1st Apr 2005 15:55
UNITED BUSINESS MEDIA plcDIRECTORS' INTERESTS IN SHARESUnited Business Media plc was notified today, 1 April, of the following changesin directors' interests in its shares and in options over its shares.Senior Executive Equity Participation PlanThe Trustee of the United Business Media Employee Share Ownership Plan Trustpurchased 90,000 ordinary shares at an average price of 531 pence per share on30 March 2005. These shares were purchased in connection with the grant ofoptions on 31 March 2005 to executive directors (see below) and seniorexecutives pursuant to the terms of the company's Senior Executive EquityParticipation Plan, in consideration of the sacrifice of cash bonuses payablein respect of the year ended 31 December 2004.Director Amount of bonus Bonus option Matching sacrificed option Charles Gregson ‚£127,309 23,809* 23,809 Nigel Wilson ‚£185,194 34,635 34,635 \* The bonus was paid into the director's funded unapproved retirement benefitscheme and was invested in ordinary shares. Following this grant, CharlesGregson is interested in a total of 449,431 ordinary shares.Annual bonus share awardsAwards were also made to the following executive directors on 31 March 2005 inrespect of the element of annual bonus for 2004 which is payable in the form ofshares.Director No. of shares Clive Hollick 69,681 Charles Gregson 40,269 Malcolm Wall 33,883 Nigel Wilson 32,319 These awards are in the form of options which will be exercisable as to 50%from 1 January 2007 and the remaining 50% from 1 January 2008 until 31 March2012. No money was paid for the grant of the options, and the option exerciseprice is nil.Following this notification, the holdings of executive directors on 31 Marchunder all option plans operated by the company were as follows :-Clive Hollick held options over a total of 1,874,009 ordinary sharesCharles Gregson held options over a total of 1,128,802 ordinary sharesMalcolm Wall held options over a total of 971,854 ordinary sharesNigel Wilson held options over a total of 1,074,334 ordinary sharesThe Trustees of the United Business Media Employee Share Ownership Plan Trustholds 2,056,423 ordinary shares representing 0.4% of the company's issued sharecapital. Under paragraph 2 of Schedule 13 to the Companies Act 1985, theexecutive directors are deemed to be interested in these shares.Provisional share allocations to Non-Executive DirectorsOn 1 April 2005, the following provisional allocations of ordinary shares weremade to the under mentioned non-executive directors under the share allocationarrangements for non-executive directors for the period ended 31 March 2005.Director No. of shares Geoff Unwin 10,513 John Botts 1,577 Christopher Hyman 1,577 Jonathan Newcomb 1,577 Chris Powell 1,577 Adair Turner 1,577 Sandy Leitch 693 The directors were informed of these allocations on 1 April.Anne SiddellCompany SecretaryENDUNITED BUSINESS MEDIA PLCRelated Shares:
UBM