Ryanair 2004 Annual Report Download - page 51

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23 STATUTORY AND OTHER INFORMATION (Continued)
DIRECTORS EMOLUMENTS (continued)
(c) Pension benefits
2004 2003
Michael O’Leary
Increase in accrued benefit 12,374 11,216
Transfer value equivalent of increase in accrued benefit 61,529 43,919
Total accumulated accrued benefit 85,067 70,394
There have been no changes in pension benefits provided to directors during the year. No pension benefits are provided for non-
executive directors. The executive director is a member of a defined benefit plan. The cost of the death-in-service and disability
benefits provided during the accounting year is not included in the above figures. The pension benefits set out abo ve have been
computed in accordance with Section 12.43 (x) of the Listing Rules of the Stock Exchange. The increase in transfer values of the
accrued benefits have been calculated as at the year-end in accordance with Actuarial Guidance Note GN11.
(d) Shares and share options
(i) Shares
Ryanair Holdings plc is listed on the Irish, London and Nasdaq Stock Exchanges.
The beneficial interests of the directors and of their spouses and minor children are as follows:
March 31, 2004 March 31, 2003
Number of shares % Number of shares %
David Bonderman 7,008,680 0.92% 7,056,680 0.93%
Raymond Mac Sharry 7,280 0.00% 7,280 0.00%
Michael O’Leary 41,000,008 5.41% 45,000,008 5.96%
James R. Osborne 705,128 0.09% 705,128 0.09%
Declan F.Ryan* - - 19,408,273 2.57%
T. Anthony Ryan 10,758,535 1.42% 10,758,535 1.42%
Richard P. Schifter* -- 104,820 0.01%
Non executive directors not referred to above do not hold any shares.
*On June 24, 2003 Declan F. Ryan resigned from the board of directors. Richard P. Schifter did not stand for re-election at the last
shareholders’ annual general meeting on September 24, 2003.
(Continued)
Notes 51
A N N U A L R E P O RT & F I N A N C I A L S T A T E M E N T S 2 0 0 4