Savings Related Share Option Scheme 2003
October 07 2003 - 10:20AM
UK Regulatory
7 October 2003
Gallaher Group Plc
Savings Related Share Option Scheme 2003
Gallaher is again offering to employees in the UK (and a number of other
countries) the opportunity to participate in a Savings Related Share Option
Scheme (the "Scheme").
Four Executive Directors have applied to participate in this 2003 Scheme, each
with a monthly contribution of �250 and at an option price of �4.43. Options
have been granted to those directors, as follows:
Name Number of Term of Monthly Vesting Between
Shares Contract Contribution
Dunlop N W B D 3,577 5 �250 1 Dec 08 & 31 May 09
England, N M 2,082 3 �250 1 Dec 06 & 31 May 07
Northridge, N H 3,577 5 �250 1 Dec 08 & 31 May 09
Rolfe, M E 3,786 7 �250 1 Dec 10 & 31 May 11
Prior to applying to participate in the 2003 Scheme, Messrs England, Northridge
and Rolfe cancelled their participation in Gallaher's 2002 Scheme, which had an
option price of �5.59.
END