Vodafone 2004 Annual Report Download - page 65

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Annual Report 2004 Vodafone Group Plc
63
Details of the options exercised by directors of the Company in the year to 31 March 2004, are as follows: Market price
Options exercised at date Gross
during the year Option price of exercise pre-tax gain
(Number) (Pence) (Pence) (£’000)
Sir Christopher Gent 178,000 58.7 118.75 106.9
Julian Horn-Smith 1,254,500 58.7 135.75 966.6
Ken Hydon 522,000 58.7 131.75 381.3
522,000 58.7 144.75 449.2
2,476,500 1,904.0
Note:
The aggregate gross pre-tax gain made on the exercise of share options in the year by the above Company’s directors was £1,903,983 (2003: £226,873). The closing middle market price of the Company’s shares at the year end
was 128.75p, its highest closing price in the year having been 149.5p and its lowest closing price having been 112.5p.
Beneficial interests
The directors’ beneficial interests in the ordinary shares of the Company, which includes interests in the Vodafone Group Profit Sharing Scheme and the Vodafone Share Incentive
Plan, but which excludes interests in the Vodafone Group Share Option Schemes, the Vodafone Group Short Term Incentive or in the Vodafone Group Long Term Incentives, are
shown below:
1 April 2003 or date of
24 May 2004 31 March 2004 appointment
Lord MacLaurin 92,495 92,495 94,495
Arun Sarin(1) 4,832,560 4,832,560 4,832,560
Peter Bamford 290,894 290,518 258,336
Vittorio Colao(2) 643,848 643,848 643,848
Thomas Geitner 12,350 12,350 12,350
Julian Horn-Smith 1,735,210 1,734,834 1,448,427
Ken Hydon 2,325,576 2,325,200 1,835,818
Paul Hazen 360,900 360,900 360,900
Dr Michael Boskin 212,500 212,500 212,500
Professor Sir Alec Broers 19,379 19,379 19,099
Dr John Buchanan(3) 102,000 102,000 –
Penny Hughes 22,500 22,500 22,500
Sir David Scholey 50,000 50,000 50,000
Professor Jürgen Schrempp –––
Luc Vandevelde(4) 20,000 20,000 –
Notes:
(1) Arun Sarin also has a non-beneficial interest as the trustee of two family trusts, each holding 5,720 shares.
(2) These shares were held in escrow and were released on 30 June 2003.
(3) John Buchanan was appointed to the Board on 1 April 2003.
(4) Luc Vandevelde was appointed to the Board on 1 September 2003.
Changes to the interests of the directors of the Company in the ordinary shares of the Company during the period 1 April 2004 to 24 May 2004 relate to shares acquired either
through Vodafone Group Personal Equity Plans or the Vodafone Share Incentive Plan. As at 31 March 2004, and during the period 1 April 2004 to 24 May 2004, no director had
any interest in the shares of any subsidiary company.
Other than those individuals included in the table above who were Board members as at 31 March 2004, members of the Group’s Executive Committee, including Tomas Isaksson
who was an Executive Committee member until 1 April 2004, as at 31 March 2004, had an aggregate beneficial interest in 1,717,284 ordinary shares of the Company. As at
24 May 2004, Executive Committee members at that date had an aggregate beneficial interest in 1,717,994 ordinary shares of the Company, none of whom had an individual
beneficial interest amounting to greater than 1% of the Company’s ordinary shares.
Interests in share options of the Company at 24 May 2004
At 24 May 2004, there had been no change to the directors’ interests in share options from 31 March 2004.
Other than those individuals included in the table above, as at 24 May 2004 members of the Group’s Executive Committee at that date held options for 35,509,322 ordinary
shares at prices ranging from 48.3 pence to 291.5 pence per ordinary share, with a weighted average exercise price of 152.74 pence per ordinary share exercisable at dates
ranging from July 1999 to July 2013, and options for 1,008,381 ADSs at prices ranging from $13.65 to $58.6875 per ADS, with a weighted average exercise price of $25.33
per ADS, exercisable at dates ranging from March 2001 to July 2013.
Lord MacLaurin, Paul Hazen, Dr Michael Boskin, Professor Sir Alec Broers, Dr John Buchanan, Penny Hughes, Sir David Scholey, Professor Jürgen Schrempp and Luc Vandevelde
held no options at 24 May 2004.
/s/
PENNY HUGHES On behalf of the Board