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MARKS AND SPENCER GROUP PLC 41
10 EMPLOYEES continued
Number of shares Option
Options granted 2005 2004 price Option dates
(1997 Scheme – Tier 1)
June 1998 141,720 172,429 557p Jun 2001 – Jun 2008
November 1998 20,544 179,008 404p Nov 2001 – Nov 2008
June 1999 411,922 449,913 358p Jun 2002 – Jun 2009
November 1999 –59,352 278p Nov 2002 – Nov 2009
March 2000 –1,992,337 261p Mar 2003 – Mar 2010
(1997 Scheme – Tier 2)
June 1998 705,973 884,667 557p Jun 2003 – Jun 2008
November 1998 20,544 20,544 404p Nov 2003 – Nov 2008
June 1999 603,984 648,081 358p Jun 2004 – Jun 2009
November 1999 21,583 59,352 278p Nov 2004 – Nov 2009
March 2000 –1,992,337 261p Mar 2005 – Mar 2010
(2000 Scheme +3%)
September 2000 194,906 1,792,689 215p Sep 2003 – Sep 2010
December 2000 –451,281 195p Dec 2003 – Dec 2010
March 2001 –105,504 218p Mar 2004 – Mar 2011
June 2001 1,129,506 5,403,205 256p Jun 2004 – Jun 2011
July 2001 –168,674 249p Jul 2004 – Jul 2011
December 2001 997,463 1,204,236 350p Dec 2004 – Dec 2011
(2000 Scheme +4%)
September 2000 134,436 1,839,642 215p Sep 2003 – Sep 2010
December 2000 –435,897 195p Dec 2003 – Dec 2010
March 2001 –105,504 218p Mar 2004 – Mar 2011
June 2001 744,388 2,734,313 256p Jun 2004 – Jun 2011
July 2001 –156,626 249p Jul 2004 – Jul 2011
December 2001 796,167 985,798 350p Dec 2004 – Dec 2011
(2002 Scheme +3%)
June 2002 3,078,332 4,170,578 350p Jun 2005 – Jun 2012
November 2002 439,463 567,519 353p Nov 2005 – Nov 2012
January 2003 111,111 242,424 297p Jan 2006 – Jan 2013
March 2003 –282,678 306p Mar 2006 – Mar 2013
March 2003 56,306 111,486 296p Mar 2006 – Mar 2013
June 2003 3,995,346 5,838,559 297p Jun 2006 – Jun 2013
November 2003 370,651 564,256 270p Nov 2006 – Nov 2013
January 2004 53,632 – 289p Jan 2007 – Jan 2014
February 2004 48,148 – 270p Feb 2007 – Feb 2014
July 2004 5,028,335 – 347p Jul 2007 – Jul 2014
November 2004 472,188 – 337p Nov 2007 – Nov 2014
(2002 Scheme +4%)
June 2002 2,525,361 3,515,049 350p Jun 2005 – Jun 2012
November 2002 264,685 330,546 353p Nov 2005 – Nov 2012
January 2003 101,010 222,222 297p Jan 2006 – Jan 2013
March 2003 –272,875 306p Mar 2006 – Mar 2013
March 2003 56,306 101,351 296p Mar 2006 – Mar 2013
June 2003 3,398,786 5,082,684 297p Jun 2006 – Jun 2013
November 2003 229,641 349,173 270p Nov 2006 – Nov 2013
January 2004 43,252 – 289p Jan 2007 – Jan 2014
February 2004 37,037 – 270p Feb 2007 – Feb 2014
July 2004 3,957,495 – 347p Jul 2007 – Jul 2014
November 2004 418,698 – 337p Nov 2007 – Nov 2014
F Executive Share Matching Plan
An Executive Share Matching Plan for senior management was approved by shareholders at the Annual General Meeting in 2002 and was
introduced for the first time in July 2002. The plan currently operates for nine members of senior management. Participants are required to
invest one-third of any annual bonus earned in shares in the Company. The balance of the annual bonus may be invested voluntarily.
The pre-tax value of the invested bonus will be matched by an award of shares, with the extent of the match determined by performance
conditions over a three-year period. Further details of the plan are given in the Remuneration report on page 17. £0.3m (last year £0.5m
charge) has been credited to profits for this year.