Remuneration report
Share options
Details of Executive Directors’ share options as at 31 March 2008 are:
Malcolm Fallen
Malcolm Fallen has no share options at present.
Paul Simpson
| Scheme | Held at 01/04/07 |
Exercised in period |
Granted in period |
Lapsed in period |
Held at 31/03/08 |
Option price p |
Market price at grant p |
Date of grant |
Vesting date |
Lapse date |
Quantity unexpired |
Per- formance conditions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Approved | 15,000 | – | – | – | 15,000 | 82.5 | 82.5 | 20/08/01 | 20/08/04 | 19/08/11 | 15,000 | 100 Tech |
No share options had their terms varied during the period.
The aggregate value of Paul Simpson’s Approved and Unapproved options held during the period is currently 2.72 per cent of salary.
Kevin Walsh
| Scheme | Held at 01/04/07 |
Exercised in period |
Granted in period |
Lapsed in period |
Held at 31/03/08 |
Option price p |
Market price at grant p |
Date of grant |
Vesting date |
Lapse date |
Quantity unexpired |
Per- formance conditions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAYE | 16,196 | – | – | – | 16,196 | 58.5 | 65 | 23/06/05 | 01/08/08 | 01/02/09 | 16,196 | None |
Kevin Walsh took part in the three-year SAYE that was offered to all employees in June 2005, and was granted options accordingly, as shown above. In accordance with the scheme rules, the offer included a 10 per cent discount on market price, as recorded on the Pricing Date of 25 May 2005.
No share options had their terms varied during the period.
The aggregate value of Kevin Walsh’s Approved and Unapproved options held during the period is currently 3.79 per cent of salary.
Neil Gower
| Scheme | Held at 01/04/07 |
Exercised in period |
Granted in period |
Lapsed in period |
Held at 31/03/08 |
Option price p |
Market price at grant p |
Date of grant |
Vesting date |
Lapse date |
Quantity unexpired |
Per- formance conditions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Approved | 10,714 | – | – | – | 10,714 | 280 | 280 | 16/07/99 | 16/07/02 | 15/07/09 | 10,714 | None |
| Unapproved | 4,374 | – | – | – | 4,374 | 591 | 591 | 26/07/00 | 26/07/03 | 25/07/10 | 4,374 | None |
| Total | 15,088 | – | – | – | 15,088 | – | – | – | – | – | 15,088 | – |
No share options had their terms varied during the period.
The aggregate value of Neil Gower’s Approved and Unapproved options held during the period is currently 3.63 per cent of salary.
Peter Halls
Peter Halls does not currently hold any share options.
Paul Renucci
Paul Renucci does not currently hold any share options.
General information
The information provided above is a summary.
None of the Non-Executive Directors hold share options in the Company.
The closing mid-market price of KCOM Group PLC shares on 31 March 2008 was 43.5 pence. The high and low closing mid-market share prices during the year were 82.25 pence and 41.75 pence respectively.