Barclays 2004 Annual Report Download - page 188

Notes to the accounts
For the year ended 31st December 2004
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46 Directors’ and officers’ emoluments and interests
Directors’ and officers’ emoluments and other benefits
The aggregate emoluments and other benefits of the Directors of Barclays PLC set out below are disclosed in accordance with Part I of Schedule 6
to the Companies Act 1985.
2004 2003
£000 £000
Aggregate emoluments 16,229 7,617
Gains made on the exercise of share options 928 24
Actual pension contributions to money purchase scheme (2004: one Director and 2003: none) 115 –
Notional pension contributions to money purchase schemes (2004: one Director and 2003: one Director) 990 990
As at 31st December 2004, four Directors were accruing retirement benefits under a defined benefit scheme (2003: two Directors).
For US disclosure purposes, the aggregate emoluments of all Directors and officers of Barclays PLC who held office during the year
(2004: 30 persons, 2003: 27 persons) for the year ended 31st December 2004 amounted to £48,125,000 (2003: £51,215,000). In addition, the
aggregate amount set aside for the year ended 31st December 2004, to provide pension benefits for the Directors and officers amounted to
£1,939,000 (2003: £1,741,000). The aggregate emoluments of all Directors and officers of Barclays Bank PLC who held office during the year
(2004: 31 persons, 2003: 28 persons) for the year ended 31st December 2004 amounted to £48,263,000 (2003: £51,328,000). In addition, the
aggregate amount set aside by the Bank and its subsidiary undertakings, for the year ended 31st December 2004, to provide pension benefits for
the Directors and officers amounted to £1,939,000 (2003: £1,741,000).
Directors’ and officers’ shareholding and options
The beneficial ownership of the ordinary share capital of Barclays PLC by all Directors and officers of Barclays PLC (involving 21 persons) and
Barclays Bank PLC (involving 22 persons) at 31st December 2004 amounted to 1,681,679 ordinary shares of 25p each (0.03% of ordinary share
capital outstanding).
Executive Directors and officers of Barclays PLC as a group (involving 12 persons) held, at 31st December 2004, options to purchase 17,096,750
Barclays PLC ordinary shares of 25p each at prices ranging from 308p to 411p under the SAYE Share Option Scheme, and ranging from 397p to
445p under the Executive Share Option Scheme and ranging from 326p to 534p under the Incentive Share Option Plan, respectively.
Contracts with Directors and connected persons and with managers
The aggregate amounts outstanding at 31st December 2004 under transactions, arrangements and agreements made by authorised institutions
within the Group for persons who are, or were during the year, Directors of Barclays PLC and persons connected with them and for managers,
within the meaning of the Financial Services and Markets Act 2000, of Barclays Bank PLC were:
Number of Number of
Directors or connected Amount
managers persons £000
Directors
Loans 3–2,031
Quasi-loans and credit card accounts 4125
Managers
Loans 5n/a 193
Quasi-loans and credit card accounts 11 n/a 43
Each of the transactions, arrangements and agreements disclosed above were made in accordance with the requirements of the Companies Act
1985 and the US Sarbanes-Oxley Act of 2002.
There are no transactions, arrangements or agreements with Barclays PLC or its subsidiary undertakings in which Directors, or persons connected
with them, or managers of Barclays Bank PLC had a material interest and which are disclosable under the relevant provisions of the Companies
Act 1985, other than options to subscribe for Barclays PLC ordinary shares as described above.