| Tue 29 Mar 2005, 16:58 | | Liberty International Plc - Directors" Shareholdin |
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Liberty International Plc - Directors` Shareholdings
Liberty International Plc
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
DIRECTORS` SHAREHOLDINGS
Following the exercise of options by certain employees including Executive
Directors, and awards made under the Company`s annual bonus arrangements, the
Company has been advised today of the following:
EXERCISE OF OPTIONS
1. Liberty International`s Finance Director, Mr A C Smith has increased his
holding of Liberty International PLC ordinary shares by 36,747 shares to 150,466
shares, representing 0.047% of the issued share capital.
This increase in holding follows an exercise of options on 23 March 2005 over
60,000 ordinary shares in Liberty International at an option price of 406p per
share and 60,000 ordinary shares in Liberty International at an option price of
512p per share. Immediately following the exercise, Mr Smith sold 83,253
ordinary shares at a price of 955.3648p per share in order to meet acquisition
costs and income tax liabilities.
2. A Liberty International Executive Director, Mr J G Abel, has increased his
holding of Liberty International PLC ordinary shares by 20,000 shares to 129,788
shares, representing 0.040% of the issued share capital.
This increase in holding follows an exercise of options on 24 March 2005 over
94,141 ordinary shares in Liberty International at an option price of 512p per
share and 60,000 ordinary shares in Liberty International at an option price of
545p per share. Immediately following the exercise, Mr Abel sold 134,141
ordinary shares at a price of 957.1706p per share, some of the proceeds of which
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 certain
employees including Executive Directors. The awards comprise Restricted shares
and Additional shares. These shares will be released two and four years
respectively after the date of the award, provided the individual Director has
remained in service. The Company also operates a Share Incentive Plan (`SIP`)
for all eligible employees, including Executive Directors, who may receive up to
GBP3,000 worth of Liberty International ordinary shares as part of their bonus
arrangements. The share awards under Liberty International`s annual bonus scheme
arrangements and the SIP made on 16 March 2005 to Executive Directors in respect
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
INTERESTS OF THE ESOP
The shares required for option exercises by the directors mentioned above and
other employees, as well as the SIP awards made to directors and other
employees, were provided by transfers of shares from LI Share Plan (Jersey)
Limited as trustee for the Liberty International PLC employee share ownership
plan (`ESOP`). As Executive Directors of Liberty International PLC are
potential beneficiaries of the ESOP, these changes are disclosable as a change
in 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 potential beneficiaries under
of holding of the the employee share plan
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:
4 Name of registered LI Share Plan (Jersey) Limited
holder(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 A. Transfer of shares to
nature of the employees following exercise
transaction. For PEP B. of options; and
transactions please Transfer of shares for SIP
indicate whether awards to the SIP Trustee on
general/single co PEP behalf of employees.
and if
discretionary/non
discretionary:
7 Shares transferred: Transaction No. of Price
date: Shares: per
A. 750 Share:
23/03/05 65,000 331p
23/03/05 239,346 406p
23/03/05 84,195 512p
23/03/05 94,141 545p
24/03/05 60,000 512p
24/03/05 543,432 545p
B. 34,065
29/03/05 577,497 Nil
Total
transferred
8 Percentage of issued 0.180%
class:
9 Class of security: Ordinary shares
10 Date company informed: 29/03/05
11 Total holding 3,613,884
following this
notification:
12 Total percentage 1.123%
holding of issued
class following this
notification:
13 Contact name for John Armstrong
queries: 020 7887 7064
14 Name of company
official responsible John Armstrong
for making Assistant Company Secretary
notification:
Date of Notification: 29 March 2005
Date: 29/03/2005 04:52:38 PM
Produced by the JSE SENS Department
