47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 92
A.G. BARR p.l.c. Annual Report and Accounts 2025
D I R E C TO R S ’
R E M U N E R ATI O N R E P O R T
CO N TI N U ED
The figures in the single figure table on the previous page are derived from the following:
(a) Salary and fees
The amount of salary/fees received in the year. A salary sacrifice arrangement is operated by the Company. Employees who
join this arrangement no longer pay contributions to the pension scheme but receive a lower taxable salary. Directors’ salaries
are shown gross of any salary sacrifice pension contributions.
(b) Benefits
The value of benefits received in the year. These include travel costs paid, car allowances, fuel benefits, private medical
insurance, healthcare cash plan, flex-cash, the value of SAYE options vesting in the year, AESOP free and matching shares
awarded in the year, and a one-off lump sum relocation allowance.
SAYE: option shares are valued at the market price at the date of vesting less the option exercise price.
AESOP: free and matching shares are valued at market value at the date of award.
Details of the executive directors’ interests in the SAYE are set out on page 108.
(c) Bonus
A description of the annual bonus in respect of the year, and the Group and personal performance against which the bonus
pay-out was determined is provided on pages 92 to 93.
(d) Long term incentives
The value of LTIP awards that vest in respect of the year.
(e) Pension
The pension figure includes:
• pension cash alternatives equal to the executive directors’ contractual pension provision; and
• details of the entitlements accruing for individuals in the A.G. BARR p.l.c. (2008) Pension and Life Assurance Scheme
(the ‘2008 Scheme’) defined benefit section.
Details of the executive directors’ interests in the LTIP are set out on page 107.
Further details of pension benefits are set out on pages 96 to 97.
Individual elements of remuneration
Base salary and fees
Base salaries for individual executive directors for the year ended 25 January 2025 and for the following year are set out in the table below:
Base salary for year ended
25 January 2025
£000
Base salary for year ending
31 January 2026
£000
Euan Sutherland
650
666
3.0%
Stuart Lorimer^^
367
420
16.3%
Roger White*
517
–
–
Jonathan Kemp**
280
–
–
Executive director
^
^^
*
**
90
Increase effective from 1 April 2025.
Details of Stuart Lorimer’s increase are set out in the Chair’s statement.
Roger White resigned from the Board on 30 April 2024.
Jonathan Kemp resigned from the Board on 31 May 2024.
Increase^
%
