Directors’ report: Other information
Directors’ interests
The notifiable interests of each director (and his connected persons) under the Disclosure and Transparency Rules issued by the Financial Services Authority are as follows:
| Name | Number of shares at 31 Dec 2008 | Number of shares at 31 Dec 2007 |
|---|---|---|
| Christopher Rodrigues | 218,562 | 187,888 |
| John Harnett | 163,071 | 163,071 |
| David Broadbent | 10,000 | 10,000 |
| Charles Gregson | 58,187 | 51,837 |
| Tony Hales | 25,000 | 25,000 |
| Ray Miles | 211,226 | 109,000 |
| Nick Page | 50,674 | 26,135 |
There were no changes in these interests between 31 December 2008 and 16 March 2009.
Details of contingent awards of shares to directors are set out in the sections on the Incentive Plan and the Exchange Scheme in the directors’ remuneration report.
No director has notified the Company of an interest in any other shares, transactions or arrangements which requires disclosure.
Directors’ indemnities
The Company’s Articles of Association permit it to indemnify directors of the Company (or of any associated company) in accordance with the Companies Act 2006. However, no qualifying indemnity provisions were in force in 2008 or at any time up to 16 March 2009.
Directors’ conflicts of interest
To take account of the Companies Act 2006, the directors have adopted a policy on conflicts of interest and established a register of conflicts. The directors consider that these procedures have operated effectively since their introduction on 1 October 2008.
Authority to allot shares
As at 31 December 2008, the directors had authority to allot further securities up to an aggregate nominal amount of £8,488,000. Further authorities will be sought at the forthcoming annual general meeting (‘AGM’).