Marks and Spencer 2008 Annual Report Download - page 54

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What are the directors’ interests in the Company?
The beneficial interests of the directors and connected persons in the shares of the Company are shown below. Options granted
under the SAYE scheme and the Executive Share Options Scheme and shares awarded under the Deferred Share Bonus Plan
and Performance Share Plan are shown in Part 2 of this report. Further information regarding employee share option schemes is
given in note 12 to the financial statements starting on page 75 of the Annual report.
There have been no other changes in the directors’ interests in shares or options granted by the Company and its subsidiaries
between the end of the financial year and 6 May 2008, one month prior to the Notice of the Annual General Meeting, other than
that noted below in respect of Lord Burns. No director had an interest in any of the Company’s subsidiaries at the beginning or end
of the year.
Name Ordinary shares as at 29 March 2008 Ordinary shares as at 1 April 2007 or at date of appointment
Kate Bostock 71,086 71,086
Lord Burns146,951 12,275
Jeremy Darroch 2,000 2,000
Ian Dyson 100,000 60,000
Steven Esom 24,360 24,360
Martha Lane Fox 15,000 –
Steven Holliday 2,500 2,500
Sir David Michels 28,750 4,000
Louise Patten 8,000 8,000
Sir Stuart Rose 750,416 500,416
Steven Sharp 83,643 28,473
1 Lord Burns bought 3,856 shares on 1 April 2008 under the terms of his appointment, being the purchase of shares on a quarterly basis, using approximately 25% of his net
fee from the Company, increasing his shareholding to 50,807 ordinary shares.
What are the executive directors’ external appointments?
The Company recognises that executive directors may be invited to become non-executive directors of other companies and
that such appointments can broaden their knowledge and experience, to the benefit of M&S. The individual director retains the
fee. Below are the details of the executive directors’ external appointments:
Fee Company
Steven Esom £49,500 Carphone Warehouse Group plc
Sir Stuart Rose £55,000 Land Securities Group plc
Steven Sharp £21,771 Adnams plc
Performance graph
This graph illustrates the performance of the Company against the FTSE 100 over the past five years. The FTSE 100 has been
chosen as it is a recognised broad equity market index of which the Company has been a member throughout the period.
Performance, as required by legislation, is measured by Total Shareholder Return which is share price growth plus any dividends paid.
Marks and Spencer Group FTSE 100 Index
Value (£)
Source: Thomson Financial
29 Mar 03 3 Apr 04 2 Apr 05 1 Apr 06 31 Mar 07 29 Mar 08
The above graph looks at the value, at 29 March 2008, of £100 invested in Marks and Spencer Group on 29 March 2003 compared with the value of £100 invested in the FTSE 100 Index over the
same period. The other points plotted are the values at the intervening financial period-ends.
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52 MARKS AND SPENCER GROUP PLC
Remuneration report
continued