Changes in the Outstanding SAR
2,902,786 SAR from tranches three through seven were exercised on an ordinary basis in 2007. In addition, 100,349 SAR from tranches three, four, five, and seven were exercised in accordance with the SAR terms and conditions on an extraordinary basis. The total gain to the holders on exercise amounted to EUR163.2 million (2006: EUR134.4 million). 7,000 SAR from tranche three expired during 2007.
The provision for the SAR program was EUR23.2 million as of the balance sheet date (2006: EUR143.1 million). The expense for the 2007 fiscal year amounted to EUR43.4 million (2006: EUR113.0 million).
The number of SAR, provisions for and expenses arising from the E.ON SAR program have changed as shown in the following table:
The provision for the SAR program was EUR23.2 million as of the balance sheet date (2006: EUR143.1 million). The expense for the 2007 fiscal year amounted to EUR43.4 million (2006: EUR113.0 million).
The number of SAR, provisions for and expenses arising from the E.ON SAR program have changed as shown in the following table:
