Chairman’s and non-executive directors’ single figure table (audited)
The following table summarises the total fees and benefits paid to the Chairman and non-executive
directors in respect of the financial years ending 31 December 2014 and 31 December 2013.
All of the performance measures are defined in such a manner to allow the Committee
discretion to make further adjustments to the definitions as it determines is fair and
reasonable. The performance targets that apply to the 2014 PSP awards are as follows:
The following grants were approved and made in 2014:
EPS growth
Relative TSR
Organic revenue
growth
Level of vesting
Threshold
6% p.a.
Median
2.7%
25%
Maximum
15% p.a.
Upper quartile
8%
100%
Weighting
50%
25%
25%
-
PSP shares awarded Value on date of award
1
(£000)
Award as a percentage
of salary
M W Selway
2
75,950
1,114
149%
D M Hurt
29,300
430
100%
R M Twite
29,300
430
100%
1
The three day average mid-market price on the date of award was 1,467.00 pence.
2
As part of Mark Selway’s appointment the Committee agreed to make an aggregate long-
term incentive award in 2014 worth 200% of salary. As such, he received a PSP award
worth 149% of salary and an SMP award worth 51% of salary.
1
Appointed Audit Committee Chairman May 2013 (stood down 31 December 2014)
2
Appointed senior independent director May 2013 (standing down at conclusion of 2015 AGM)
3
Appointed 1 October 2014 and became Audit Committee Chair on 1 January 2015
Director
2014 (£000)
2013 (£000)
Base Fees
Additional Fees
Total
Base Fees
Additional Fees
Total
R Quarta
300
-
300
250
-
250
P Bentley
1
60
15
75
55
10
65
C P Forster
60
-
60
55
-
55
A M Frew
2
60
10
70
55
3
58
B Nørgaard
60
-
60
55
-
55
R J Stack
60
15
75
55
15
70
R McInnes
3
15
-
15
-
-
-
77
Strategic Review
Performance Review
Corporate Governance
Financial Statements
Introduction
Annual Report and Accounts 2014
