Annual Report and Accounts 2006 - Optos

Directors’ Remuneration Report
continued
DIRECTORS’ INTERESTS
The beneficial and non-beneficial interests of the Directors in the ordinary shares of £0.02 each in the capital of the Company (“Ordinary Shares”) are set out below:
At 30 Sep 2006 At 1 Oct 2005
or at date of appointment
Number of
Number of
Ordinary Share Ordinary Share
Shares Options Shares (7) Options (8)
Dr John Padfield 175,000 – 175,000 –
Allan Watson – 401,000 – 301,000
Douglas Anderson (1) 2,095,939 126,000 2,452,089 202,000
Ian Stevens (2) 21,500 595,000 19,500 551,000
Anne Glover (3) 13,381,929 – 8,743,448 –
Patrick Paul (4) 5,037,410 – 4,489,867 168,000
Barry Rose 15,000 – 5,000 –
Dr David Guyer – – – –
(1) of these ordinary shares: 157,750 are held in the name of Mr Anderson and 1,938,189 (being an amount proportional to Mr Anderson’s holding of 55.25% of the share
capital of such company) are held in the name of Crombie Anderson Associates Limited.
(2) of these ordinary shares: 18,200 are held in the name of Mr Stevens; and 3,300 are held in the name of Alison Stevens, Mr Stevens’ wife, in her own name.
(3) of these ordinary shares: 127,176 are held in the name of Ms Glover; and 13,254,753 are held in the names of seven Amadeus funds (as further detailed in (5) below)
of which Ms Glover is a director and/or limited partner.
(4) of these ordinary shares: 4,657,867 are held in the name of Mr Paul and 379,543 are held in the name of Chester Investments Limited (a company in which Mr Paul
holds 100% of the share capital).
(5) The interests of Amadeus are held amongst the following funds:
Amadeus I: 2,897,727 ordinary shares
Amadeus I Affiliates Fund LP: 152,512 ordinary shares
Amadeus II A: 4,592,031 ordinary shares
Amadeus II B: 3,061,354 ordinary shares
Amadeus II C: 2,142,948 ordinary shares
Amadeus II Affiliates LP: 102,045 ordinary shares
Amadeus II D GmbH & Co. KG: 306,136 ordinary shares
(6) Mr Anderson, a Director of the Company, is a director and majority shareholder in Crombie Anderson Associates Limited, and Ms Glover and Mr Paul, Directors of
the Company, both hold minority shareholder interests in Crombie Anderson Associates Limited.
(7) The number of ordinary shares have been calculated after the consolidation which took place on 27 January 2006, where two ordinary shares of £0.01 each were
consolidated into one ordinary share of £0.02 each.
(8) The number of share options have been calculated after the consolidation which took place on 27 January 2006, where two ordinary shares of £0.01 each were
consolidated into one ordinary share of £0.02 each.
As at 7 December 2006, there have been no changes in the above shareholdings since 30 September 2006.
DIRECTORS’ REMUNERATION (AUDITED)
The remuneration in respect of qualifying services of each person who served as a Director during the year ended 30 September 2006 was as shown below.
Note that these amounts are expressed in US dollars, the Group’s reporting currency, though all Directors were paid in pounds sterling, except for Ian Stevens.
The average exchange rate used in the year ended 30 September 2006 was $1.80 to £1 (2005: $1.85 to £1).
Year to 2006 Year to 2005
Compensation Year to Year to Pension Pension
Salary and Fees Bonus Benefits for Loss of Office Sep 06 Sep 05 Contributions Contributions
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Chairman
Dr John Padfield (9) 80 – – – 80 – – –
Non-Executive Directors
Anne Glover (3) 38 – – – 38 22 – –
Patrick Paul 29 – – – 29 – – –
Barry Rose (4) 36 – – – 36 – – –
Dr David Guyer (5) 38 – – 38 – – –
Barry Sealey (6) – – – – – – – –
Michael Rutterford (7) – – – – – – – –
Ann Gloag (8) – – – – – – – –
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Optos plc Annual Report & Accounts 2006