| Tue 27 Feb 2001, 0:00 | | Liberty International Plc - Directors Interest |
|
Directors Shareholdings
Under Liberty International PLC's ("the Company") annual bonus scheme
arrangement, conditional awards of shares are made to certain employees
including Executive Directors. Awards comprise Restricted shares and Additional
shares, the latter equal to 50% of the Restricted shares. Awards made
previously to 2001 comprise shares which will be released three and five years
respectively after the date of award, provided the individual Director has
remained in service. Details of the awards to Executive Directors made in 1998
which now vest 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. 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:
A. Vesting of awards under annual bonus scheme
Awards of shares made in February 1998 to certain employees including Executive
Directors vested on 23rd February 2001, in accordance with the terms of the
annual bonus scheme.
The shares released to Executive Directors were:
Mr D A Fischel 6,410 shares of which 2,570 were sold and 3,840 were
retained
Mr J I Saggers 5,114 shares of which 2,050 were sold and 3,064 were
retained
Mr F B Sher 4,350 shares, all of which were retained
Mr A C Smith 3,460 shares, all of which were retained
The relevant shares were sold on 23rd February 2001 at 520p per share and the
Company was advised of such sales on 23rd February 2001.
Following the above transactions, these four Executive Directors' remaining
interests in the Company are as follows:
No of Shares %of Issued Share Capital
Mr D A Fischel 158,259 0.056%
Mr J I Saggers 38,200 0.014%
Mr F B Sher 4,350 0.0016%
Mr A C Smith 23,942 0.008%
B. 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 and release of
shares awarded under annual bonus scheme
7 Number of shares/amount of stock acquired: 250,000
8 Percentage of issued class: 0.09%
9 Price per share GBP5.25
10 Date of transaction: 22.02.01
11 Date Company Informed: 22.02.01
12 Number of shares/amount of stock disposed: 21,023
13 Percentage of issued class: 0.007%
14 Class of security: Ordinary shares
15 Price per share: Nil
16 Date of transaction: 23.02.01
17 Date company informed: 23.02.01
18 Total holding following this notification: 4,854,887
19 Total percentage holding of issued class following this notification: 1.74%
S Folger
Company Secretary
23 February 2001
