RBS 2006 Annual Report Download - page 126
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125
RBS Group • Annual Report and Accounts 2006
Governance
Directors’ interests in shares
Preference shares
Mr Fish held 20,000 non-cumulative preference shares of US$0.01
each at 31 December 2006 (2005 – 20,000) and Mr Koch held
20,000 non-cumulative preference shares of US$0.01 each at
31 December 2006 (2005 – 20,000). No other director had an
interest in the preference shares 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 2006, at 1 January 2006 or date of
appointment if later.
Shares
beneficially
owned at 31 December 2006
1 January 2006 Vested
or date of Shares MPP shares Vested Value as at
appointment owned or share share 31 December
Executive directors if later beneficially equivalents options Total 2006 (2,3)
Sir Fred Goodwin 66,762 66,844 126,895 506,288 700,027 £8,549,436
Mr Cameron (appointed 1 March 2006) 1,827 2,012 77,902 168,355 248,269 £2,752,176
Mr Fish 11,120 11,120 — 107,877 118,997 £1,365,118
Mr Fisher (appointed 1 March 2006) 3,917 4,498 28,000 132,572 165,070 £1,609,691
Mr Pell 582 582 — 157,716 158,298 £1,137,150
Mr Whittaker (appointed 1 February 2006) — 51,605 — — 51,605 £1,028,488
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 29 December 2006, which was £19.93. During the year ended 31 December 2006 the share price ranged from £16.69 to £19.99.
(3) The notional value of the vested share options has been calculated on the ‘in the money’ value.
(4) As at 31 December 2006, the executive directors held a technical interest as potential beneficiaries in The Royal Bank of Scotland Group plc 2001 Employee Share Trust
(5,987,597 shares) and The Royal Bank of Scotland plc 1992 Employee Share Trust (509,905 shares), being trusts operated for the benefit of employees of the company
and its subsidiaries.
Shares
beneficially
owned at Shares
1 January 2006 beneficially
or date of owned at
appointment 31 December
Non-executive directors if later 2006
Chairman
Sir Tom McKillop 30,000 30,000
Mr Buchan 5,000 5,000
Dr Currie 556 556
Mr Friedrich (appointed 1 March 2006) — 20,256
Mr Hunter 3,500 3,500
Mrs Kong 1,120 7,000
Mr Koch 20,000 20,000
Mr MacHale 10,000 10,000
Mr Scott 4,448 4,448
Mr Sutherland 5,590 5,590
No other director had an interest in the company’s ordinary shares during the year.
On both 8 January 2007 and 7 February 2007, six ordinary shares of 25p each were acquired by Sir Fred Goodwin and Mr Fisher
under the Group’s Buy As You Earn share scheme.
On 18 January 2007, Mr Cameron acquired 1,466 ordinary shares of 25p each from the late Sir Donald and Lady Cameron Marriage
Settlement Trust.