Marks and Spencer 1999 Annual Report Download - page 18

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16
DIRECTORS’ INTERESTS IN SHARES
The beneficial interests of the directors and their families in the shares of the Company, together with their interests as trustees of both charitable
and other trusts, are shown below in sections (i) and (ii).These include shares held under the D elayed Profit Sharing Scheme. O ptions granted
under the Save As You Earn (SAYE) Share O ption and Senior Staff Share O ption Schemes are shown on pages • to • . Further information
regarding employee share option schemes is given in note 9D.There has been no change in the directors’ interests in shares or options granted
by the Company and its subsidiaries between the end of the financial year and one month prior to the notice of the Annual General Meeting.
The Register of Directors’ Interests (which is open to shareholders’ inspection) contains full details of directors’ shareholdings and options to
subscribe for shares. N o director had any interest in any subsidiary at the beginning or end of the year.
(i) Ordinary shares in the Company – beneficial and family interests
At 31 March At 1 April At 31 March At 1 April
2000 1999 2000 1999
Sir Richard Greenbury 71,800 B F Baldock 50,000
P L Salsbur y 62,836 Sir Martin Jacomb 21,845
PG McCracken 58,101 Sir Michael Perry 8,357
Lord Stone of Blackheath 35,760 Dame Stella Rimington 3,086
R Aldridge 41,770 Sir Ralph Robins 2,514
JR Benfield 29,905 The Hon D avid Sieff 308,322
R W C Colvill 21,761 D KH ayes 18,419
Mrs C EM Freeman 59,147 C Littmoden 9,387
B S Morris 3,753 S J Sacher 297,143
J T Rowe 29,795 P P D Smith 2,000
(ii) Ordinary shares in the Company – trustee interests
At 31 March 2000 At 1 April 1999
Charitable Other Charitable O ther
Trusts’ Trusts’ Trusts’ Trusts’
Shares Shares Shares Shares
SJ Sacher 20,000 101,095
The Hon D avid Sieff 22,000 43,789
D IRECTO RS’ IN TERESTS
D IRECTO RS’ RESPO N SIBILITIES
Directors’ responsibilities for preparing the
financial statements
The directors are obliged under company law to prepare financial
statements for each financial year and to present them annually to
the Company’s members in Annual General Meeting.
The financial statements, of which the form and content is
prescribed by the Companies Act 1985 and applicable accounting
standards, must give a true and fair view of the state of affairs of
the Company and the Group at the end of the financial year, and
of the profit for that period.
The directors are also responsible for the adoption of suitable
accounting policies and their consistent use in the financial
statements, supported where necessary by reasonable and
prudent judgements.
The directors confirm that the above requirements have been
complied with in the financial statements.
In addition, the directors are responsible for maintaining
adequate accounting records and sufficient internal controls to
safeguard the assets of the Group and to prevent and detect fraud
or any other irregularities, as described more fully on pages • and • .
ANNUAL REPORT AND FIN ANCIAL STATEMENTS 1999