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Share Options

Volume 124: debated on Friday 11 December 1987

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To 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.

[holding answer 7 December 1987]: The figures are as follows:

Number of schemes approved
FA 1980 SAYE schemesFA 1984 schemes
In yearCumulative totalIn yearCumulative total
1980–812222
1981–82115137
1982–8378215
1983–8473288
1984–85115403202202
1985–861115141,2511,453
1986–871046187512,204
1987–881706884952,699
1 To date.

To 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.

[holding answer 7 December 1987]: Estimates for each year are as follows:

FA 1980 SAYE schemesFA 1984 schemes
Number of optantsCost of taking up optionsNumber of optantsCost of taking up options
Thousands£ millionThousands£ million
1980–811118
1981–8289151
1982–8395175
1983–84105185

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

1984–8522556050800
1985–8620046050750
1986–8727050045900

To 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.

[holding answer 7 December 1987]: Estimates for each year are as follows:

FA 1980 SAYE schemesFA 1984 schemes
Number of shares over which options were grantedCost of taking up optionsNumber of shares over which options were grantedCost of taking up options
Million£ millionMillion£ million
1980–81118
1981–821151
1982–83100175
1983–84100185
1984–85250560420800
1985–86160460380750
1986–87230500460900
1 Figures not readily available.
An analysis by company type is not available.

To 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.

[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 ActNumber 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)
19805560165
1984na45280
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.