interest rate (%)
0.04 - 0.24
0.18 - 0.49
0.74 - 2.52
Expected life of share options range (years)
0.50 - 4.00
0.50 - 4.00
0.50 - 4.00
Forfeiture rate (%)5.00 5.00 5.00 
Weighted average exercise price ($)$1.00$1.00$1.00
Models usedBlack-Scholes & Monte-CarloBlack-Scholes & Monte-CarloBlack-Scholes & Monte-Carlo