Carphone Warehouse 2006 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2006 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

Share options*
Details of Directors’ interests in options to buy shares in the Company are as follows:
At 2 April 2005 Exercised At 1 April 2006
or date during or date Exercise price
of appointment the period of resignation per share £ Exercisable from Expiry date
J H Dale 200,000 200,000 1.50 19/05/2002 19/05/2010
200,000 200,000 2.00 19/05/2002 19/05/2010
300,000 (300,000) (v) – 0.83 11/06/2005 11/06/2012
222,222 222,222 0.90 (i) 06/06/2006 06/06/2013
922,222 (300,000) 622,222
G Roux de Bezieux 3,500,000 3,500,000 1.50 19/05/2002 19/05/2010
120,000 120,000 1.25 21/05/2004 21/05/2011
475,000 475,000 0.83 11/06/2005 11/06/2012
422,222 422,222 0.90 (i) 06/06/2006 06/06/2013
4,517,222 – 4,517,222
R W Taylor 250,000 250,000 0.80 14/07/2000 01/02/2010
500,000 500,000 1.00 14/07/2000 01/02/2010
200,000 200,000 1.50 19/05/2002 19/05/2010
200,000 200,000 2.00 19/05/2002 19/05/2010
240,000 240,000 1.25 21/05/2004 21/05/2011
500,000 500,000 0.83 11/06/2005 11/06/2012
444,444 444,444 0.90 (i) 06/06/2006 06/06/2013
2,334,444 – 2,334,444
H R Snook 1,000,000 1,000,000 0.80 23/03/2005 23/03/2012
1,000,000 – 1,000,000
Notes
(i) Options granted in June 2003 (exercisable from June 2006) are subject to performance conditions. 100% are exercisable if the Group achieves
upper quartile TSR performance over the three-year performance period, 50% for median to upper quartile performance. No options are exercisable
for below median performance. Upper quartile performance has been achieved.
(ii) The TSR calculation is independently calculated for the Remuneration Committee by NBSC.
(iii) Executive Directors may only exercise share options (and Performance Shares – see below) provided they remain in employment and hold
a minimum of 100% of salary in shares up until the date of exercise.
(iv) The market price per share was 309.0p as at 1 April 2006. The market price during the year varied between 132.2p and 327.0p.
(v) Exercised on 29 June 2005 when the market price was 1.81p.
Remuneration Report continued www.cpwplc.com 29
Governance