Unaudited Annual Report on Remuneration
Single Total Figure of Remuneration The tables below detail the total remuneration earned by each Director in respect of the financial years ended 27 June 2015 and 28 June 2014: Taxable
2015
Chairman P Baker
Executive Directors J G Duffy S A Boyd
Non-Executive Directors E J Beale
R Duignan P J Monk
Salaries/fees benefits £000
75
334 211
£000 £000 £000 £000 £000 -
12 12
- -
334 211
- 25
240 240
50 -
- -
-
Annual bonus
Other
Long-term Total incentives
Pension remuneration £000
-
- -
- 100
920 674
45----- 45 50
785 2014
Chairman M W Lightbody
Executive Directors J G Duffy S A Boyd D C Currie
Non-Executive Directors E J Beale
R Duignan
I R Farnsworth D C Marshall P J Monk
70----- 70 24
545
Salaries/fees benefits £000
Taxable £000 £000 £000 £000 £000
Annual bonus
555 Other - - 1,909
Long-term Total incentives
Pension remuneration £000
100----- 100
304 192
12 12
328 208
- -
- -
22 15
33---- 1
666 427 34
835
45----- 45 48----- 48 3----- 3 40----- 40 70----- 70 24
536 - - 38 1,433
1. Martin Lightbody resigned as Chairman and Director on 30 June 2014, and Peter Baker was appointed as Chairman on 1 July 2014. 2. Crawford Currie stepped down as a Director on 30 November 2013. 3. Ian Farnsworth stepped down as a Director on 15 July 2013. 4. David Marshall stepped down as a Director on 30 June 2014. 5. On 16 July 2013 J G Duffy exchanged 1,149,000 vested unapproved options in return for 361,804 shares and the settlement of taxes amounting to £198,000 arising on the issue of the shares. This exchange resulted in no cash benefit to J G Duffy and no monetary value is therefore included in the above table.
6. “Other” relates to payments awarded to the Executive Directors for the successful execution of the Genius and Fletcher acquisitions and fees for the additional time commitment provided by Mr P Baker and Mr R Duignan in respect of their support on these transactions.
7. Cash paid in lieu of pension was incorporated into salary from 1 April 2014. 8. Salaries and fees included consultancy fees paid to Mr P J Monk amounting to £30,000 in both years.
100
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