Directors' interests in shares
| 31 December 2006 | ||||||
| Executive directors | Shares beneficially owned at 1 January 2006 or date of appointment if later | Shares owned beneficially | Vested MPP shares or share equivalents | Vested share options | Total | Value as at 31 December 2006 (2,3) |
| Sir Fred Goodwin | 66,762 | 66,844 | 126,895 | 506,288 | 700,027 | £8,549,436 |
| Mr Cameron (appointed 1 March 2006) | 1,827 | 2,012 | 77,902 | 168,355 | 248,269 | £2,752,176 |
| Mr Fish | 11,120 | 11,120 | — | 107,877 | 118,997 | £1,365,118 |
| Mr Fisher (appointed 1 March 2006) | 3,917 | 4,498 | 28,000 | 132,572 | 165,070 | £1,609,691 |
| Mr Pell | 582 | 582 | — | 157,716 | 158,298 | £1,137,150 |
| Mr Whittaker (appointed 1 February 2006) | — | 51,605 | — | — | 51,605 | £1,028,488 |
Notes:
(1) The numbers shown in this table are taken from the audited disclosures shown elsewhere in this Annual Report.
(2) The value is based on the share price at 29 December 2006, which was £19.93. During the year ended 31 December 2006 the share price ranged from £16.69 to £19.99.
(3) The notional value of the vested share options has been calculated on the ‘in the money’ value.
(4) As at 31 December 2006, the executive directors held a technical interest as potential beneficiaries in The Royal Bank of Scotland Group plc 2001 Employee Share Trust (5,987,597 shares) and The Royal Bank of Scotland plc 1992 Employee Share Trust (509,905 shares), being trusts operated for the benefit of employees of the company and its subsidiaries.
| Non-executive directors | Shares beneficially owned at 1 January 2006 or date of appointment if later | Shares beneficially owned at 31 December 2006 |
| Chairman | ||
| Sir Tom McKillop | 30,000 | 30,000 |
| Mr Buchan | 5,000 | 5,000 |
| Dr Currie | 556 | 556 |
| Mr Friedrich (appointed 1 March 2006) | — | 20,256 |
| Mr Hunter | 3,500 | 3,500 |
| Mrs Kong | 1,120 | 1,120 |
| Mr Koch | 20,000 | 20,000 |
| Mr MacHale | 10,000 | 10,000 |
| Mr Scott | 4,448 | 4,448 |
| Mr Sutherland | 5,590 | 5,590 |
No other director had an interest in the company’s ordinary shares during the year.
On both 8 January 2007 and 7 February 2007, six ordinary shares of 25p each were acquired by Sir Fred Goodwin and Mr Fisher under the Group’s Buy As You Earn share scheme.
On 18 January 2007, Mr Cameron acquired 1,466 ordinary shares of 25p each from the late Sir Donald and Lady Cameron Marriage Settlement Trust.
Preference shares
Mr Fish held 20,000 non-cumulative preference shares of US$0.01 each at 31 December 2006 (2005 – 20,000) and Mr Koch held 20,000 non-cumulative preference shares of US$0.01 each at 31 December 2006 (2005 – 20,000). No other director had an interest in the preference shares during the year. The company’s Register of Directors’ Interests, which is open to inspection, contains full details of directors’ shareholdings and options to subscribe.
No director held a non-beneficial interest in the shares of the company at 31 December 2006, at 1 January 2006 or date of appointment if later.
© 2007