| 30. Share-based payments | ||
| CapMan Plc had one stock option program at the end of 2012. The Company has a weighty finansial reason for the issue of stock options, since the stock options are intended to form part of the Group's incentive and commitment program for the Group key personnel. The fair value of stock options has been assessed at the grant date and expensed straight-line in the income statement over the vesting period. Fair value of options at the grant date is determined in accordance with the Black&Scholes model. | ||
| Key information on the stock option programs is presented in the table below. | ||
| Stock option program 2008 | ||
| Stock option 2008A | Stock option 2008B | |
| Stock options, number | 2,135,000 | 2,135,000 |
| Entitlement to subscribe for B shares | 2,135,000 | 2,135,000 |
| Share subscription period begins | 1 May 2011 | 1 May 2012 |
| Share subscription period ends | 31 Dec 2012 | 31 Dec 2013 |
| Share subscription price | Trade volume weighted average price of the B share on the Nasdaq OMX Helsinki 1.5.-30.6.2008 with an addition of ten (10) per cent less dividends i.e. €2.46. |
Trade volume weighted average price of the B share on the Nasdaq OMX Helsinki 1.5.-30.6.2009 with an addition of ten (10) per cent less dividends i.e. €0.89. |
| Number of shares subscribed with stock options | - | - |
| Stock option program 2008 | ||
| Information applied in the Black&Scholes model | Stock option 2008A | Stock option 2008B |
| Expected volatility | 20.00% | 20.00% |
| Risk-free interest | 2.75% | 2.75% |
| Shares and stock options | ||||||||
| Shares 31 Dec 2012 | Stock options 31 Dec 2012 | |||||||
| of shares, % |
of votes, % |
of shares, % |
of votes, % |
|||||
| Number | Distributed stock options 31 Dec 2012 |
of shares % | of votes % | if all distributed stock options will be exercised |
if all stock options of option programs will be exercised |
|||
| A shares | 5,750,000 | 6.8 % | 44.1 % | |||||
| B shares | 78,531,766 | 93.2 % | 57.7 % | |||||
| 2008A options | 2,135,000 | 1,926,250 | 2.3 % | 1.4 % | 2.5 % | 1.6 % | ||
| 2008B options | 2,135,000 | 2,070,000 | 2.5 % | 1.5 % | 2.5 % | 1.6 % | ||