Remuneration Report
| Ordinary shares of 5p each | ||||
| At 26 November 2007 Number |
30 September 2007 Number |
1 October 2006 Number |
||
| IM Grice | 3,000 | 3,000 | - | |
| I Henderson | 61,000 | 61,000 | 38,619 | |
| NP Lingwood | 25,000 | 25,000 | 8,109 | |
| JW Matthews | - | - | - | |
| JL Rennocks | 10,000 | 10,000 | 7,500 | |
| Lord Stewartby | - | - | 25,000 | |
| BM Thompson | 175,762 | 175,762 | 137,098 | |
Notes:
- The above table excludes interests in the Company’s Long Term Incentive Plan, disclosed above.
- Lord Stewartby retired from the Board on 10 January 2007.
As described above, following the vesting of the LTIP awards at 30 September 2006 and 2007, the Executive Directors are able to exercise their
vested awards to acquire ordinary shares of 5p each in the Company for an aggregate consideration of £1. The underlying shares are held by the
Diploma Employee Benefit Trust and are transferred to the participant on exercise. At 30 September 2006 and 2007 the number of shares which
are the subject of vested LTIP awards and are held by each Director were as follows:
| Vested LTIP awards | Share price | Amount | |||||||||||||||||
| At 30 Sept 2006 Number |
Exercised during 2007 Number |
Vested during 2007 Number |
At 30
Sept Number |
At 30 Sept 2006 |
At 30 Sept 2007 |
At 30 Sept 2006 |
At 30 Sept 2007 |
||||||||||||
| £ | £ | ||||||||||||||||||
| I Henderson | 26,724 | (26,724) | 14,175 | 14,175 | 755.5p | 1,103.0p | 201,900 | 156,350 | |||||||||||
| NP Lingwood | 27,61 | (27,615) | 14,175 | 14,175 | 755.5p | 1,103.0p | 208,631 | 156,350 | |||||||||||
| BM Thompson | 45,431 | (45,431) | 23,625 | 23,625 | 755.5 | 1,103.0p | 343,231 | 260,584 | |||||||||||
Notes:
- On 30 November 2006, each participant exercised their option to acquire shares which had vested at 30 September 2006, for consideration of £1. The share price at the date of exercise was £7.855p.
The information set out above under the headings Total Remuneration of the Directors and Directors’ Shareholdings is auditable. All other
information provided in the Remuneration Report is not subject to audit.
This report on remuneration has been approved by the Board and signed on its behalf by:
IM Grice
Chairman of the Remuneration Committee
26 November 2007