Share based arrangements existed during the period.
The company has 113,038 options granted and vesting at the period end date to be settled via equity. All options start to vest after the employee has completed 1 year of service for a period of 3 years (4 years in total).
Of these options 21,429 can only be exercised in the event of a company exit event, the remainder can be exercised after the 4 year period. 7,769 options vested during the period.
(i)outstanding at the beginning of the period; 57,696
(ii)granted during the period; 62,720
(iii)forfeited during the period; 5,389
(iv)exercised during the period; 54,305
(v)expired during the period; 0
(vi)outstanding at the end of the period; 107,257
(vi)exercisable at the period end date: 0
Management have deemed the value of equity instruments to be the price agreed with HMRC for the purposes of granting the EMI options. £364 has been recognised during the period as an expense.