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BUSINESS MODEL

AND STRATEGIC

OBJECTIVES

LEADERSHIP

GOVERNANCE

OPERATING

PERFORMANCE

SHAREHOLDERS’

INFORMATION AND

ADMINISTRATION

FINANCIAL

PERFORMANCE

BLUE LABEL INTEGRATED ANNUAL REPORT 2014

205

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS

CONTINUED

For the year ended 31 May 2014

Awards

outstanding

as at the

beginning

of the year

Number

of shares

awarded

Awards

forfeited

during

the year

Awards

vested

during

the year

Balance

as at

the end

of the year

450 486

—

(16 910)

(433 576)

—

470 507

—

—

—

470 507

334 474

—

—

— 334 474

— 271 883

—

— 271 883

1 255 467

271 883

(16 910)

(433 576)

1 076 864

450 486

—

(16 910)

(433 576)

—

470 507

—

—

—

470 507

334 474

—

—

— 334 474

— 271 883

—

— 271 883

1 255 467

271 883

(16 910)

(433 576)

1 076 864

379 787

—

(14 256)

(365 531)

—

396 667

—

—

—

396 667

281 982

—

—

— 281 982

— 229 214

—

— 229 214

1 058 436

229 214

(14 256)

(365 531)

907 863

196 409

—

(7 372)

(189 037)

—

205 139

—

—

—

205 139

145 829

—

—

— 145 829

— 118 540

—

— 118 540

547 377

118 540

(7 372)

(189 037)

469 508

196 409

—

(7 372)

(189 037)

—

205 139

—

—

—

205 139

145 829

—

—

— 145 829

— 118 540

—

— 118 540

547 377

118 540

(7 372)

(189 037)

469 508