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Annual Report & Accounts 2014 - NOTES
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21 Related paRties 21.1 identity of Related parties the group has a related party relationship with its subsidiaries (see note 22), with its Directors and executive officers and under the Aim rules with east pioneer corporation B.V (see note 24.7). 21.2 transactions with directors and Key management personnel nigel Blythe-tinker is the executive chairman of pentasia Limited, a leading recruiter in the field of internet gaming. pentasia did not provides services to the group during the year ended 31 December 2014 (2013: €15,000). he stepped down from the board on 17 January 2014. karl Diacono is the chief executive officer of Fenlex corporate services Limited, a corporate service provider incorporated in malta. During the year ended 31 December 2014, Fenlex received €45,979 from the group in relation to company secretarial matters arising in malta (2013: €49,968). Richard cooper received dividends during the year of €917 (2013: €350). the wife of Richard cooper received dividends during the year of €171,417 (2013: €59,850) in respect of her interest in the ordinary share capital of the group. Lee Feldman received dividends during the year of €67,416 (2013: €23,786) in respect of his beneficial interest in the ordinary share capital of the group. Lee Feldman is the managing partner of twin Lakes capital, a private equity firm based in new york. During the year ended 31 December 2014, twin Lakes capital received €31,435 (2013: €59,209) in relation to office services. kenneth Alexander received dividends during the year of €47,850 (2013: €nil). the wife of kenneth Alexander received dividends during the year of €172,333 (2013: €106,003) in respect of her interest in the ordinary share capital of the group. 21.2 transactions with directors and Key management personnel Details of the remuneration of key management are detailed below: 2014 2013 €000's €000's short term employee benefits (Directors) 6,719 4,468 short term employee benefits (key management) 1,934 2,447 post employment benefits - - other long term benefits - - termination benefits - - share based payments 470 348 9,123 7,263 Details of Directors' remuneration is given in the Report of the Remuneration committee on page 63. 22. GRoup entities ownership interest significant subsidiaries country of incorporation 2014 2013 gVc services B.V.* netherlands Antilles 100% 100% intera n.V. netherlands Antilles 100% 100% gVc sports B.V. netherlands Antilles 100% 100% gaming Vc corporation Limited malta 100% 100% gVc Administration services Limited england and Wales 100% 100% sportingbet Limited england and Wales 100% 100% interactive sports (c.i.) Limited Alderney 100% 100% sportingbet (management services) Limited england and Wales 100% 100% sportingbet (it services) Limited england and Wales 100% 100% sportingbet (product services) Limited england and Wales 100% 100% sporting odds Limited england and Wales 100% 100% headlong Limited malta 100% 100% * also has a branch registered in Israel ANNUAL REPORT 2014 58 notes to the consolidated financial statements continued for the year ended 31 december 2014