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Euromoney Institutional Investor PLC Annual Report and Accounts 2012 www.euromoneyplc.com Directors’ Remuneration Report continued Directors’ pensions Executive directors can participate in the Harmsworth Pension Scheme (a defined benefit scheme, closed to new directors), the Euromoney Pension Plan (a money purchase plan) or their own private pension scheme. Pension contributions paid by the company on behalf of executive directors during the year were as follows: Harmsworth Pension Scheme 2012 £ Euromoney Pension Plan 2012 £ Private schemes 2012 £ Total 2012 £ Total 2011 £ PM Fallon (died October 14 2012) – – – – – PR Ensor – – – – – NF Osborn – 9,399 – 9,399 9,237 DC Cohen 2 7,928 – – 7,928 15,872 CR Jones 2 12,375 – – 12,375 34,418 SM Brady (resigned November 15 2010) – – – – 1,148 DE Alfano – – 3,938 3,938 3,383 CHC Fordham – 15,130 – 15,130 14,630 JL Wilkinson – 14,982 – 14,982 12,221 B AL-Rehany – – 7,173 7,173 7,043 20,303 39,511 11,111 70,925 97,952 Under the Harmsworth Pension Scheme, the following pension benefits were earned by the directors: Increase in accrued annual pension during the year £ Accrued annual pension at September 30 2012 £ Pension cash accrual September 30 2012 £ Transfer value September 30 2012 £ Transfer value September 30 2011 £ Increase in transfer value (net of directors’ contributions) £ Director PM Fallon (died October 14 2012) 1 1,000 12,000 – 208,000 202,000 6,000 DC Cohen 2 1,500 31,300 49,100 621,000 548,000 73,000 CR Jones 2 1,900 43,400 63,700 771,000 691,000 80,000 The accrued annual pension entitlement is that which would be paid annually on retirement based on service to September 30 2012 and ignores any increase for future inflation. The pension cash accrual represents the sum which would be available on retirement based on service to September 30 2012 to secure retirement benefits, ignoring any increase for future inflation. All transfer values have been calculated on the basis of actuarial advice in accordance with ‘Retirement Benefit – Transfer Values (GN11)’ published by the Board for Actuarial Standards. The transfer values of the accrued entitlement include the pension cash accrual and represent the value of assets that the pension scheme would need to transfer to another pension provider on transferring the scheme’s liability in respect of the directors’ pension benefits. They do not represent a sum paid or payable to individual directors and, therefore, cannot be added meaningfully to annual remuneration. The pension cash accrual has been included in the increase in transfer value (net of directors’ contributions). Members of the scheme have the option of paying additional voluntary contributions. Neither the contributions nor the resulting benefits are included in the above table. The normal retirement age for the Harmsworth Pension Scheme is 62 years. 1. PM Fallon’s pension benefits related to a deferred pension in the Mail Newspapers Pension Scheme for pensionable service between April 1 1978 and April 1 1986, after which no further contributions were made to this scheme by the company or PM Fallon. 2. Company contributions to the Harmsworth Pension Scheme on behalf of DC Cohen and CR Jones were made until March 31 2012. From April 1 2012, these directors received a cash allowance in lieu of company pension contributions. 48
Euromoney Institutional Investor PLC Annual Report and Accounts 2012 www.euromoneyplc.com Directors’ share options The directors hold options to subscribe for new ordinary shares of 0.25 pence each in the company as follows: At start of year Granted/ trued up during year Exercised during year At end of year Exercise price Date from which exercisable PM Fallon (died October 14 2012) 5,133 – (5,133) – § £1.87 exercised Aug 01 12 PR Ensor 5,133 – (5,133) – § £1.87 exercised Aug 01 12 – 1,810 – 1,810 * £4.97 Feb 01 15 Aug 01 15 5,133 1,810 (5,133) 1,810 NF Osborn 5,133 – (5,133) – § £1.87 exercised Aug 01 12 3,430 (3,430) – – ^ £0.0025 Feb 14 13 Sept 30 20 4,972 (673) – 4,299 † £6.03 Jun 28 13 Feb 14 20 – 673 – 673 † £6.03 Feb 13 14 Feb 14 20 8,401 (4,775) – 3,626 ^ £0.0025 Feb 13 14 Sept 30 20 – 1,810 – 1,810 * £4.97 Feb 01 15 Aug 01 15 21,936 (6,395) (5,133) 10,408 DC Cohen 10,000 – (10,000) – £2.59 exercised Dec 04 12 5,000 – – 5,000 £4.19 now Jan 28 14 7,969 – (7,969) – ‡ £0.0025 exercised Sept 30 14 – 15,896 – 15,896 ‡ £0.0025 Feb 14 13 Sept 30 14 11,286 (4,100) – 7,186 ^ £0.0025 Feb 14 13 Sept 30 20 3,454 – – 3,454 † £6.03 Jun 28 13 Feb 14 20 14,740 (4,101) – 10,639 ^ £0.0025 Feb 13 14 Sept 30 20 – 1,810 – 1,810 * £4.97 Feb 01 15 Aug 01 15 52,449 9,505 (17,969) 43,985 CR Jones 20,000 – (20,000) – £2.59 exercised Dec 04 12 15,000 – – 15,000 £4.19 now Jan 28 14 5,133 – (5,133) – § £1.87 exercised Aug 01 12 23,162 (1,629) – 21,533 ^ £0.0025 Feb 14 13 Sept 30 20 4,972 – – 4,972 † £6.03 Jun 28 13 Feb 14 20 28,134 (1,630) – 26,504 ^ £0.0025 Feb 13 14 Sep 30 20 96,401 (3,259) (25,133) 68,009 DE Alfano 10,000 – (10,000) – £4.19 exercised Jan 28 14 – 128 (128) – ‡ £0.0025 exercised Sept 30 14 9,435 363 – 9,798 ^ £0.0025 Feb 14 13 Sept 30 20 9,434 364 – 9,798 ^ £0.0025 Feb 13 14 Sept 30 20 28,869 855 (10,128) 19,596 CHC Fordham 5,133 – (5,133) – § £1.87 exercised Aug 01 12 1,480 – (1,480) – ‡ £0.0025 exercised Sept 30 14 – 621 – 621 ‡ £0.0025 Feb 14 13 Sept 30 14 19,612 5,338 – 24,950 ^ £0.0025 Feb 14 13 Sept 30 20 4,972 – – 4,972 † £6.03 Jun 28 13 Feb 14 20 24,584 5,337 – 29,921 ^ £0.0025 Feb 13 14 Sept 30 20 55,781 11,296 (6,613) 60,464 JL Wilkinson 15,013 (2,598) – 12,415 ^ £0.0025 Feb 14 13 Sept 30 20 4,972 – – 4,972 † £6.03 Jun 28 13 Feb 14 20 19,984 (2,597) – 17,387 ^ £0.0025 Feb 13 14 Sept 30 20 39,969 (5,195) – 34,774 Expiry date Directors’ Remuneration Report Company Accounts Group Accounts Our Governance Our Performance 49
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