Marks and Spencer 2000 Annual Report Download - page 18

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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 Delayed Profit Sharing
Scheme. Options granted under the Save As You Earn (SAYE) Share Option and Executive Share Option Schemes are shown on pages
30 and 31. Further information regarding employee share option schemes is given in note 10D. 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. No 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 1 APRIL 1999 AT 1 APRIL 1999
AT 31 MARCH OR DATE OF AT 31 MARCH OR DATE OF
2000 APPOINTMENT 2000 APPOINTMENT
Luc Vandevelde(1) 808,080 – Joe Rowe 41,823 29,795
Peter Salsbury 90,474 62,836 Brian Baldock 70,000 50,000
Roger Aldridge 55,566 41,770 Sir Martin Jacomb 22,425 21,845
Robert Colvill 53,228 21,761 Sir Michael Perry 8,357 8,357
Clara Freeman 80,929 59,147 Dame Stella Rimington 3,209 3,086
Guy McCracken 68,875 58,101 Sir Ralph Robins 2,613 2,514
Alan McWalter 12,000 – Sir David Sieff 306,381 308,322
Barry Morris 6,781 3,753
(1) Award of restricted shares (see page 10 – Recruitment of directors).
(ii) Ordinary shares in the Company – trustee interests AT 31 MARCH 2000 AT 1 APRIL 1999
CHARITABLE OTHER CHARITABLE OTHER
TRUSTS’ TRUSTS’ TRUSTS’ TRUSTS’
SHARES SHARES SHARES SHARES
Sir David Sieff 22,000 45,951 22,000 43,789
16 Marks and Spencer p.l.c.
Directors’ interests
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 6 and 7.
Directors’ responsibilities