v3.22.2.2
Share-Based Payments
 6 Months Ended
Jun. 30, 2022
Disclosure Of Share Based Payment Arrangements Text Block Abstract  
Share-based payments

14. Share-based payments

 

Share-based payments charge

 

For the six months ended June 30, 2022, the Group recognized a share-based payment charge of £35.1 million in the statement of profit or loss (six months June 30, 2021: £12.7 million).

 

The following options were granted during the six months ended June 30, 2022:

 

Scheme  Number   Grant date   Expiry date 
Incentive Equity Plan   1,850,886    01/01/2022    01/01/2032 
Incentive Equity Plan   1,191,300     01/04/2022    01/04/2032 
SAYE scheme   1,496,903    26/01/2022    31/08/2025 

 

Employee share option fair value assessment

 

The following information is relevant in the determination of fair value of the employee share options granted during the six months ended June 30, 2022:

 

   Incentive
Equity
Plan		   SAYE
scheme		 
         
Exercise price  £nil   £3.60 
Expected volatility   N/A    53.4%
Dividend yield   Nil    Nil 
Risk free interest rate   N/A    1.15%
Fair value per share1  £2.13 - £4.46   £0.73 

 

  1 Considering that the Incentive Equity Plan awards vest over time without any further restrictions, the fair value is equal to the Company’s closing stock price as of the grant date.

 

The number of options outstanding as at June 30, 2022 was 63,138,049 (December 31, 2021: 74,262,739).