38.1 DBSH Share Plan and DBSH Employee Share Plan
The following table sets out the movements of the awards during the year.
2014 2013
Number of shares Share Plan
ESP Share Plan
ESP
Balance at 1 January 16,008,527
1,534,441 13,642,125
1,232,926 Granted
5,848,665 815,748
5,741,878 707,960
Vested 4,496,850
395,370 2,482,772
238,788 Forfeited
143,911 177,626
892,704 167,657
Balance at 31 December 17,216,431
1,777,193 16,008,527
1,534,441 Weighted average fair value of the shares granted during the year
16.66 16.65
15.11 15.07
Since the inception of the Share Plan and ESP, no awards have been cash-settled.
38.2 DBSH Share Ownership Scheme
The outstanding shares held under DBSH Share Ownership Scheme are as follows:
Ordinary shares Market value
Number In millions
2014 2013
2014 2013
Balance at 1 January 6,658,006
6,509,414 114
97 Balance at 31 December
6,593,283 6,658,006
136 114
38.3 DBSH Share Option Plan
The following table sets out movements of the unissued ordinary shares of the Company under outstanding options.
2014 2013
Unissued number of Weighted Unissued number of Weighted ordinary shares
average ordinary shares
average under outstanding
exercise under outstanding
exercise options
price options
price
Balance at 1 January 1,434,875
12.64 3,245,412
11.32 Movements during the year:
– Exercised
1,051,456 12.58
1,699,266 10.34
– ForfeitedExpired 28,542
12.56 111,271
9.35 Balance at 31 December
354,877 12.81
1,434,875 12.64
Weighted average remaining contractual life of options outstanding at 31 December
0.16 years 0.55 years
Exercise price of options outstanding at 31 December 12.81
12.53 to 12.81 In 2014, 1,051,456 options 2013: 1,699,266 were exercised at their contractual exercise prices. During the year, the corresponding
weighted average market price of the Company’s shares was 16.71 2013: 15.44.
39 RELATED PARTY TRANSACTIONS
39.1 Transactions between the Company and its subsidiaries,
including consolidated structured entities, which are related parties of the Company, have been eliminated on consolidation and are
not disclosed in this Note.
39.2 During the financial year, the Group had banking
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