NATS-Annual-Report-2015

Annual Report and Accounts 2015 | NATS Holdings Limited
Governance 68
Reports from Board Committees
(continued)
Audited information
Directors’ remuneration (continued)
Details of shares held by directors who served during the year are as follows:
Exercisable
(brought forward)
29/02/2016
(brought forward)
Date from which exercisable:
25/09/2017
(brought forward)
Exercisable
(granted in year)
29/05/2019
(granted in year)
Total holding
(number of
shares)
Value at
31 March 2015
(at £4.30 each)
Value at
31 March 2014
(at £4.50 each)
£ £
Name of director
Richard Deakin 400 200 200 150 150 1,100 4,730 3,600
Martin Rolfe - - - 150 150 300 1,290 -
Nigel Fotherby 2,377 200 200 - - 2,777 11,941 12,497
2,777 400 400 300 300 4,177 17,961 16,097
Richard Deakin’s shares will be sold on his departure from the company at £4.30 each (being the prevailing valuation for the staff
share scheme).
In May 2013 employees including executive directors were offered the option to participate in an award of up to 150 partnership
shares each at fair value (the lower of the share price at the start of and the end of the accumulation period, being £3.95 per
share) by deductions from gross salary over a 12 month accumulation period ending 30 April 2014. Participants also receive
one free matching share for every partnership share purchased. Richard Deakin and Martin Rolfe participated in this offer and
were each awarded 300 shares on 30 May 2014.
The executive directors received dividends during the financial year based on their shareholdings as of May and November 2014.
Andy Lord,
Chairman of the
Remuneration Committee
Governance