29th Mar 2005 14:39
Liberty International PLC ("the Company")DIRECTORS' SHAREHOLDINGSFollowing the exercise of options by certain employees including ExecutiveDirectors, and awards made under the Company's annual bonus arrangements, theCompany has been advised today of the following: A. EXERCISE OF OPTIONS 1. Liberty International's Finance Director, Mr A C Smith has increased hisholding of Liberty International PLC ordinary shares by 36,747 shares to150,466 shares, representing 0.047% of the issued share capital.This increase in holding follows an exercise of options on 23 March 2005 over60,000 ordinary shares in Liberty International at an option price of 406p pershare and 60,000 ordinary shares in Liberty International at an option price of512p per share. Immediately following the exercise, Mr Smith sold 83,253ordinary shares at a price of 955.3648p per share in order to meet acquisitioncosts and income tax liabilities.2. A Liberty International Executive Director, Mr J G Abel, has increased hisholding of Liberty International PLC ordinary shares by 20,000 shares to129,788 shares, representing 0.040% of the issued share capital.This increase in holding follows an exercise of options on 24 March 2005 over94,141 ordinary shares in Liberty International at an option price of 512p pershare and 60,000 ordinary shares in Liberty International at an option price of545p per share. Immediately following the exercise, Mr Abel sold 134,141ordinary shares at a price of 957.1706p per share, some of the proceeds ofwhich were to meet acquisition costs and income tax liabilities.B. AWARDS UNDER THE ANNUAL BONUS SCHEME AND THE SHARE INCENTIVE PLAN ("SIP")1. Under Liberty International PLC's annual bonus scheme arrangements,conditional awards of Liberty International ordinary shares are made to certainemployees including Executive Directors. The awards comprise Restricted sharesand Additional shares. These shares will be released two and four yearsrespectively after the date of the award, provided the individual Director hasremained in service. The Company also operates a Share Incentive Plan ("SIP")for all eligible employees, including Executive Directors, who may receive upto ‚£3,000 worth of Liberty International ordinary shares as part of their bonusarrangements. The share awards under Liberty International's annual bonusscheme arrangements and the SIP made on 16 March 2005 to Executive Directors inrespect of the year ended 31 December 2004 were as follows: Restricted Additional SIP R M Cable 2,339 1,323 306 K E Chaldecott 2,454 1,380 306 D A Fischel 3,695 2,001 306 J I Saggers 3,144 1,725 306 A C Smith 1,958 1,132 306 B. INTERESTS OF THE ESOP The shares required for option exercises by the directors mentioned above andother employees, as well as the SIP awards made to directors and otheremployees, were provided by transfers of shares from LI Share Plan (Jersey)Limited as trustee for the Liberty International PLC employee share ownershipplan ("ESOP"). As Executive Directors of Liberty International PLC arepotential beneficiaries of the ESOP, these changes are disclosable as a changein their interests.1 Name of company: LIBERTY INTERNATIONAL PLC 2 Name of director: Mr J G Abel, Mr R M Cable, Mrs K E Chaldecott, Mr D A Fischel, Mr J I Saggers, and Mr A C Smith 3 Please state whether Non-beneficial interest of the notification indicates Directors. The Directors are that it is in respect of potential beneficiaries under the holding of the director employee share plan named in 2 above or holding of that person's spouse or children under the age of 18 or in respect of a non- beneficial interest: 4 Name of registered holder LI Share Plan (Jersey) Limited (s) and, if more than one holder, the number of shares held by each of them (if notified): 5 Please state whether N/A notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s): 6 Please state the nature of A. Transfer of shares to employees the transaction. For PEP following exercise of options; and transactions please B. indicate whether general/ Transfer of shares for SIP awards to single co PEP and if the SIP Trustee on behalf of discretionary/non employees. discretionary: 7 Shares transferred: Transaction No. of Price per date: shares: share: A. Options 23/03/05 750 331p 23/03/05 65,000 406p 23/03/05 239,346 512p 23/03/05 84,195 545p 24/03/05 94,141 512p 24/03/05 60,000 545p 543,432 B. SIP shares 29/03/05 34,065 Nil Total 577,497 transferred 8 Percentage of issued 0.180% class: 9 Class of security: Ordinary shares 10 Date company informed: 29/03/05 11 Total holding following 3,613,884 this notification: 12 Total percentage holding 1.123% of issued class following this notification: 13 Contact name for queries: John Armstrong 020 7887 7064 14 Name of company official John Armstrong responsible for making notification: Assistant Company Secretary Date of Notification: 29 March 2005ENDLiberty International plcRelated Shares:
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