Strategic Report
Corporate Governance
Financial Statements Directors’ Remuneration Report (unaudited)/Continued
Finsbury Food Group Annual Report and Accounts 2020
55
Chairman and Non-Executive Director Fees Details of Chairman and Non-Executive Directors’ fees for 2019-20 are as set out below:
Chairman fee £85,000
Non-Executive Director fee
£50,000
Chairman of the Remuneration Committee
£5,000
Member of the Remuneration Committee
£2,500
Chairman of the Audit Committee
£5,000
Member of the Audit Committee
£2,500
As noted in the single figure table on page 53, the Non-Executive Directors elected to take a 30% salary reduction between 1 April 2020 and 30 June 2020. This reduced the salary costs of the Group during this period and are not reflected in the table above.
Payments for Loss of Office Made During the Year No payments for loss of office were made in the year to any Director of the Company.
Statement of Directors’ Shareholding and Share Interests The interests of the Directors and their immediate families in the Company’s ordinary shares as at 27 June 2020 and 29 June 2019 were as follows:
27 June 2020
Executive Directors J G Duffy S A Boyd
Non-Executive Directors P Baker
R Beveridge R P E Duignan M J Millard Z Morgan
The current personal shareholdings of J G Duffy and S A Boyd equate to circa 3.4 and 1.5 times salary respectively.
The interests of the Directors and their immediate families in the Company’s ordinary shares did not change between 27 June 2020 and the date these accounts were signed on 18 September 2020. The interests of each Executive Director of the Company as at 27 June 2020 and 29 June 2019 in the Company’s share schemes were as follows:
Executive Director J G Duffy J G Duffy J G Duffy J G Duffy J G Duffy J G Duffy S A Boyd S A Boyd S A Boyd S A Boyd S A Boyd S A Boyd
Date of grant
26/06/2015 04/12/2015 26/10/2017 26/10/2017 21/01/2019 28/10/2019 26/06/2015 04/12/2015 26/10/2017 26/10/2017 21/01/2019 28/10/2019
Number of options 29 June 2019
1,108,881 655,614 410,423 27,777
344,262 -
702,825 476,364 287,492 27,777
241,147 -
4,282,562
Granted - - - - -
1,174,090 - - - - -
833,380 2,007,470 Exercised
(1,108,881) - - - - -
(702,825) - - - - -
(1,811,706)
Lapsed - -
(410,423) (27,777) - - - -
(287,492) (27,777) - -
(753,469)
Number of options 27 June 2020
-
655,614 - -
344,262
1,174,090 -
476,364 - -
241,147 833,380
3,724,857 29 June 2019
2,443,679 1,095,543
96,817 14,000 -
9,366 70,028
2,443,679 1,095,543
96,817 14,000 -
9,366 70,028
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