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SUN INTERNATIONAL ANNUAL REPORT ’10 Gains on the exercise of share options and grants 134 REMUNERATION REPORT CONTINUED Number of options/grants exercised Date of grant Exercise/grant price R Exercise date Market price R Gains on exercise of share options/grants R DC Coutts-Trotter Options 50 000 01.08.2003 31.555 26.11.2009 92.96 3 070 250 DBP matching award 13 210 08.09.2009 n/a 09.09.2009 79.50 1 050 195 RP Becker 63 210 4 120 445 DBP matching award 3 798 08.09.2009 n/a 09.09.2009 79.50 301 941 3 798 301 941 Top 3 Employees Options 128 214 38.18 21.04.2010 92.01 6 902 093 DBP matching award 5 296 08.09.2009 n/a 09.09.2009 79.50 421 032 Sibaya 133 510 7 323 125
Emoluments Executive directors’ remuneration The service contracts with executive directors and senior executives are terminable on six months’ notice. The company has one fixed term contract, of a 12 month duration, with one senior executive. There are no additional contracts with fixed durations. Should there be a change in control of the company, the vesting dates of all allocated awards in terms of the share plans, with the exception of the RSP, will be brought forward and the share awards will be tested in terms of the performance conditions, as at the date of the change in the control. Should the performance conditions not be met, the share awards will be forfeited. All RSP awards are immediately forfeited upon termination of employment. Paid to executive directors and the three highest paid employees by the company and fees paid to executive directors by company subsidiaries Salary R Gross R Bonus Retirement Deferred R contributions R Other benefits R Share option expense* R 2010 DC Coutts-Trotter 4 074 303 440 245 – 702 842 788 478 8 224 805 14 230 673 RP Becker 2 641 560 203 674 – 599 040 87 400 4 081 123 7 612 797 6 715 863 643 919 – 1 301 882 875 878 12 305 928 21 843 470 Top 3 Employees 5 792 679 536 456 1 834 521 1 169 594 692 127 2 695 599 12 720 976 2009 DC Coutts-Trotter 3 912 312 418 492 3 238 539 657 809 522 327 5 798 858 14 548 337 RP Becker 2 510 192 171 785 1 299 867 576 000 113 808 2 589 211 7 260 863 6 422 504 590 276 4 538 406 1 251 809 636 135 8 388 069 21 809 200 Top 3 Employees 5 472 065 652 171 3 776 929 1 145 855 877 080 2 135 841 14 059 941 * Expense recognised during the year in respect of grants calculated in terms of IFRS 2. Directors’ fees received from subsidiaries and waived in favour of their holding companies R 2010 2009 DC Coutts-Trotter 137 600 126 900 RP Becker 166 349 156 600 The remuneration of the top three highest paid employees are disclosed above, in accordance with the recommendation of King III. Total R 303 949 283 500 Non-executive directors’ remuneration Fees payable to the non-executive directors for their services as directors and for their participation in the activities of the committees are put forward to the committee by the executive directors and thereafter considered by the board of directors for submission to the annual general meeting. Executive directors do not receive fees for their services as directors. Fees are determined by financial year and are payable quarterly in arrears, after their approval by members at the annual general meeting. In the case of new appointments or resignations from the board or committees during a financial year, the annual fees are pro-rated in line with the period of tenure of office. The fees paid to non executive directors for the year under review are indicated below. REMUNERATION REPORT continued 135
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ANNUAL REPORT 2010
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ABOUT THE INTEGRATED REPORT This re
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Carnival City AFRISUN GAUTENG 85% 8
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Monticello
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KEY STRATEGIC IMPERATIVES 3. OUR CU
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Energy management Communities Publi
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Non-Executive Directors MP (MIKE) E
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KH (Kele) Mazwai (41) / GROUP HUMAN
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INTRODUCTION This past year has onc
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Morula APPRECIATION On behalf of th
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AT A GLANCE FINANCIAL HIGHLIGHTS Wi
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TRADING AND GROUP OPERATING PERFORM
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Operational overview - Casinos and
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GrandWest JOINT REPORT OF THE CHIEF
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Gaming taxes by province and countr
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DIVIDENDS 1. SHAREHOLDER DELIVERY T
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JOINT REPORT OF THE CHIEF EXECUTIVE
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The Royal Livingstone 33
