Performance Graph
The graph shows a comparison of the
total shareholder return from the
Company’s shares for each of the last five
financial years against the total shareholder
return for the companies comprising the
FTSE All Share, the FTSE All Share
Support Services sector and the
comparator group.The Remuneration
Committee has selected these
benchmarks as they provide a good
indication of the Company’s general
performance.
Directors’ emoluments
and compensation
The following disclosures on Directors’
remuneration and share incentives have
been audited as required by part 3 of
Schedule 7A of the Companies Act 1985.
The following table sets out details of the
emoluments and compensation received
during the year by each Director.
Share awards
The tables on pages 63 and 64 set out
details of the audited share options and
LTIPs held by each Director during the
year. A description of the terms and
conditions of the scheme are held on
pages 53-54.
All share options comply with ABI headroom guidelines.
Pensions
The Executive Directors of the Company
earned pensions benefits in a company
money purchase (defined contribution)
scheme apart from Phil Williams whose
pension benefits are in a Group Personal
Pension plan (defined contribution) during
the year.
At the Annual General Meeting of the Company to be held on 22 May 2008, a resolution approving this report is to be proposed as an advisory Ordinary Resolution.
Long-term incentives
The following table and paragraphs summarise the operation of the Company’s LTIP:
Emoluments excluding pensions |
Pension (paid and provided) |
||||||||
| Basic Salary |
Bonus |
Fees |
Benefits |
2007 |
2006 |
2007 |
2006 |
||
£000s |
£000s |
£000s |
£000s |
£000s |
£000s |
£000s |
£000s |
||
| Executive: | |||||||||
| Alan Hearne | 365 |
312 |
– |
19 |
696 |
587 |
– |
308 |
|
| Gary Young | 180 |
111 |
– |
10 |
301 |
265 |
27 |
26 |
|
| Andrew Troup | 195 |
27 |
– |
10 |
232 |
287 |
29 |
28 |
|
| Peter Dowen | 220 |
113 |
– |
10 |
343 |
325 |
33 |
32 |
|
| Phil Williams | 220 |
150 |
– |
12 |
382 |
285 |
33 |
29 |
|
| Non-Executive: | |||||||||
| Brook Land | – |
– |
87 |
– |
87 |
72 |
– |
– |
|
| Roger Devlin | – |
– |
32 |
– |
32 |
27 |
– |
– |
|
| Karen McPherson | – |
– |
32 |
– |
32 |
27 |
– |
– |
|
| John Bennett (appointed 01/06/06) | – |
– |
32 |
– |
32 |
16 |
– |
– |
|
| Total 2007 | 1180 |
713 |
183 |
61 |
2137 |
– |
122 |
– |
|
| Total 2006 | 1085 |
609 |
139 |
55 |
– |
1888 |
– |
423 |
|
| The total Directors’ emoluments were £2,137,000 (2006: £1,888,000) excluding pension contributions. | |||||||||
This report was approved by the Board on 5 March 2008.
Signed on behalf of the Board
Karen McPherson
Chairman of the Remuneration
Committee
5 March 2008