Unilever 2004 Annual Report Download - page 88

Unilever Annual Report and Accounts 2004 85
Remuneration report
Details – Executive Directors (continued)
Executive Directors’ interests – share capital
The interests in the share capitals of NV and PLC and their group companies of those who were Executive Directors at 31 December
2004 and of their immediate families were as shown in the table below:
Shares held at Shares held at
1 January 2004 31 December 2004(2)
(excluding unvested (excluding unvested
Share type(1) matching shares) matching shares)
A Burgmans NV 33 275 37 941
NV(3) 7 750 7 750
PLC 54 885 89 465
P J Cescau NV 4 305 20 964
PLC 29 579 51 123
A C Butler NV 4 872 8 417
PLC 53 628 90 726
K B Dadiseth NV 3 451 6 713
PLC 32 712 61 285
Hindustan Lever Limited 107 490 107 490
C J van der Graaf NV 3 226(4) 5 426
PLC 20 962(4) 21 066
A R van Heemstra NV 3 133 7 323
PLC 21 680 51 962
R H P Markham NV 34 924 40 210
PLC 67 224 128 180
(1) Except where otherwise stated, NV shares are ordinary €0.51 shares and PLC shares are ordinary 1.4p shares.
(2) The balance of shares held at 31 December 2004 may include PLC shares acquired under the UK Share Incentive Plan (ShareBuy).
(3) Held as preference shares of €0.05.
(4) Opening balance for Mr C J van der Graaf is at the date of appointment as Executive Director on 12 May 2004.
The Executive Directors, in common with other employees of PLC and its United Kingdom subsidiaries, had beneficial interests in
47 080 138 PLC ordinary shares at 1 January 2004 and 48 888 961 PLC ordinary shares at 31 December 2004, acquired by the
Unilever Employee Share Trust (Jersey) for the purpose of satisfying options and vesting of shares under various group share plans
(including the PLC Executive Option Plans and the UK Employee ShareSave Plan). Further information, including details of the NV and
PLC ordinary shares acquired by certain group companies in connection with other share option plans, is given in note 30 on pages
138 to 147.
The voting rights of the Directors who hold interests in the share capitals of NV and PLC are the same as for other holders of the class
of shares indicated. None of the Directors’ or other executive officers’ shareholdings amounts to more than 1% of the issued shares in
that class of share. Except as stated above, all shareholdings are beneficial.
The only changes in the interests of the Executive Directors and their families in NV and PLC ordinary shares between 31 December
2004 and 25 February 2005 were that:
(i) The holding of the Unilever Employee Share Trust (Jersey) has reduced to 48 743 051 PLC ordinary shares.
(ii) Messrs Dadiseth, Van der Graaf and Markham each acquired further interests in 24 PLC ordinary shares in both January and
February due to monthly ShareBuy purchases.
(iii) On 16 February 2005, as a result of conversion of part of the notional value of the €0.05 cumulative preference shares held by
Mr Burgmans, he acquired further interests in 692 NV ordinary shares.
Executive Directors’ service contracts
Effective date Expiry/ Notice
Date of of current retirement Notice period period for
appointment contract date(1) for company Executive Director
A Burgmans 8 May 1991 5 May 1993 31 May 2009 12 months 6 months
P J Cescau 4 May 1999 4 May 1999 31 May 2010 12 months 6 months
A C Butler 6 May 1992 5 May 1993 31 May 2008 12 months 6 months
K B Dadiseth 3 May 2000 3 May 2000 31 May 2007 12 months 6 months
C J van der Graaf 12 May 2004 12 May 2004 31 May 2011/15(2) 12 months 6 months
A R van Heemstra 3 May 2000 3 May 2000 31 May 2008 12 months 6 months
R H P Markham 6 May 1998 6 May 1998 31 May 2008 12 months 6 months
(1) Assumes that the Annual General Meeting is held in May, as is the current practice.
(2) Year set either by company or by Director within this period.