Carphone Warehouse 2012 Annual Report Download - page 50

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Carphone Warehouse Group plc Annual Report 201246
LONG‑TERM BENEFITS
Details of directors’ interests in market‑priced and nil‑priced share options are as follows:
At At Exercise Market price
1 April 31 March price per at exercise Exercisable Expiry
2011 Exercised 2012 share date from date
Nigel Langstaff 70,000 (70,000) —0.76 3.14 6 June 2006 6 June 2013
87,501 (87,501) —nil 3.14 28 July 2008 28 July 2014
Roger Taylor 222,222 (222,222) —0.76 3.10 6 June 2006 6 June 2013
231,928 (231,928) —0.70 3.10 11 June 2005 11 June 2012
120,000 (120,000) —1.04 3.10 21 May 2004 21 May 2012
337,500 (337,500) —nil 3.10 28 July 2007 28 July 2014
337,500 (337,500) —nil 3.10 28 July 2008 28 July 2014
The market price per share was £1.52 as at 31 March 2012 and during the year ranged between £1.52 and £4.40. The low market price
during the year followed the return to shareholders of £1.72 per share through the B/C Share Scheme. Of the 1,249,150 options exercised
by Roger Taylor, 477,351 were used to cover part of the exercise price and taxes arising on exercise. The remaining 771,799 options were
retained asshares in the Company. All of the options exercised by Nigel Langstaff were retained as shares in the Company.
BEST BUy EUROPE VES SHARES
The number of CPW Retail Holdings Limited A shares held by executive
directors as a part of the Best Buy Europe VES are as follows:
2012 2011
Nigel Langstaff —376
Roger Taylor —1,070
As noted on pages 42 to 43 in Part 1 of this Report, these shares were
exchanged for shares in the Company in January 2012, tofacilitate
the Best Buy Mobile Disposal and B/C Share Scheme.
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 Remuneration 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 Remuneration Report will be
proposed atthe annual general meeting to be held on 27July 2012.
This report was approved by the Board on 13 June 2012.
John Gildersleeve
Chairman, Remuneration Committee
REMUNERATION REPORT CONTINUED