Remuneration Report

Interests of directors in share options and share plans of the company

 
 Notes No. of options at 1 Aug 2007 No. of options at 31 Jul 2008 Date of grant Exercise price (p) Earliest excersie date Expiry of exercise period
Executive Directors
Andrew McIver
 1 500,000 500,000 21/01/04 49 29/01/07 29/01/14
2 250,000 125,000 01/08/05 - 01/08/07 01/08/08
3 3,920,455 2,784,091 30/11/06 - 01/11/07 01/11/09
4 - 1,161,057 14/12/07 - 01/11/08 01/11/09
6 200,000 133,334 09/05/06 - 01/11/07 01/11/09
Dave Hobday
 2 240,000 140,000 08/11/05 - 01/08/07 01/11/08
3 3,136,364 246,212 30/11/06 - 01/11/07 01/11/09
4, 8 - - 14/12/07 - 01/11/08 01/11/09
6 50,000 - 09/05/06 - 01/11/07 01/11/09
Jim Wilkinson
 4 - 608,173 01/02/08 - 01/11/08 01/11/09
  7 - 1,507,726 01/02/08 - 01/11/08 01/11/09
Mark Blandford
 - - - - - - -
Non-Executive Directors
Peter Dicks
 5 - - - - - -
Sean O'Connor
 - - - - - - -
Brian Harris
 - - - - - - -
Nigel Payne
 1 250,000 250,000 29/01/04 49 29/01/07 29/01/14
2 75,000 - 01/08/05 - 01/08/07 01/08/08
6 100,000 - 09/05/06 - 01/11/07 01/11/09
Bob Holt
 - - - - - - -
  1. Share options granted under the Sportingbet Plc Unapproved Executive Share Option Scheme 2004.
  2. Share awards granted under the Sportingbet Long Term Retention Plan 2005. During the financial year, 125,000 shares were released to Andrew McIver, 125,000 shares were released to Nigel Payne and 100,000 shares were released to Dave Hobday, in each case under the Sportingbet Long Term Retention Plan 2005. Nigel Payne subsequently waived his rights to the remaining shares subject to this award in the light of his new role as Non-Executive Director.
  3. Share awards granted under the Sportingbet 2006 Restricted Share Plan. During the financial year, 1,136,364 shares were released to Andrew McIver and 909,091 shares were released to Dave Hobday, in each case under the Sportingbet 2006 Restricted Share Plan.
  4. A provisional discretionary share bonus totalling 2,698,075 shares was made to Andrew McIver, Dave Hobday and Jim Wilkinson during the financial year on the dates as set out above. The awards vest in two equal amounts on 1 November 2008 and 1 November 2009. If all shares are held (subject to a number being sold to meet any tax liability) an additional 15% bonus in shares will be awarded.
  5. Peter Dicks was appointed as Chairman and Non-Executive Director of the Company on 1 February 2008.
  6. Andrew McIver, Dave Hobday and Nigel Payne were granted the right to earn shares which would vest in three equal parts in respect of financial years 2007, 2008 and 2009, and would be subject to the same performance conditions as the Sportingbet 2006 Restricted Share Plan. During the financial year, 66,666 shares were released to Andrew McIver, 33,333 were released to Nigel Payne and 16,666 shares were released to Dave Hobday, in each case under this award. Nigel Payne subsequently waived his rights to the remaining shares subject to this award in the light of his new role as Non-Executive Director.
  7. Jim Wilkinson received an award under the Sportingbet 2006 Restricted Share Plan of 1,507,746 shares on 1 February 2008.
  8. Dave Hobday resigned as a Director on 8 May 2008. As a result, 732,323 shares were released on 8 July 2008 to him pursuant to the rules of the Sportingbet 2006 Restricted Share Plan and 338,747 shares were released to him under other company schemes. His award of 246,212 shares under the Sportingbet 2006 Restricted Share Plan remains capable of being released to him in November 2009 subject to meeting certain conditions. All his remaining options and awards above have lapsed. 11,583,883 options were exercised during this financial year (2007: 1,687,875) of which 3,244,445 options were exercised by Directors of the Company (2007: £Nil). The price paid by participants for all awards under the appropriate share plans is £43,450. The market price of shares at 31 July 2008 was 32.75p and the range during the financial period was 29.50p to 59.17p. A summary of the performance criteria upon which awards or options may be exercised is set out below.