Vodafone 2002 Annual Report Download - page 70

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Vodafone Group Plc Annual Report & Accounts and Form 20-F Board’s Report to Shareholders on Directors’ Remuneration68
Board’s Report to Shareholders on Directors’ Remuneration continued
Interests in share options of the Company at 24 May 2002
At 24 May 2002, there had been no change to the directors’ interests in share options from 31 March 2002.
Other than those individuals included in the table above, as at 24 May 2002 members of the Group’s Executive Committee as at 31 March 2002, which include Vittorio
Colao, held options for 18,804,992 ordinary shares at prices ranging from 48.0 pence to 291.5 pence per ordinary share, with a weighted average exercise price of
185.0 pence per ordinary share exercisable at dates ranging from July 1999 to July 2010, and options for 1,188,859 ADSs at prices ranging from $22.235 to
$56.869 per ADS, with a weighted average exercise price of $32.85 per ADS, exercisable at dates ranging from June 1999 to July 2007.
Lord MacLaurin, Paul Hazen, Dr Michael Boskin, Professor Sir Alec Broers, Penny Hughes, Sir David Scholey and Jürgen Schrempp held no options at 24 May 2002.
The number and option price of the outstanding share options at 24 May 2002 have been converted into the equivalent amounts of the Company’s ordinary shares
with the option price being translated at $1.4577 per £1.00, the noon buying rate in the City of New York for cable transfers in pounds sterling as certified for
customs purposes by the Federal Reserve Bank of New York on 24 May 2002.