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54 |Experian Annual Report 2007
Introduction | Business review | Governance |Financial statements
The GUS exercise prices represent the average of the middle market quotations of a GUS share as derived from the Daily Official List of The
London Stock Exchange for the three immediately preceding dealing days to the date on which options were originally granted. Options
granted under the GUS Executive Share Option Schemes which were granted before 2005 were exchanged for equivalent options over
Experian shares. Unvested options granted in 2005 and 2006 (other than options granted under the GUS 1998 Approved Executive Share
Option Scheme) were automatically exchanged for equivalent options over Experian shares. The performance condition for options granted
in 2005 and 2006 is based on the growth of Experian’s Earnings per Share in excess of the UK Retail Price Index from the date of demerger.
The market price of Experian Group Limited shares at the end of the financial year was 585.5p; the highest and lowest prices during the
financial year were 631.5p and 559.5p respectively.
SAYE share option scheme
Details of awards to directors under the GUS plc SAYE share option scheme are as follows:
Chairman
John Peace 4,394 – 4,394 384.0p 1009p – – – 01.05.06–31.10.06 –
Executive directors
Paul Brooks 1,454 – – 648.0p – 2,488 – 378.6p 01.09.07–29.02.08 2,488
Non-executive directors
David Tyler 4,394 – 4,394 384.0p 1035p – – – 01.05.06–31.10.06 –
Former directors
Sir Victor Blank 4,394 – 4,394 384.0p 1035p – – – 01.05.06–31.10.06 –
Oliver Stocken 4,394 – 4,394 384.0p 1035p – – – 01.05.06–31.10.06 –
Notes
1. Paul Brooks also participated in the US s.423 plan whilst he was based in the US. He currently holds 296 shares under the 2005 plan cycle and 463 shares under the 2006 plan cycle in addition to those in the above table.
7. Experian ESOP Trust
As at 31 March 2007, the executive directors were, together with other employees of the Experian Group, discretionary beneficiaries under
the Experian Group Limited Employee Share Trust and, as such, each director is deemed to be interested in 13,419,683 ordinary shares in
Experian Group Limited held by the trustee of the Trust.
Number of
options at
1April 2006
Date from which
exercisable/expiry date
Total
number
of options
at 31
March
2007
Options
granted
pre-
demerger
(over GUS
plc shares)
Options
exercised
prior to
demerger
Original
GUS
exercise
price
GUS
share
price on
date of
exercise
Options
rolled
over into
Experian
shares
Options
exercised
following
demerger
New
Experian
exercise
price
Report on directors’ remuneration cont.