§ Mr. Gordon BrownTo ask the Chancellor of the Exchequer if he will list the number of share option schemes approved in each of the tax years since the inception of the legislation.
§ Mr. Norman Lamont[holding answer 7 December 1987]: The figures are as follows:
Number of schemes approved FA 1980 SAYE schemes FA 1984 schemes In year Cumulative total In year Cumulative total 1980–81 22 22 1981–82 115 137 1982–83 78 215 1983–84 73 288 1984–85 115 403 202 202 1985–86 111 514 1,251 1,453 1986–87 104 618 751 2,204 1987–881 70 688 495 2,699 1 To date.
§ Mr. Gordon BrownTo ask the Chancellor of the Exchequer if he will list the aggregate number and price of options granted in each of the tax years since the inception of the scheme.
§ Mr. Norman Lamont[holding answer 7 December 1987]: Estimates for each year are as follows:
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FA 1980 SAYE schemes FA 1984 schemes Number of optants Cost of taking up options Number of optants Cost of taking up options Thousands £ million Thousands £ million 1980–81 11 18 — — 1981–82 89 151 — — 1982–83 95 175 — — 1983–84 105 185 — —
FA 1980 SAYE schemes FA 1984 schemes Number of optants Cost of taking up options Number of optants Cost of taking up options Thousands £ million Thousands £ million 1984–85 225 560 50 800 1985–86 200 460 50 750 1986–87 270 500 45 900
§ Mr. Gordon BrownTo ask the Chancellor of the Exchequer if he will give, for each tax year since the inception of the share option scheme, for each of the schemes granted(a) the number of shares which were the subject of options and (b) the aggregate price payable for these options for (i) all companies, (ii) companies which are quoted and (iii) companies which are unquoted.
§ Mr. Norman Lamont[holding answer 7 December 1987]: Estimates for each year are as follows:
FA 1980 SAYE schemes FA 1984 schemes Number of shares over which options were granted Cost of taking up options Number of shares over which options were granted Cost of taking up options Million £ million Million £ million 1980–81 1— 18 — — 1981–82 1— 151 — — 1982–83 100 175 — — 1983–84 100 185 — — 1984–85 250 560 420 800 1985–86 160 460 380 750 1986–87 230 500 460 900 1 Figures not readily available. An analysis by company type is not available.
§ Mr. Gordon BrownTo ask the Chancellor of the Exchequer if he will give, for the current tax year(a) the number and value of options that have been exercised and (b) the current market value of unexercised options in quoted companies.
§ Mr. Norman Lamont[holding answer 7 December 1987]: Figures for 1987–88 are not yet available. Estimates for the previous year relating to share option schemes approved under the legislation shown are as follows:
Finance Act Number of optants exercising options in 1986–87 ('000) Number of shares: options exercised in 1986–87 (million) Value of shares obtained through the exercise of options in 1986–87 (£ million) 1980 55 60 165 1984 na 45 280 1 Amount paid for acquisition of shares. 2 1986–87 value of options exercised. The value of unexercised options over shares in quoted companies is not readily available.