content_image/256520.jpg content_image/256519.jpg
## Report on Directors’ Remuneration | continued 

## Directors’ awards under the Performance Share Plan (i) 

<img src='content_image/256520.jpg'>

(i) Performance Share Plan  This is a long-term share incentive plan under which share awards are granted in the form of a provisional allocation of shares for which no exercise price is payable. The structure of the Performance Share Plan is set out on page 59. 

(ii) In 2012, the Remuneration Committee determined that 16.6054% of the 2009 award vested and that portion of the award was released to participants. The balance of the 2009 award lapsed. The market value per share for tax purposes on the date of release was €15.79 for Directors resident in Ireland and €15.85 for Directors resident outside Ireland. 

## Directors’ share options 

Details of movements on outstanding options and those exercised during the year are set out in the table below: 

<img src='content_image/256519.jpg'>

