Page 248 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
33. SHARE–BASED PAYMENTS (continued)
Share appreciation rights (“SAR”) (continued)
Details of the number of SAR outstanding (’000) are as follows:
Capricorn Group
Bank Windhoek
Capricorn Asset Management
Capricorn Unit Trust Management
Capricorn Investment Holdings
(Botswana)
Total
585
667
174
–
146
1,572
269
242
107
–
66
684
(106)
(170)
(38)
–
(43)
(357)
748
739
243
–
169
1,899
30 June 2020
Opening balance Granted
Vested
Closing balance
30 June 2019
Opening balance Granted
Vested Forfeitures
Closing balance
477 552 130 210 240 95
(62) (75) (51) (40) (50) –
585 667 174
36 131 – 62
(36) (47) – –
– 146
1,326 607
(271) (90)
1,572
2019
356 608 608
– 1,572 3.2 years
SARs issued in September 2015 vested in September 2018 and were exercised during the current financial year. No SAR expired during the periods covered by the above tables.
SARs outstanding (’000) at the end of the year have the following vesting and expiry dates:
2020
–
608
608
683
1,899
3 years
Grant date
September 2016 September 2017
September 2018 September 2019
Vest date
September 2019 September 2020
September 2021 September 2022
Expiry date
September 2021 September 2022
September 2023 September 2024
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The weighted average remaining contractual life of options outstanding at the end of the year