| Fri 23 Feb 2001, 0:00 | | Liberty International Plc - Directors Interests |
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Liberty International Plc
The following announcement has been made to the London Stock exchange ("LSE")
as required under the Listing Rules and is also released to the JSE Securities
Exchange South Africa as per Listing Rule 3.71:
Under Liberty International PLC's ("the Company") annual bonus scheme
arrangement, conditional awards of shares are made to certain employees
including Executive Directors. Details of the awards to Executive Directors in
respect of the year ended 31 December 2000, and vesting of earlier awards are
given below.
The shares vesting under the scheme were transferred to employees from the LIH
Share Plan (Jersey) Limited as trustee for the Liberty International PLC
employee share ownership plan ("ESOP"). Additionally, the ESOP's holding of
Liberty International shares has further changed as a result of a market
purchase and a minor exercise of options. As the Executive Directors are
potential beneficiaries of the ESOP under the Company's share incentive
arrangements these changes fall for disclosure as affecting their interests.
Formal disclosure of these changes is also given below:
1. Awards under the annual bonus scheme
The awards comprise Restricted shares and Additional shares, the latter equal
to 50% of the Restricted shares. These shares will be released two and four
years respectively after the date of award, provided the individual Director
has remained in service.
The awards to the Executive Directors were as follows:-
Restricted Shares Additional Shares
Mr. J G Abel 4,800 2,400
Mr. P C Badcock 3,900 1,950
Mr. D A Fischel 12,390 6,195
Mr. J I Saggers 7,600 3,800
Mr. F B Sher 5,670 2,835
Mr. A C Smith 6,880 3,440
The date of announcement of the results was 15th February 2001 and the Company
was advised of the awards on the 15th February 2001.
2. Vesting of earlier awards
Awards of shares made in February 1998 to certain employees including Executive
Directors vested on 20th February 2001, in accordance with the terms of the
annual bonus scheme.
The shares released to Executive Directors were:
Mr. J G Abel: 3,575 shares of which 1,433 were sold and 2,142 retained
Mr P C Badcock: 2,900 all of which were sold
M. D R Leslie: 4,290 all of which were sold
The relevant shares were sold on 20th February 2001 at 512p per share and the
Company was advised of such sales on 20th February 2001.
Following the above transactions, these three Executive Directors' remaining
interests in the Company are as follows:
No of shares % of issued share capital
J G Abel 91,043 0.03%
P C Badcock 17,403 0.006%
D R Leslie 44,240 0.016%
3. Change of holdings of the ESOP
1. Name of company: LIBERTY INTERNATIONAL PLC
2. Name of director: Mr J G Abel, Mr. P C Badcock, Mr. D A Fischel, Mr. D R
Leslie, Mr J I Saggers, Mr F B Sher, Mr A C Smith,
3. Please state whether notification indicates that it is in respect of
holding of the director 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:
Non-beneficial other than as disclosed above - the Directors are potential
beneficiaries under the employee share ownership plan
4. Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified):
LIH Share Plan (Jersey) Limited
5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s):
N/A
6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:
Market purchase by trustee of employee share ownership plan
7. Number of shares/amount of stock acquired: 391,628
8. Percentage of issued class: 0.14%
9. Price per share GBP5.25
10. Date of transaction: 21.02.01
11. Number of shares/amount of stock disposed: a) vesting of bonus shares
37,471 b) exercise of options 6,530
12. Percentage of issued class: 0.016%
13. Class of security: Ordinary shares
14. Price per share: a) nil b) GBP2.795
15. Date of transaction: a) 20.02.01 b) 21.02.01
16. Date company informed: a) 20.02.01 b) 21.02.01
17. Total holding following this notification: 4,625,910
18. Total percentage holding of issued class following this notification: 1.66%
S Folger
Company Secretary
22 February 2001
