RBS 2005 Annual Report Download - page 132

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Directors’ interests in shares
Directors’ interests in shares
Preference shares
Mr Fish held 20,000 non-cumulative preference shares of US$0.01
each at 31 December 2005 (2004 – 20,000) and Mr Koch held
20,000 non-cumulative preference shares of US$0.01 each at
31 December 2005 (2004 – nil). No other director had an
interest in the preference shares during the year.
Loan notes
No director had an interest in loan notes during the year.
The company’s Register of Directors’ Interests, which is open
to inspection, contains full details of directors’ shareholdings
and options to subscribe.
No director held a non-beneficial interest in the shares of the
company at 31 December 2005, at 1 January 2005 or date of
appointment if later.
Shares
beneficially
owned at 31 December 2005
1 January 2005 Vested Value as at
or date of Shares MPP shares Vested 31 December
appointment owned or share share 2005
if later beneficially equivalents options Total (2,3)
Chairman
Sir George Mathewson 250,816 260,159 — 256,254 516,413 £6,577,478
Executive directors
Sir Fred Goodwin 64,960 66,762 126,895 433,488 627,145 £6,530,847
Mr Fish 11,120 11,120 — 108,027 119,147 £1,082,677
Mr Pell 582 582 22,026 107,916 130,524 £906,381
Mr Watt 58,408 59,111 18,877 115,548 193,536 £1,708,409
Shares
beneficially
owned at Shares
1 January 2005 beneficially
or date of owned at
appointment 31 December
if later 2005
Non-executive directors
Sir Tom McKillop — 30,000
Mr Buchan 5,000 5,000
Dr Currie — 556
Mr Hunter 1,500 3,500
Mr Koch 20,000 20,000
Mr MacHale 10,000 10,000
Mr Scott 2,448 4,448
Mr Sutherland — 5,590
No other director had an interest in the company’s ordinary shares during the year.
On both 9 January 2006 and 7 February 2006, 7 ordinary shares of 25p each were acquired by Sir Fred Goodwin under the
Group’s Buy As You Earn share scheme.
Notes:
(1) The numbers shown in this table are taken from the audited disclosures shown elsewhere in this Annual Report.
(2) The value is based on the share price at 31 December 2005, which was £17.55. During the year ended 31 December 2005 the share price ranged from £15.22 to £18.33.
(3) The notional value of the vested share options has been calculated on the ‘in the money’ value.