Director Shareholding
November 16 2000 - 11:20AM
UK Regulatory
RNS Number:2152U
Capital Radio PLC
16 November 2000
Capital Radio plc - Notification of Directors' Interests
EPS Bonus Matching Scheme
Capital Radio operates an EPS Bonus Matching Scheme whereby Executive Directors
and certain Senior Executives are required to apply 17.5% of their annual bonus
(net of tax thereon) in purchasing Ordinary Shares in the Company. The
participant is then entitled to receive (after tax thereon) one additional Share
free of charge for every Share retained by the participant during the following
period of three years. The entitlement to the additional Shares will normally be
lost if the participant leaves Capital Radio's employment.
The Executive Directors below have informed the Company on 15 November 2000 that
Shares have been purchased on that date in connection with these arrangements in
respect of the EPS Bonus Matching Scheme for the financial year ended 30
September 2000. The purchase price for each of these Shares was #13.45.
Director Shares Purchased Resultant Holding
David Mansfield 2,576 41,694
Richard Park 2,146 27,103
Paul Davies 1,561 4,965
Peter Harris 1,288 9,588
Sally Oldham 1,229 1,229
Each participant's entitlement to additional Shares will be notified if and when
such Shares vest.
Long Term Incentive Plan
The Company also operates a Long Term incentive Plan for the purposes of
providing a long term incentive scheme for Executive Directors and certain
Senior Executives. Ordinary Shares are acquired by the Capital Radio Employee
Trust from time to time for the purposes of satisfying awards under the Plan.
Awards over a total of 68,210 Ordinary Shares were granted on 15 November 2000
to the following Executive Directors:-
Director Number of Conditional Shares
David Mansfield 19,880
Richard Park 16,470
Paul Davies 11,980
Peter Harris 9,940
Sally Oldham 9,940
In accordance with institutional guidelines on long term remuneration for
senior executives, awards to participants in the Long Term Incentive Plan
(which are satisfied in the form of Shares held by the Trust) are dependent
upon the underlying performance of the Company.
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