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16. Share-based compensation reserve continued 16.3 Aspen Share Appreciation Plan: Rights Rights Fair Share outoutvalue price standing Lapsed/ standing at at on Granted cancelled on measure- measureExercise 30 June during during 30 June Nonment ment Dividend Risk-free price Expiry 2005 the year the year 2006 Vested vested date date Volatility yield rate (R) date ’000 ’000 ’000 ’000 ’000 ’000 (R) (R) % % % 23,92 July 2010 — 3 741 95 3 646 21 3 625 10,96 30,54 25,43 2,54 7,55 28,54 Aug 2010 — 29 — 29 — 29 9,38 31,00 24,91 2,54 7,55 29,97 Sep 2010 — 4 — 4 — 4 8,39 30,54 24,87 2,54 7,55 30,04 Sep 2010 — 43 — 43 — 43 8,36 30,54 24,87 2,54 7,55 30,53 Oct 2010 — 26 — 26 — 26 8,86 31,70 24,62 2,54 7,55 31,12 Sep 2010 — 20 — 20 — 20 7,85 30,54 24,72 2,54 7,55 31,68 Oct 2010 — 4 — 4 — 4 7,63 30,54 24,89 2,54 7,55 31,83 Dec 2010 — 37 — 37 — 37 8,24 31,70 24,62 2,54 7,55 31,96 Nov 2010 — 45 — 45 — 45 8,43 32,08 24,66 2,54 7,55 32,59 Dec 2010 — 8 — 8 — 8 12,46 37,99 24,70 2,34 7,30 33,24 Dec 2010 — 4 — 4 — 4 12,11 37,99 24,70 2,34 7,30 33,41 Jan 2011 — 26 — 26 — 26 12,88 39,17 24,79 2,34 7,30 36,67 Jun 2011 — 7 — 7 — 7 8,58 34,28 26,53 2,34 7,30 42,63 Mar 2011 — 17 — 17 — 17 10,24 42,19 25,88 2,34 7,30 43,37 Apr 2011 — 6 — 6 — 6 8,58 43,72 25,27 2,34 7,30 43,41 May 2011 — 6 — 6 — 6 11,43 38,10 25,50 2,34 7,30 — 4 023 95 3 928 21 3 907 The fair value was calculated using the binomial model. Volatility was based on historical data, taking into account the expected life of the appreciation rights. The following reflects the number of shares that will be issued on the assumption that all share options are exercised on the earliest possible date: Number of shares ’000 4 323 2 359 2 159 1 925 1 109 212

Aspen Pharmacare Share Incentive Scheme 2007 2008 2009 2010 2011 2012

Consideration R’000 34 058 28 220 27 022 25 481 17 479 2 116

The vesting profile of the share appreciation rights is as follows: Number of shares ’000 552 3 375

Aspen Share Appreciation Plan 2007 2008

In terms of the Aspen Share Appreciation Plan, participants are settled the growth on appreciation rights in Aspen shares at date of exercise. The number of shares required to be issued can thus only be determined at date of exercise.

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Aspen Annual Report 2006

Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006