EMI share option scheme
Share options have been granted to certain employees under an EMI share option scheme. The options expire ten years after the grant date.
Included within administrative expenses is a share based payments expense of £nil (2023: £nil)
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: 47,843 (2023: nil)
Issued during the year: nil (2023: 53,112)
Lapsed during the year: nil (2023: 5,269)
Outstanding at end of year: 47,843 (2023: 47,843)
The weighted average exercise price of share options issued during the year was nil (2023 - £0.64 per share). The weighted average exercise price of all share options at the year end was £0.64 per share (2023 - £0.64).
Non-EMI share option scheme
Share options have been granted to certain members of management under an unapproved share option scheme. The options expire ten years after the grant date.
Included within administrative expenses is a share based payments expense of £nil (2023: nil)
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: 19,833 (2023: nil)
Issued during the year: nil (2023: 19,833)
Outstanding at end of year: 19,833 (2023: 19,833)
The weighted average exercise price of share options issued during the year was nil (2023 - £0.64 per share). The weighted average exercise price of all share options at the year end was £0.64 per share (2023 - £0.64).