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60 Governance
Remuneration Report
Continued
Details of the directors’ personal interests in the shares held
by Employee Benefit Trusts as at 31 March 2008 are given
in Table 6 below.
Table 6 Mid– First
Number Number market date of
of shares of shares Market price exercise/
under under price on at date Gain on end of Date
Plan Award option at option at exercise of grant exercise performance of lapse
name (1) date 01.04.07 Granted (3) Exercised Lapsed 31.03.08 (pence) (pence) (£) condition of option
Keith Clarke LTIP (2) 01.10.03 95,000 – 28,500 66,500 – 1052.00 401.5 299,820 01.04.07 01.10.13
25.06.04 20,000 – – – 20,000 586.5 01.04.08 25.06.14
24.06.05 25,000 – – – 25,000 670.0 01.04.09 24.06.15
11.09.06 47,500 – – – 47,500 837.0 11.09.09 11.09.16
03.08.07 – 44,000 – – 44,000 1035.0 03.08.10 03.08.17
DBP 25.06.04 6,849 – 6,849 – – 1052.00 586.5 72,051 25.06.07 25.06.14
24.06.05 8,574 – – – 8,574 670.0 24.06.08 24.06.15
29.06.06 6,401 – – – 6,401 826.0 29.06.09 29.06.16
Total 209,324 44,000 35,349 66,500 151,475 371,871
Alun Griffiths LTIP (2) 17.09.03 15,000 – 4,500 10,500 – 1007.67 401.5 45,345 01.04.07 17.09.13
25.06.04 10,000 – – – 10,000 586.5 01.04.08 25.06.14
24.06.05 10,000 – – – 10,000 670.0 01.04.09 24.06.15
11.09.06 14,000 – – – 14,000 837.0 11.09.09 11.09.16
03.08.07 – 18,000 – – 18,000 1035.0 03.08.10 03.08.17
DBP 26.08.02 1,663 – – – 1,663 289.0 26.08.05 26.08.12
25.06.04 3,424 – 3,424 – – 1068.50 586.5 36,585 25.06.07 25.06.14
24.06.05 3,037 – – – 3,037 670.0 24.06.08 24.06.15
29.06.06 3,099 – – – 3,099 826.0 29.06.09 29.06.16
29.06.07 – 2,777 – – 2,777 1022.0 29.06.10 29.06.17
Total 60,223 20,777 7,924 10,500 62,576 81,930
Robert MacLeod LTIP (2) 17.09.03 15,000 – 4,500 10,500 – 1052.00 401.5 47,340 01.04.07 17.09.13
25.06.04 30,000 – – – 30,000 586.5 01.04.08 25.06.14
24.06.05 10,000 – – – 10,000 670.0 01.04.09 24.06.15
11.09.06 28,750 – – – 28,750 837.0 11.09.09 11.09.16
03.08.07 – 30,000 – – 30,000 1035.0 03.08.10 03.08.17
DBP 25.06.04 2,625 – 2,625 – – 1052.00 586.5 27,615 25.06.07 25.06.14
24.06.05 4,287 – – – 4,287 670.0 24.06.08 24.06.15
29.06.06 4,388 – – – 4,388 826.0 29.06.09 29.06.16
Total 95,050 30,000 7,125 10,500 107,425 74,955
Aggregate gains on share options 2008 528,756
Aggregate gains on share options 2007 –
(1) Plan names: LTIP – Atkins Long Term Incentive Plan
DBP – Atkins Deferred Bonus Plan
(2) Subject to performance criteria described in note 32 to the Financial Statements.
(3) Following the exceptional write down in relation to Metronet, the Company’s
EPS for the financial year ended 31 March 2007 was (56.8)p.
The consequence of this was that any LTIP awards made in 2007 would never
be capable of vesting. Pursuant to the rules of the plan, the Remuneration
Committee considered that it was appropriate to remove profit in respect
of discontinued operations and the exceptional loss in respect of Metronet and
that the EPS for the financial year ending immediately before the
commencement of the performance period for the 2007 awards be
deemed to be 57.3p.
Directors’ share options and long term incentives
Directors’ emoluments disclosed in Table 4 do not include any
amounts for the value of options to acquire ordinary shares in the
Company granted to or held by the directors which are set out in
Table 6.
For each share under option that had not expired at the end of
the financial year, the mid market price on 31 March 2008 was
1,051.0p and the highest and lowest mid market prices during
the financial year were 1,227.0p and 945.5p respectively.
Approval
Approved by the Board and signed on its behalf by
Sir Peter Williams
Chairman of the Remuneration Committee
25 June 2008
WS Atkins plc Annual Report 2008