Notes to the consolidated financial statements For the year ended 30 June 2024
30. Equity-settled share-based payments
A summary of the inputs into the fair value calculations for options granted during the year is set out below.
All share options granted to employees under the Group’s equity-settled share-based payment schemes are valued using the Black–Scholes model, based on the market price of the Company’s shares at the grant date and annualised volatility of up to 50%, covering the period to the end of the contractual life. Volatility has been estimated on the basis of the Company’s historical share price subsequent to flotation. The risk-free annual rate of interest is deemed to be the yield on a gilt-edged security with a maturity term between seven months and five years, ranging from 0.01% to 2.00%. No options outstanding at 30 June 2024 (FY23: none) carry any dividend or voting rights. The share options in issue under the various equity-settled share-based payment schemes have been valued at prices ranging from £7.35 to £16.49 per share. The charge to the Consolidated statement of comprehensive income for the year in respect of these was £2,407,000 (FY23: £2,686,000). The weighted average remaining contractual life of all equity-settled share-based payment schemes at 30 June 2024 was 1.36 years (FY23: 1.17 years). The weighted average share price of all options exercised during the year was £18.32 (FY23: £19.34).
Save As You Earn (“SAYE”)
Long-Term Incentive Plan
Grant date
Various 01/06/2024
Share price at grant
£16.50 - £18.05 27 – 51 months
£20.60
Vesting period
36 months
Volatility
35.34 – 38.06% 38.01%
Annual dividend
4.26 – 4.73% 3.95 – 4.92% £14.33 – £16.49
3.79% 4.07% £7.35
Risk-free rate Option value
The exercise price and fair value of share options granted during the year were as follows:
Exercise price £
Fair value £
Number of options
Long-Term Incentive Plan Employee Sharesave Scheme
– 14.33 – 16.49
232,851 63,603
14.62
7.35
152 Brooks Macdonald Group plc Annual Report and Accounts 2024
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