- Part 8: For the preceding part double click ID:nRSN1233Xg
markets,
which are
either
directly
or
indirectly
observable
as of the
reporting
date, and
fair value
is
determined
through
the use of
models or
other
valuation
methodolog
ies.
Level III
- Inputs
are
unobservab
le for the
investment
and
include
situations
where
there is
little, if
any,
market
activity
for the
investment
. The
inputs
into the
determinat
ion of
fair value
require
significan
t
management
judgment
or
estimation
.
The
investment
s held by
the
Company
fall
within
Level 1 as
they are
valued by
unadjusted
quoted
prices.
NOTES TO
THE
FINANCIAL
STATEMENTS
(Continued
)FOR THE
YEAR ENDED
30 JUNE
2014
12.
DIRECTORS'
REMUNERATI
ON
2014
Directors'
fees £ P J
Richardson
11,375 D R
King
15,000 M
Bradlow
20,750
47,125
2013
Directors'
fees £ P J
Richardson
18,750 D R
King
15,220 G
Walsh
(Chairman)
12,500 T P
O'Gorman
12,500 M
Bradlow
37,500
96,470
During the
year Mr
Peter
Richardson
, a
director
of the
Company,
has sold
200,000
ordinary
shares
which were
subsequent
ly
purchased
by Godrevy
Holdings
Limited,
Mr
Richardson
's
personal
investment
company.
Each of
these
transactio
ns
completed
on 10
April 2014
at a price
of 17.5
pence per