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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 prior 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 certain Executive
Directors made in 1999 which now vest are given below.
The shares vesting under the scheme were transferred to employees from the
LI Share Plan (Jersey) Limited as trustee for the Liberty International PLC
employee share ownership plan ("ESOP"). 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 1999 to certain employees including
Executive Directors vested on 13 February 2002, in accordance with the terms
of the annual bonus scheme.
The shares released to Executive Directors were:
Mr J G Abel 2,951 shares of which 1,181 were sold and
1,770 were retained
Mr P C Badcock 2,383 shares all of which were sold
The relevant shares were sold on 13 February 2002 at 543p per share and the
Company was advised of such sales on 13 February 2002.
Following the transactions, the above Executive Directors' interests in the
Company are as follows:
No of Shares %of Issued Share
Capital
Mr J G Abel 92,813 0.03%
Mr P C Badcock 17,403 0.01%
B. Change of holdings of the ESOP
Schedule 11 - Notification of Interests of Directors and Connected Persons
1 Name of company: LIBERTY INTERNATIONAL PLC
2 Name of director: Mr. J G Abel, Mr. P C
Badcock, Mr D A Fischel, Mr
J I Saggers, Mr. F B Sher
and Mr. A C Smith
3 Please state whether Non-beneficial interest of
notification indicates the Directors. The
that it is in respect Directors are potential
of holding of the beneficiaries under the
director named in 2 employee share plan
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 LI Share Plan (Jersey)
holder(s) and, if more Limited
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 Transfer to employees on
nature of the vesting of awards under
transaction. For PEP annual bonus scheme
transactions please arrangements.
indicate whether
general/single co PEP
and if
discretionary/non
discretionary:
7 Shares transferred: No. of Price per
Shares: Share:
10,045 543p
8 Percentage of issued 0.003%
class:
9 Class of security: Ordinary shares
10 Date of transaction: 13 February 2002
11 Date company informed: 13 February 2002
12 Total holding 4,629,580
following this
notification:
13 Total percentage 1.629%
holding of issued
class following this
notification:
Contact name for Simon Wilbraham
queries:
Contact telephone 020 7887 7108
number:
Name of company Simon Wilbraham
official responsible Assistant Secretary
for making
notification:-
Date of Notification: 14 February 2002
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