Vodafone 1999 Annual Report Download - page 43

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Remuneration Report of the Board
P R Bamford 3,100 26,000 5,300
J M Horn-Smith 18,200 214,000 134,500
K J Hydon 30,700 432,000 168,900
D Channing Williams(2) 19,300 236,000 141,600
Contributions paid to a funded unapproved retirement benefit scheme for the benefit of P R Bamford amounted to £56,850
in the year.
Notes
1. The pension benefits earned by the directors are those which would be paid annually on retirement, on service to the end of the year, at the normal retirement age.
Salaries have been averaged over 3 years in accordance with Inland Revenue regulations. The increase in accrued pension during the year excludes any increase for
inflation. The transfer value has been calculated on the basis of actuarial advice in accordance with the Faculty and Institute of Actuaries’ Guidance Note GN11. No director
elected to pay Additional Voluntary Contributions.
2. Pension benefits for D Channing Williams are for the period to 31 March 1999 when he retired from the Board.
Directors’ interests in the shares of Vodafone Group Plc
Share options
The following information summarises the directors’ options under the Vodafone Group Savings Related Share Option
Scheme (‘savings related scheme’), the Vodafone Group Executive Share Option Scheme (‘executive scheme’), both
Inland Revenue approved schemes, and the Vodafone Group Share Option Scheme (‘unapproved scheme’), which is not
Inland Revenue approved. The non-executive directors, Lord MacLaurin, Professor Sir Alec Broers, John Gildersleeve,
Penny Hughes and Sir David Scholey, have no options under any of these schemes. Only under the savings related
scheme may shares be offered at a discount in future grants of options.
Options
held at 1
April 1998
Options
granted
during the
year
Options
exercised
during the
year
Options held
at 3 1 March
199 9
Weighted
average
exercise
price at
31 March
1999 (£)
Date
from which
exercisable Latest
expiry date
CC Gent 912,586 133,100 603,000 442,686 4.25 7/99 7/05
PR Bamford 185,300 85,134 – 270,434 4.46 7/00 7/07
JM Horn-Smith 470,019 42,400 117,300 395,119 3.30 7/98 7/05
KJ Hydon 537,104 45,000 208,800 373,304 3.34 7/98 7/05
__________ __________ __________ __________
2,105,009 305,634 929,100 1,4 81,543
__________ __________ __________ __________
These options by exercise price were:
Options Options Options
Option Options granted exercised held at
price held at during during 31 March
(pence) 1 April 1998 the year the year 199 9
Executive schem e and
unapproved schem e
124.7 25,200 – 25,200 –
141.7 1,500 – 1,500 –
146.3 75,600 – 75,600 –
166.3 384,300 – 384,300 –
176.3 291,900 – 291,900 –
198.5 127,000 – 120,000 7,0 0 0
233.5 77,400 – 30,600 46,8 0 0
241.5 256,100 – – 256,100
293.5 838,600 – – 838,600
779.5 – 304,100 – 304,100
http://www.vodafone.com/download/investor/reports/annual99/remuneration_report_of_the_board.htm (4 of 7)30/03/2007 00:09:24