kAThMANdu  annual report 2012 77 ShARE dEALINGS BY dIRECTORS In accordance with Section 148(2) of the Companies act 1993, the Board has received disclosures from the directors named  below of acquisitions or disposals of relevant interests in the Company between 1 august 2011 and 31 July 2012, the details of  those dealings were entered in the Company’s interests register. the particulars of such disclosures are: Director nature of Interest Shares Acquired Consideration Date Peter Halkett Beneficial 30,000 NZD 1.64 22/12/2011 James Strong Beneficial 160,428 AUD 1.70 23/11/2011 SuBSIdIARY COMPANY dIRECTORS Section 211(2) of the Companies act 1993 requires the Company to disclose, in relation to its subsidiaries, the total remuneration  and value of other benefits received by directors and former directors, and particulars of entries in the interests registers made  during the year ended 31 July 2012. no subsidiary has directors who are not full-time employees of the Group. the remuneration and other benefits of such employees (received as employees) totalling $100,000 or more during the  year ended 31 July 2012, are included in the relevant bandings for remuneration disclosed at the beginning of the “Statutory  Information” section of this annual report. no employee of the Group appointed as a director of Kathmandu holdings limited or its subsidiaries receives or retains any  remuneration or other benefits in their capacity as a director. the persons who held office as directors of subsidiary companies at 31 July 2012, and those who ceased to hold office during the  year ended 31 July 2011, are as follows: Milford Group holdings Limited  peter halkett, Mark todd kathmandu Limited  peter halkett, Mark todd  kathmandu Pty Limited  peter halkett, Mark todd, paul Stern (Matthew Spencer ceased to hold office in the year ending 31 July 2012) kathmandu (u.k.) Limited  peter halkett, Mark todd