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On 1 June 2020 Charm issued 100 options to 10,000 of its employees. The fair value of each option at the grant date was 20.

On 1 June 2020 Charm issued 100 options to 10,000 of its employees. The fair value of each option at the grant date was 20. On this date the market value of Charms shares was 30 per share. The shares will vest on 1 June 2022 if the market price of Charms shares have increased by at least 10% over the vesting period (from its market price at the 1 June 2020) and the employees must remain in employment for two years. At 31 May 2021 200 employees had left and it was anticipated that a further 200 employees would leave in the year to 31 May 2022. The share price of Charm at 31 May 2021 was 32. No accounting entries in respect of the share option have been made this year as the share price has not increased by 10% and we do not know with sufficient reliability that the 10% increase in market price of shares criteria will be achieved by the vesting date.,,..

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