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31 Annual Report and Financial Statements 2000
10. EMPLOYEES (continued)
E Executive Share O ption Schemes
Under the terms of the 1997 Scheme the Board may offer options to purchase ordinary shares in the Company to executive directors
and senior employees at the market price on a date to be determined prior to the date of the offer. No further options may be granted
under the 1984 and 1987 Schemes. Outstanding options under each of the 1984 and 1987 Schemes continue to be bound by the
Maximum Option Value which is limited to four times remuneration on exercise (further details are set out in the Remuneration Report
on page 8). Outstanding options granted under all executive share option schemes are as follows:
NUMBER OF SHARES
2000 1999 OPTION PRICE OPTION DATES
Options granted
(1984 Scheme)
May 1990 133,346 211,154 206p May 1993 – May 2000
May 1991 748,546 780,681 254p May 1994 – May 2001
May 1992 1,652,102 1,652,102 329p May 1995 – May 2002
May 1993 1,233,053 1,258,712 341p May 1996 – May 2003
October 1993 19,576 26,989 399p Oct 1996 – Oct 2003
May 1994 1,878,391 1,916,384 404p May 1997 – May 2004
October 1994 21,541 21,541 402p Oct 1997 – Oct 2004
May 1995 1,566,969 1,606,315 414p May 1998 – May 2005
May 1996 58,950 58,950 458p May 1999 – May 2006
November 1996 6,172 6,172 486p Nov 1999 – Nov 2006
June 1997 39,844 51,228 527p June 2000 – June 2007
(1987 Scheme)
May 1993 961,837 972,669 341p May 1996 – May 2000
October 1993 30,701 46,114 399p Oct 1996 – Oct 2000
May 1994 1,138,068 1,171,729 404p May 1997 – May 2001
October 1994 9,288 9,288 402p Oct 1997 – Oct 2001
May 1995 1,425,660 1,465,006 414p May 1998 – May 2002
May 1996 1,654,620 1,714,111 458p May 1999 – May 2003
November 1996 39,507 39,507 486p Nov 1999 – Nov 2003
June 1997 2,032,282 2,116,225 527p June 2000 – June 2004
(1997 Scheme – Tier 1)
June 1998 385,355 414,282 557p June 2001 – June 2008
November 1998 265,785 265,785 404p Nov 2001 – Nov 2008
June 1999 985,394 – 358p June 2002 – June 2009
November 1999 95,323 – 278p Nov 2002 – Nov 2009
January 2000 360,655 – 305p Jan 2003 – Jan 2010
March 2000 1,992,337 – 261p Mar 2003 – Mar 2010
(1997 Scheme – Tier 2)
June 1998 4,979,790 5,637,154 557p June 2003 – June 2008
November 1998 117,825 117,825 404p Nov 2003 – Nov 2008
June 1999 2,491,935 – 358p June 2004 – June 2009
November 1999 59,352 – 278p Nov 2004 – Nov 2009
January 2000 360,655 – 305p Jan 2005 – Jan 2010
March 2000 1,992,337 – 261p Mar 2005 – Mar 2010
11. DIRECTORS
A Emoluments
Emoluments of directors of the Company are summarised below. Further details are given in the Remuneration Report on pages 8
to 15.
2000 1999
£000 £000
Aggregate emoluments 6,534 6,375
Aggregate gains on exercise of share options –116
Termination payments –587
B Transactions with directors
During the year there was no contract of significance to which the Company, or one of its subsidiaries, was a party and in which a
director of the Company was materially interested.