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AT A GLANCE 2. PROTECT OUR BUSINESS
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By the end of February, the number
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WILD COAST SUN The local community
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Our market share South Africa Gamin
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We estimate that the group’s shar
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Carnival City 45
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OUR OBJECTIVES IN THIS SECTION: JOI
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FEEDBACK ON THE CM INITIATIVES/PROJ
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51 51
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AT A GLANCE WHAT WE ACHIEVED Final
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CAPITAL COMMITMENTS Capital commitm
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AT A GLANCE JOINT REPORT OF THE CHI
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CONCESSIONAIRES Our concessionaires
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AT A GLANCE IN THIS SECTION: JOINT
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In line with global trends for lead
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Beneficiaries of training 2010 Bene
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Training investment model JOINT REP
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JOB PROFILING Also forming part of
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Occupational hygiene and legionella
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OUR OBJECTIVES JOINT REPORT OF THE
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The table below sets out the direct
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MANAGEMENT JOINT REPORT OF THE CHIE
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Page 85 and 86: GOLDEN VALLEY CASINO & LODGE’S EN
Page 87 and 88: INCIDENTS JOINT REPORT OF THE CHIEF
Page 89 and 90: Efforts to establish the Nedbank Go
Page 91 and 92: Our property ratings Rm 2010 2009 2
Page 93 and 94: JOINT REPORT OF THE CHIEF EXECUTIVE
Page 95 and 96: AT A GLANCE JOINT REPORT OF THE CHI
Page 97 and 98: SHAWCO - This student-run NGO at th
Page 99 and 100: REGULATORY COMPLIANCE The South Afr
Page 101 and 102: OUR COMMITMENT CORPORATE GOVERNANCE
Page 103 and 104: Principle Action Outcome Independen
Page 105 and 106: The group’s governance is facilit
Page 107 and 108: The chief executive is mandated and
Page 109 and 110: Board meetings A minimum of four bo
Page 111 and 112: The audit committee is primarily re
Page 113 and 114: The committee has adopted a written
Page 115 and 116: The key risks that are identified,
Page 117 and 118: Internal control The board of direc
Page 119 and 120: The group has continued to actively
Page 121 and 122: Group 2010 2009 2008 2007 2006 2005
Page 123 and 124: Group statistics 2010 2009 2008 200
Page 125 and 126: Types of shareholders at 30 June 20
Page 127 and 128: principles of inclusivity, material
Page 129 and 130: The board and the remuneration comm
Page 131 and 132: Prior to the commencement of the re
Page 133 and 134: the travel and leisure sector that
Page 135: Share plan Date of grant Grant pric
Page 139 and 140: for the year ended 30 June NOTES TO
Page 141 and 142: The annual financial statements whi
Page 143 and 144: TO THE MEMBERS OF SUN INTERNATIONAL
Page 145 and 146: HOLDING COMPANY The company has no
Page 147 and 148: which the entity operates (the func
Page 149 and 150: elating to certain firm commitments
Page 151 and 152: expenditure represents the total co
Page 153 and 154: government and other government rel
Page 155 and 156: GROUP STATEMENTS OF FINANCIAL POSIT
Page 157 and 158: Notes GROUP STATEMENTS OF CHANGES I
Page 159 and 160: for the year ended 30 June Operatin
Page 165 and 166: 14. PROPERTY, PLANT AND EQUIPMENT (
Page 167 and 168: 15. INTANGIBLE ASSETS (continued) S
Page 169 and 170: for the year ended 30 June 18. RETI
Page 179 and 180: for the year ended 30 June 27. PROV
Page 181 and 182: for the year ended 30 June 28. CASH
Page 185 and 186: 29. FINANCIAL INSTRUMENTS (continue
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32. RELATED PARTY TRANSACTIONS Key
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32. RELATED PARTY TRANSACTIONS (con
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NOTES TO THE GROUP FINANCIAL STATEM
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COMPANY STATEMENTS OF FINANCIAL POS
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COMPANY STATEMENTS OF CHANGES IN EQ
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NOTES TO THE COMPANY FINANCIAL STAT
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Notice is hereby given that the twe
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Litigation statement The directors
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SUN INTERNATIONAL LIMITED (Incorpor
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SUN INTERNATIONAL LIMITED Incorpora
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