To satisfy options granted under the 1992 Executive Share Option Scheme (closed in July 2000) and the Sharesave Scheme, the Company issues new shares. To satisfy outstanding awards under the 2000 Executive Share Option Scheme, PSP and DBSP matching shares, the Company uses either treasury shares or shares that have been purchased by the Trustees of the Tate & Lyle Employee Benefit Trust. The Company will use shares that have been purchased by the Employee Benefit Trust to satisfy awards made to Javed Ahmed and any awards to be made under the Group Bonus Plan.
In the ten-year period to 31 March 2011, awards made under the executive schemes represented 0.71% of the Company’s issued ordinary share capital (2010 – 1.6%), leaving available dilution headroom of 4.29% (2010 – 3.4%). Awards made under all share schemes represented 1.1% of the Company’s issued ordinary share capital (2010 – 3.0%) leaving available dilution headroom of 8.9% (2010 – 7.0%).