Notes to the Financial Statements 105 (d) Equity instrument disclosures relating to key management personnel Share holdings The number of shares in the Company held during the financial year by each Director of Kingsgate and each of the other Key Management Personnel of the  Group, including their personally-related entities are set out as follows: Notes t o the Financial Statements Balance at start of year Received during year on  exercise of  options Other changes during  the year Balance at year end 2013 Directors Ross Smyth-Kirk 4,586,271 – – 4,586,271 Peter McAleer 100,000 – – 100,000 Craig Carracher 100,000 – 10,000 110,000 Peter Alexander 36,525 – – 36,525 Gavin Thomas 1,0 47,9 37 – – 1,0 47,9 37 Other Key Management Personnel Duane Woodbury – – – – Tim Benfield – – – – Phil MacIntyre 200,000 – (200,000) – Ron James – – – – Ross Coyle 39,049 – (24,622) 14,427 Joel Forwood – – – – Brett Dunstone  – – – – 2012 Directors Ross Smyth-Kirk 4,586,271 – – 4,586,271 Peter McAleer 100,000 – – 100,000 Craig Carracher 100,000 – – 100,000 Peter Alexander 36,525 – – 36,525 Gavin Thomas 3,114,982 – (2,067,045) 1,0 47,9 37 Other Key Management Personnel Duane Woodbury – – – – Tim Benfield – – – – Phil MacIntyre 150,000 50,000 – 200,000 Ron James – – – – Ross Coyle 38,232 – 817 39,049 Joel Forwood – – – – continued