Annual Reports and Accounts 2007-2008

Financial Statements

• Financial Review
• Corporate Social Responsibility
• Corporate Governance Statement
• Directors' Report
• Remuneration Report
  • Directors’ Emoluments
  • Interests of directors in share options and share plans of the company
  • Interests of directors in shares in the company
  • Remuneration Policy
  • Terms of Reference
  • Service Contracts
  • Bonuses
  • Share Incentive Schemes
  • Cash based Long Term Incentive Plan
• Regulatory Developments
• Report of the Independent Auditor report to the members of Sportingbet Plc

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Remuneration Report

Cash based Long Term Incentive Plan

In 2006, the Remuneration Committee reviewed the remuneration and benefits packages of certain key employees. As a result, a cash-based long term incentive plan (‘LTIP’) was established and offered to the Executive Directors and a small number of key employees, and which was varied in November 2006 in order to retain key employees following the enactment of the Unlawful Internet Gaming Enforcement Act 2006. The LTIP pays a cash sum based on the relevant employee’s gross salary, 40% of which matured in December 2007, with the remainder maturing in July 2009. In order for the employee to receive such payments under the LTIP, they need to be in employment up to and including 31 December 2007 (in respect of the 40%) and 31 July 2009 (in respect of the remainder).

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