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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 63
Directors’ interests in the shares of the Company
Short Term Incentive
Conditional awards of ordinary shares made to executive directors under the STIP, and dividends on those shares paid under the terms of the Company’s scrip dividend
scheme and dividend reinvestment plan, are shown below. STIP shares which vested and were sold or transferred during the year ended 31 March 2003 are also
shown below.
Shares conditionally Number of
Total Shares conditionally awarded during the shares sold or
interest awarded during the year as enhancement Number of shares transferred during
in STIP year as base award in shares in respect added during the the year in respect
at 1 April respect of 2001/2002 of 2001/2002 year through dividend of 1999/2000 Total interest in STIP
2002 STIP awards STIP awards reinvestment STIP awards(1) as at 31 March 2003
In Number Number
Total Value at Value at In respect of of of
number date of date of Total respect enhance- base enhance- Total
of award(2)(3) award(3) number of of base ment award ment value(4)
shares Number £000 Number £000 shares awards shares shares shares £000
Sir Christopher Gent 860,760 –– ––12,141 53,133 26,566 528,800 264,402 896
Peter Bamford – 700,609 644 350,304 322 7,296 ––705,473 352,736 1,196
Thomas Geitner – 202,971 187 101,486 93 2,113 ––204,380 102,190 346
Julian Horn-Smith 469,731 –– ––6,618 29,665 14,832 287,903 143,949 488
Ken Hydon 467,619 –– ––6,601 28,245 14,123 287,906 143,946 488
Notes:
(1) Shares in respect of 1999/2000 STIP awards were transferred on 1 July 2002 and 13 November 2002.
(2) Previously disclosed within directors’ emoluments for the year ended 31 March 2002.
(3) Value at date of award is based on the purchase price of the Company’s ordinary shares on 19 June 2002 of 91.97p.
(4) The value at 31 March 2003 is calculated using the closing middle market price of the Company’s ordinary shares at 31 March 2003 of 113p.
The aggregate number of shares conditionally awarded during the year as base award and enhancement shares to the Company‘s senior management is 634,837. For a description of the
performance and vesting conditions, see “Short/medium term incentive”on pages 57 and 58.
Long Term Incentives
Conditional awards of ordinary shares made to executive directors under the Vodafone Group Long Term Incentive Plan and Vodafone Group Plc 1999 Long Term Stock
Incentive Plan, and dividends on those shares paid under the terms of the Company’s scrip dividend scheme and dividend reinvestment plan, are shown below. Long
Term Incentive shares that vested and were sold or transferred during the year ended 31 March 2003 are also shown below.
Number of
Number of Number of shares sold or
Total shares added shares forfeited transferred in
interest in during the in respect of respect of
Long Term Incentives Number of shares year through 1999/2000 1999/2000 and Total interest in
at 1 April conditionally awarded dividend and 2000/2001 2000/2001 Long Term Incentives
2002 during the year reinvestment awards awards at 31 March 2003
Value at
date of Number Total
award(3) of value(5)
Plan(1)(2) Number Number £000 Number Number Number(4) shares £000
Sir Christopher Gent 1 936,024 2,192,010 2,126 27,684 128,467 64,233 2,963,018 3,348
2 1,620,793 ––12,564 – 1,633,357 ––
Peter Bamford 1 504,036 1,022,938 992 13,844 66,196 33,098 1,441,524 1,629
Vittorio Colao 1 – 689,237 669 4,785 ––694,022 784
Thomas Geitner 1 224,454 783,118 760 8,747 ––1,016,319 1,148
Julian Horn-Smith 1 577,344 1,336,082 1,296 17,041 71,725 35,863 1,822,879 2,060
2 648,316 ––5,025 – 653,341 ––
Ken Hydon 1 507,164 1,022,938 992 13,869 68,298 34,149 1,441,524 1,629
2 648,317 ––5,025 – 653,342 ––
Notes:
(1) Restricted share awards under the Vodafone Group Long Term Incentive Plan.
(2) Restricted share awards under the Vodafone Group Plc 1999 Long Term Stock Incentive Plan.
(3) The value of awards under the Vodafone Group Plc 1999 Long Term Incentive Plan is based on the purchase price of the Company’s ordinary shares on 1 August 2002 of 97p.
(4) Shares in respect of 1999/2000 and 2000/2001 awards were sold or transferred on 1 July 2002 and 13 November 2002.
(5) The value at 31 March 2003 is calculated using the closing middle market price of the Company’s ordinary shares at 31 March 2003 of 113p.
The aggregate number of shares conditionally awarded during the year to the Company‘s senior management is 2,199,083 shares. For a description of the
performance and vesting conditions see “Medium/long term incentives”on pages 58 and 59.