ANALYSIS: Chairman of C&C, Mr Tony O'Brien, has the biggest shareholding of the group's executives, with 0.8 per cent of the shares. At a price of €3 per share, his stake is valued at €8.8 million. The chairman is expected to retain the bulk of his shares after the flotation. Mr O'Brien will also receive an annual salary of €345,000 from the company.

Mr Brendan McGuinness, managing director of C&C's alcohol division, has a shareholding that at €3 a share could be worth €5.5 million. Under the company's share option scheme, Mr McGuinness also stands to gain a further €720,000.

Chief executive Mr Maurice Pratt, who joined the company in 2001, has been allotted 0.4 per cent of the company's shares with a value of €4.4 million. He will also benefit from share options with the potential to realise a further €2.25 million. Mr Pratt is paid a basic salary of €500,000 and is entitled to an annual bonus of up to 50 per cent of his salary which is guaranteed in the current year. After August 2002, under a long-term incentive plan, he will be entitled to a bonus of up to 40 per cent of basic salary over three years.

Finance director Mr Brendan Dwan will also own shares worth €4.4 million based on this valuation. His share options are worth €670,000. Another executive, strategy and development director Mr James Muldowney, will hold shares worth €2.2 million.

The group has also appointed four new non-executive directors to join the board. They are former CRH chief executive, Mr Don Godson, Mr Richard Holroyd, an adviser to Campbell Soup Europe, Mr Billy McCann, former managing partner of Price Waterhouse and Ms Breege O'Donoghue, an executive director of Penneys Primark stores in Ireland. Mr McCann will be paid €52,000 annually in fees as a director and as chairman of C&C's audit committee. The other directors will receive an annual fee of €45,000.