BISICHI MINING PLC ANNUAL REPORT 2017

Governance Annual remuneration report
Remuneration of the Managing Director over the last ten years
The table below demonstrates the remuneration of the holder of the office of Managing Director for the last ten years for the period from 1 January
2008 to 31 December 2017.
Year
Managing
Director
Managing
Director
Single total
figure of
remuneration
£’000
Annual
bonus
payout
against
maximum
opportunity*
%
Long-term
incentive
vesting rates
against
maximum
opportunity*
%
2017 A R Heller 898 25% N/A
2016 A R Heller 850 22% N/A
2015 A R Heller 912 22% N/A
2014 A R Heller 862 22% N/A
2013 A R Heller 614 N/A N/A
2012 A R Heller 721 N/A N/A
2011 A R Heller 626 N/A N/A
2010 A R Heller 568 N/A N/A
2009 A R Heller 817 N/A N/A
2008 A R Heller 961 N/A N/A
Bisichi Mining PLC does not have a Chief Executive so the table includes the equivalent information for the Managing Director.
*There were no formal criteria or conditions to apply in determining the amount of bonus payable or the number of shares to be issued prior to 2014.
Percentage change in remuneration of director undertaking role of Managing Director
Managing Director
£’000
UK based employees
£’000
2017 2016 % change 2017 2016 % change
Base salary 450 450 0% 208 208 0%
Benefits 66 68 (3.03%) 14 14 0%
Bonuses 350 300 16.67% 125 100 25%
Bisichi Mining PLC does not have a Chief Executive so the table includes the equivalent information for the Managing Director.
The comparator group chosen is all UK based employees as the remuneration committee believe this provides the most accurate comparison of
underlying increases based on similar annual bonus performances utilised by the group.
Relative importance of spend on pay
The total expenditure of the group on remuneration to all employees (see Notes 28 and 8 to the financial statements) is shown below:
Employee remuneration 6,396 5,321
Distribution to shareholders 534 427
2017
£’000
2016
£’000
Bisichi Mining PLC
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