Ryanair 2005 Annual Report Download - page 61

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23 STATUTORY AND OTHER INFORMATION (Continued)
DIRECTORS EMOLUMENTS (continued)
(c) Pension benefits
2005 2004
Michael O’Leary
Increase in accrued benefit 6,128 12,374
Transfer value equivalent of increase in accrued benefit 33,735 61,529
Total accumulated accrued benefit 93,139 85,067
There have been no changes in pension benefits provided to directors during the year. No pension benefits are provided for non-
executive directors. The director is a member of a defined benefit plan. The cost of the death-in-service and disability benefits
provided during the accounting year is not included in the above figures. The pension benefits set out above have been computed
in accordance with Section 12.43 (x) of the Listing Rules of the Stock Exchange. The increases in transfer values of the accrued
benefits have been calculated as at the year-end in accordance with Actuarial Guidance Note GN11.
(d) Shares and share options
(i) Shares
Ryanair Holdings plc is listed on the Irish, London and Nasdaq Stock Exchanges.
At March 31, 2005, the beneficial interests of the directors and of their spouses and minor children in the share capital of the
company are as follows:
March 31, 2005 March 31, 2004
Number of shares % Number of shares %
David Bonderman 7,008,680 0.92% 7,008,680 0.92%
Raymond Mac Sharry 7,280 0.00% 7,280 0.00%
Michael O’Leary 41,000,008 5.38% 41,000,008 5.41%
James R. Osborne 705,128 0.09% 705,128 0.09%
T. Anthony Ryan 5,758,535 0.76% 10,758,535 1.42%
Kyran McLaughlin 25,000 0.00% - -
Michael Horgan 4,000 0.00% --
-
Non executive directors not referred to above do not hold any shares.
(Continued)
Notes 51
ANNUAL REPORT & FINANCIAL STATEMENTS 2005