20645_Scapa_AR_160504

DIRECTORS’ ANNUAL REMUNERATION REPORT CONTINUED
DIRECTORS’ SHAREHOLDINGS AND INTERESTS IN SHARES
The following table sets out the shareholdings and beneficial interests of the Directors and their connected persons in Scapa’s shares
as at 31 March 2016:
31 March 2016 31 March 2015
Shares SAYE Performance Share Plan Shares SAYE Performance Share Plan
H R Chae 941,803 2015/16 5,660 2009/10 400,000 536,835 – 2009/10 400,000
2010/11 – 2010/11 –
2011/12 – 2011/12 –
2012/13 – 2012/13 1,000,000
2013/14 425,000 2013/14 425,000
2014/15 336,364 2014/15 336,364
2015/16 192,683
P Edwards 597,719 2015/16 5,660 2010/11 – 296,679 – 2010/11 –
2011/12 – 2011/12 –
2012/13 – 2012/13 570,543
2013/14 262,500 2013/14 262,500
2014/15 207,273 2014/15 207,273
2015/16 117,907
G S Hardcastle 1 – 2015/16 – 2015/16 – – – – –
J A S Wallace 870,000 870,000
R J Perry 300,000 350,000
M C Buzzacott 250,000 250,000
M T Sawkins 30,000 30,000
2,989,522 11,320 1,941,727 2,333,514 – 3,201,680
1
Appointed as a Director 1 February 2016.
LOSS OF OFFICE PAYMENTS
Loss of office payments are made in line with a Director’s individual service contract. No loss of office payments were made during the year.
No payments have been made to the Directors that are not included in the single figure of remuneration set out previously.
MOVEMENTS IN SHARE PRICE DURING THE YEAR
The mid-market price of the Company’s shares at the end of the financial year was 215p and the range of mid-market prices during the year
was between 139.9p and 219.1p.
ADVICE RECEIVED BY THE COMMITTEE
The Committee has access to advice when it considers appropriate. In the year ended 31 March 2016, the Committee received material
assistance and advice from the Group HR Director and the Company Secretary. The Committee also received executive remuneration market
data from [KPMG LLP], [Towers Watson Data Services] and [Deloitte LLP] [CD TO CONFIRM], who were paid £[XX] , £[XX] and £[XX]
respectively for the data provided.
STATEMENT OF IMPLEMENTATION OF REMUNERATION POLICY IN THE FOLLOWING FINANCIAL YEAR
Components of remuneration
Effective from 1 January 2016, the salary of the Chief Executive is £402,900 and will be reviewed with effect from 1 January 2017.
The salary of Paul Edwards is £241,710 with effect from 1 June 2015. Mr Edwards retired from the Board on 30 April 2016. He will be entitled
to receive an annual bonus in respect of financial year ending 31 March 2016 at the rate of 100% of salary, which will be paid in June 2016.
Mr Edwards will also be entitled to exercise awards made under the PSP in 2013, to the extent they vest in July 2016. All other awards under
the PSP and SAYE will lapse the date he ceases to be employed by the Company and he will not be entitled to participate in the FY2017
bonus scheme.
62
SCAPA GROUP PLC ANNUAL REPORT AND ACCOUNTS 2016