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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
214
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
31.
EQUITY COMPENSATION BENEFIT (continued)
Forfeitable shares (continued)
Movements in the number of forfeitable shares outstanding during the year are as follows:
Grant date
Vesting date
Number
of shares
Fair value
of grant
R’000
At 31 May 2012
12 127 082
59 578
Second award
3 083 804
18 040
Third award
4 214 634
19 809
Fourth award
4 828 644
21 729
Granted during the year
3 496 103
23 459
Fifth award
3 September 2012
31 August 2015
3 496 103
23 459
Shares forfeited during
the year
(1 285 962)
(6 382)
Second award
(383 291)
(2 242)
Third award
(389 810)
(1 832)
Fourth award
(512 861)
(2 308)
Shares vested during the
year
(2 700 513)
(15 798)
Second award
1 September 2012
(2 700 513)
(15 798)
At 31 May 2013
11 636 710
60 857
Third award
3 824 824
17 977
Fourth award
4 315 783
19 421
Fifth award
3 496 103
23 459
Granted during the year
2 782 541
24 347
Sixth award
2 September 2013 31 August 2016
2 782 541
24 347
Shares forfeited during
the year
(1 074 880)
(5 724)
Third award
(194 902)
(916)
Fourth award
(496 374)
(2 234)
Fifth award
(383 604)
(2 574)
Shares vested during
the year
(3 629 922)
(17 061)
Third award
31 August 2013 (3 629 922)
(17 061)
At 31 May 2014
9 714 449
62 419
Fourth award
3 819 409
17 187
Fifth award
3 112 499
20 885
Sixth award
2 782 541
24 347