| Awards under the Deferred Bonus Plan |
Date of
award |
Market price
of a share
at the date
of award
(pence) |
Awards at
1 January
2004
(shares) |
Awards
exercised
or lapsed
during
the year
(shares) |
Awards
made
during
the year
(shares) |
At
31 December
2004
(shares) |
| Gareth Rhys Williams |
Jun 2003 |
345 |
7,705 |
- |
- |
7,705
Basic |
| |
Jun 2003 |
345 |
13,755 |
- |
- |
13,755
Matching |
| |
|
|
|
|
|
|
| Alastair Hewgill |
Jun 2003 |
345 |
1,651 |
- |
- |
1,651
Basic |
| |
Jun 2003 |
345 |
2,947 |
- |
- |
2,947
Matching |
Pensions related remuneration
| |
Gareth Rhys Williams |
Alastair Hewgill |
2004
£ |
7,863 |
8,783 |
Accrued
pension at 31 December
2003
£ |
5,156 |
5,225 |
2004
£ |
2,563 |
3,412 |
Increase in accrued pension (in excess of
price inflation)
during
2003
£ |
2,478 |
3,303 |
2004
£ |
7,088 |
12,163 |
Member
contributions
towards
pension
2003
£ |
6,899 |
10,763 |
2004
£ |
13,655 |
28,508 |
Transfer value
of the increase
in accrued
pension net of
member
contributions
2003
£ |
9,058 |
20,458 |
2004
£ |
61,248 |
102,215 |
Transfer
value of
accrued
pension at
31 December
2003
£ |
33,874 |
50,321 |
Increase in
transfer value
over year to 31
December net
of member
contributions
2004
£ |
20,466 |
39,731 |
Beyond the earnings cap, the cost of pensions comprised
defined contribution payments to a funded unapproved
retirement benefit scheme (FURBS) in respect of Gareth Rhys
Williams of £39,972 (2003: £38,748).
Approved by the Board of Directors on 7 March 2005 and
signed on its behalf by:
Roland Peate
Secretary
Information correct at 13/04/05