|
Performance |
|
Bonus |
|
shares |
|
Shares |
| 2015 |
MONTE CARLO SIMULATION |
2015 |
|
|
|
|
| 42.3% |
Weighted average historical volatility (based on a statistical analysis of the share price on a weighted moving average basis for the expected term of the option) |
42.3% |
|
3 |
Expected term (years) |
n/a |
|
n/a |
Expected term (months) |
9 - 18 |
| 4.9% |
Expected dividend yield |
4.9% |
| 6.4% |
Weighted average three-year risk-free interest rate (based on SA interest rates) |
6.4% |
|
n/a |
Marketability discount |
2.1% |
|
37.41 |
Weighted average fair value |
25.56 |