content_image/211829.jpg content_image/211840.jpg content_image/211838.jpg content_image/211839.jpg
21. Share-based payments continued 

 The following assumptions were used for the fair value calculations: 

<img src='content_image/211829.jpg'>

<img src='content_image/211840.jpg'>

## D) Development of plans 

Stock option plan activity (including stock options granted under the LTIP and the EIP) for the years ended 31 December 2012 and 2011 was as follows: 

<img src='content_image/211838.jpg'>

The weighted average share price at the date of exercise of options was €16.30 and €14.04 in the years ended 31 December 2012 and 2011 respectively. 

Liabilities from share option exercises to employees were nil at 31 December 2012 (2011: US$135,000). 

The following table summarises information on stock options outstanding (including stock options granted under the LTIP and the EIP) at 31 December 2012: 

<img src='content_image/211839.jpg'>

## E) Employee benefit trust 

The Group established an employee benefit trust (the “Trust”). The Trust purchases shares in the Group for the benefit of employees under the Group’s share option scheme. At 31 December 2012 the Trust held 2,679,768 shares (2011: 1,267,322). 

