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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

207

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

343 060

— (39 006)

(304 054)

—

450 486

—

—

— 450 486

470 507

—

—

— 470 507

— 334 474

—

— 334 474

1 264 053

334 474

(39 006)

(304 054)

1 255 467

343 060

— (39 006)

(304 054)

—

450 486

—

—

— 450 486

470 507

—

—

— 470 507

— 334 474

—

— 334 474

1 264 053

334 474

(39 006)

(304 054)

1 255 467

250 148

— (28 442)

(221 706)

—

379 787

—

—

— 379 787

396 667

—

—

— 396 667

— 281 982

—

— 281 982

1 026 602

281 982

(28 442)

(221 706)

1 058 436

149 572

— (17 007)

(132 565)

—

196 409

—

—

— 196 409

205 139

—

—

— 205 139

— 145 829

—

— 145 829

551 120

145 829

(17 007)

(132 565)

547 377

149 572

— (17 007)

(132 565)

—

196 409

—

—

— 196 409

205 139

—

—

— 205 139

— 145 829

—

— 145 829

551 120

145 829

(17 007)

(132 565)

547 377