Shaftesbury AR 2017 LR
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GOVERNANCE ANNUAL REMUNERATION REPORT <strong>Shaftesbury</strong> Annual Report <strong>2017</strong><br />
3. SH<strong>AR</strong>ESAVE<br />
Options are granted at a 20% discount to the market price on date of grant up to the maximum monthly savings amount permitted by HMRC over three or five years.<br />
NUMBER OF ORDIN<strong>AR</strong>Y SH<strong>AR</strong>ES UNDER OPTION<br />
DATE<br />
OF GRANT<br />
AT<br />
1.10.2016<br />
GRANTED<br />
DURING<br />
YE<strong>AR</strong><br />
LAPSED<br />
DURING<br />
YE<strong>AR</strong><br />
EXERCISED<br />
DURING<br />
YE<strong>AR</strong><br />
AT<br />
30.9.<strong>2017</strong><br />
OPTION<br />
PRICE<br />
£<br />
M<strong>AR</strong>KET VALUE<br />
OF SH<strong>AR</strong>E ON<br />
DATE OF<br />
EXERCISE<br />
£<br />
EXERCISE<br />
PERIOD<br />
B BICKELL 2.7.2014 2,788 - - - 2,788 5.38 - 8.2019-1.2020<br />
1.7.2016 2,024 - - - 2,024 7.41 - 8.2021-1.2022<br />
4,812 - - - 4,812<br />
S J QUAYLE 2.7.2014 2,788 - - - 2,788 5.38 - 8.2019-1.2020<br />
1.7.2016 2,024 - - - 2,024 7.41 - 8.2021-1.2022<br />
4,812 - - - 4,812<br />
T J C WELTON 2.7.2014 2,788 - - - 2,788 5.38 - 8.2019-1.2020<br />
1.7.2016 2,024 - - - 2,024 7.41 - 8.2021-1.2022<br />
4,812 - - - 4,812<br />
C P A W<strong>AR</strong>D 5.7.2012 3,759 - - 3,759 - 3.99 9.81 8.<strong>2017</strong>-1.2018<br />
2.7.2014 2,788 - - - 2,788 5.38 - 8.2019-1.2020<br />
30.6.<strong>2017</strong> - 1,162 - - 1,162 7.74 - 8.2020-1.2021<br />
6,547 1,162 - 3,759 3,950<br />
Percentage change in Chief Executive remuneration compared to average percentage<br />
change in remuneration for all other employees<br />
CHIEF EXECUTIVE OTHER EMPLOYEES<br />
CHANGE<br />
CHANGE<br />
Base salary 1.2% 3.3%<br />
RELATIVE IMPORTANCE OF SPEND ON PAY<br />
£44.6m<br />
£41.2m<br />
Taxable benefits 0.6% 3.0%<br />
Annual bonus (7.4)% 0.4%<br />
TOTAL (2.8)% 2.1%<br />
The analysis for other employees is based on a like-for-like group of<br />
employees, i.e. the same individuals appear in the 2016 and <strong>2017</strong><br />
figures and the 2016 comparatives have been restated on that basis.<br />
£9.9m<br />
£10.7m<br />
<strong>2017</strong> 2016<br />
Employee costs<br />
Dividends<br />
99
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