The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 No. 410

SCHEDULE 5 INFORMATION ABOUT BENEFITS OF DIRECTORS

PART 3 SUPPLEMENTARY PROVISIONS

Meaning of “shares” and “share option” and related expressions

12.  In this Schedule—

(a) “shares” means shares (whether allotted or not) in the company, or any undertaking which is a group undertaking in relation to the company, and includes a share warrant as defined by section 779(1) of the 2006 Act; and

(b) “share option” means a right to acquire shares.