NOTES TO THE FINANCIAL STATEMENTS
RAMSAY HEALTH CARE LIMITED
V Other information
This section includes other information that must be disclosed to comply with the accounting standards and other
pronouncements, but that is not immediately related to individual line items in the financial statements.
18 Share based payment plans
A share based payment is a transaction in which the Group receives goods or services in exchange for rights to its own shares.
Ramsay operates one performance rights scheme, where share rights may be issued to eligible employees.
An executive performance rights scheme was established in January 2004 where Ramsay Health Care Limited may, at the discretion of the
Board, grant rights over the ordinary shares of Ramsay Health Care Limited to executives of the consolidated entity. The rights are issued for nil
consideration and are granted in accordance with the plan’s guidelines established by the Directors of Ramsay Health Care Limited. The rights
cannot be transferred and will not be quoted on the ASX. Non-executive directors are not eligible for this plan.
Information with respect to the number of rights granted under the executive performance rights plan is as follows:
Balance at beginning of year 1,277,546 1,685,969
granted 246,907 $43.30 263,096 $52.59
vested (7,505) $68.22 (201,620) $69.32
forfeited (472,611) $56.17 (469,899) $53.46
Balance at end of year 1,044,337 1,277,546
Exercisable at end of year - -
The following table summarises information about rights held by participants in the executive performance rights plan as at 30 June 2021:
Number of Rights Grant Date Vesting Date1
152,291 17-Nov-17 28-Aug-20 $32.61
199,444 15-Nov-18 31-Aug-21 $33.86
219,441 15-Nov-18 31-Aug-21 $51.22
104,244 15-Nov-19 31-Aug-22 $33.36
123,203 15-Nov-19 31-Aug-22 $68.62
122,849 15-Dec-20 31-Aug-23 $27.14
122,865 15-Dec-20 31-Aug-23 $59.45
1 The vesting date shown is the most likely vesting date subject to full satisfaction of the respective performance conditions.
2 Fair value at grant date
116 Annual Report 2021