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Prior
to the date of their appointment to the Board on 19
November 2001, Pierre Danon and Paul Reynolds each had
interest free loans from the company to assist with
re-location of £375,000 and £300,000, respectively.
At 31 March 2003, Pierre Danon owed £281,250 (2002
– £318,750) and Paul Reynolds owed £290,000
(2002 – £300,000). During the 2003 financial
year, the maximum amount outstanding was £571,250.
There are no outstanding loans granted by any member
of the BT group to any other of the directors or guarantees
provided by any member of the BT group for their benefit.
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