Annual Report & Accounts 2012 - Euromoney Institutional Investor ...

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Directors’ Remuneration Report
continued
Directors’ share options continued
At start
of year
Granted/
trued up
during year
Exercised
during year
At end
of year
Exercise
price
Date from
which
exercisable
Expiry
date
B AL-Rehany 6,688 7,570 – 14,258 ^ £0.0025 Feb 14 13 Sept 30 20
19,960 – – 19,960 † £5.01 Feb 14 13 Feb 14 20
26,647 7,570 – 34,217 ^ £0.0025 Feb 13 14 Sept 30 20
53,295 15,140 – 68,435
Total 358,966 23,757 (75,242) 307,481
Directors’ long-term incentive – cash settled
Under the terms of CAP 2010, the directors have been granted the following cash awards:
At start
of year
£
Granted/
trued up
during year
£
Exercised
during year
£
At end
of year
£ Date from which entitled Expiry date
NF Osborn 35,997 (17,577) – 18,420 ^ Feb 14 13 Sept 30 20
NF Osborn 35,997 (17,578) – 18,419 ^ Feb 13 14 Sept 30 20
DC Cohen 63,154 (17,568) – 45,586 ^ Feb 14 13 Sept 30 20
DC Cohen 63,154 (17,568) – 45,586 ^ Feb 13 14 Sept 30 20
CR Jones 120,540 (6,982) – 113,558 ^ Feb 14 13 Sept 30 20
CR Jones 120,540 (6,982) – 113,558 ^ Feb 13 14 Sept 30 20
DE Alfano 40,423 1,556 – 41,979 ^ Feb 14 13 Sept 30 20
DE Alfano 40,423 1,556 – 41,979 ^ Feb 13 14 Sept 30 20
CHC Fordham 105,329 22,870 – 128,199 ^ Feb 14 13 Sept 30 20
CHC Fordham 105,329 22,870 – 128,199 ^ Feb 13 14 Sept 30 20
JL Wilkinson 85,624 (11,130) – 74,494 ^ Feb 14 13 Sept 30 20
JL Wilkinson 85,625 (11,132) – 74,493 ^ Feb 13 14 Sept 30 20
B AL-Rehany 114,171 32,434 – 146,605 ^ Feb 14 13 Sept 30 20
B AL-Rehany 114,171 32,434 – 146,605 ^ Feb 13 14 Sept 30 20
1,130,477 7,203 – 1,137,680
§ Issued under the Euromoney Institutional Investor PLC SAYE scheme 2009.
* Issued under the Euromoney Institutional Investor PLC SAYE scheme 2012.
‡ Options granted are those expected to be issued following the satisfaction of the additional performance test (see page 44) in relation to awards outstanding from
either tranche 2 or tranche 3 of the CAP 2004 which vest either on February 11 2012 or February 14 2013 as applicable, three months following the announcement
of the company’s results. The number of such options granted to each director is provisional and will require a true-up to reflect adjustments to the respective director’s
individual business profits between year end and December 31 2012. As such the actual number of options granted could vary from that disclosed.
^ The number of options and the amount of cash award granted under CAP 2010 to each director is provisional and based on the performance of the respective director’s
individual businesses up to the end of the performance period (September 2012). The number of such options granted to each director is provisional and will require a
true-up to reflect adjustments to the respective director’s individual business profits between year end and December 31 2012. The number of options received under
the first tranche share award of the CAP 2010 is reduced by the number of options vesting with participants from the CSOP 2010 (note 24). As such the actual number
of options and amount of the cash award issued is likely to be different to the amount granted.
† The number of options granted under CSOP 2010 to each director will first vest on the third anniversary of its grant, being June 28 2013 for the UK CSOP and February 14
2013 for the Canadian CSOP, providing the CSOP is in the money at that time and sufficient CAP 2010 award shares remain vested but unexercised. Once vested the option
remains exercisable for a period of one month and then lapse. If the option is not exercised, the option continues to subsist and becomes exercisable at the same time as
the second tranche of the CAP 2010 share award (note 24).
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