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42 Carphone Warehouse Group plc Annual Report 2011
GOVERNANCE
REMUNERATION REPORT CONTINUED
Long-term benefits
Details of directors’ interests in share options are as follows:
At
1 April
2010 Exercised Lapsed
At
31 March
2011
Exercise
price per
share £
Exercisable
from
Expiry
date
N Langstaff 70,000 – – 70,000 0.76 6 Jun 06 6 Jun 13
87,501 – – 87,501 nil 28 Jul 08 28 Jul 14
99,265 – (99,265) – nil 4 Jun 10 4 Dec 16
99,265 – (99,265) – nil 4 Jun 11 4 Dec 16
R Taylor 222,222 – – 222,222 0.76 6 Jun 06 6 Jun 13
231,928 – – 231,928 0.70 11 Jun 05 11 Jun 12
100,000 (100,000) – – 1.26 19 May 02 23 Jul 10
100,000 (100,000) – – 1.68 19 May 02 23 Jul 10
120,000 – – 120,000 1.04 21 May 04 21 May 12
337,500 – – 337,500 nil 28 Jul 07 28 Jul 14
337,500 – – 337,500 nil 28 Jul 08 28 Jul 14
241,269 – (241,269) – nil 4 Jun 10 4 Dec 16
241,269 – (241,269) – nil 4 Jun 11 4 Dec 16
The market price per share when share options were exercised by Roger Taylor was 192.0p. The market price was 364.0p as at 31 March 2011 and during the year ranged between 155.0p and 434.5p.
Best Buy Europe VES shares
The number of A ordinary shares of CPW Retail Holdings Ltd held by executive directors as a part of the Best Buy Europe VES are as
follows:
2011 2010
N Langstaff 376 376
R Taylor 1,070 1,070
Compliance
This Remuneration Report has been prepared in accordance with the Regulations, the relevant Listing Rules of the Financial
Services Authority and the Code. The constitution and operation of the Remuneration Committee are in compliance with the Code.
In framing its remuneration policy the Committee has given full consideration to the matters set out in Schedule A of the Code.
As required by the Regulations, a resolution to approve this Report will be proposed at the annual general meeting to be held on
27 July 2011.
This Report was approved by the Board on 13 June 2011.
John Gildersleeve
Chairman, Remuneration Committee