Remuneration Report
(ii) Sharesave Scheme
Beneficial interests of the directors under the Company's Sharesave Scheme in ordinary shares of the Company.
| Sir John Ritblat | John WestonSmith | Nicholas Ritblat | Robert Bowden | Graham Roberts | |||||||||||||
| Date granted |
Exercise price p |
Earliest exercise date |
Expiry date |
1 April 2005 |
31 March 2006 |
1 April 2005 |
31 March 2006 |
1 April 2005 |
31 August 2005* |
1 April 2005 |
31 March 2006 |
1 April 2005 |
31 March 2006 |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 01.03.04 | 472 | 01.03.07 | 31.08.07 | 1,954 | 1,954 | ||||||||||||
| 01.03.04 | 472 | 01.03.09 | 31.08.09 | 3,358 | 3,358 | ||||||||||||
| 22.12.04 | 648 | 01.03.08 | 31.08.08 | 1,462 | 1,462 | ||||||||||||
| 22.12.04 | 648 | 01.03.10 | 31.08.10 | 2,550 | 2,550 | 2,550 | |||||||||||
| 1,954 | 1,954 | 3,358 | 3,358 | 2,550 | 1,462 | 1,462 | 2,550 | 2,550 | |||||||||
* Date of cessation of office.
The directors’ participation in the Company’s Sharesave scheme, which is not subject to performance criteria, is considered appropriate because the scheme is open to all employees with over 18 months of service. No options were granted to or were exercised by directors under the Sharesave Scheme during the year. 2,550 options granted to Nicholas Ritblat on 22 December 2004 lapsed on his cessation of office.