Annual Report 200440
details of which are described in Note 18 to the financial statements.
Shares granted to the Specified Executives during the year are as follows, and were valued at $6.95 each, being their market value (as
defined in the Income Tax Assessment Act).
Granted to: Shares:
Gouadain, Jacques Elie 6,216
Moore, Paul Derek 5,827
Wasow, Peter Christopher 7,770
Wilkinson, Richard John 5,827
Wood, Bruce James 5,439
Young, Jonathon Terence 8,547
(b) Includes the notional value of shares and options granted by the Company during previous financial years (and which had not vested as at
1 January 2004) which have been amortized over the relevant vesting period. All options have been valued by independent valuers using
the modified Black-Scholes or Binomial option pricing model.
(c) No options were granted by the Company during the year to the Directors or to the Specified Executives.
(d) No options or shares have been granted by the Company since the end of the financial year.
(6) This amount reflects the value during the current reporting period of the 1,000,000 Restricted Shares granted to Mr J C Ellice-Flint in 2000,
further details of which are described in note 18(h) to the financial statements.
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