47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 93
Strategic Report
Corporate Governance
Accounts
Details of non-executive directors’ fees for the year ended 25 January 2025 and for the following year are set out in the table below:
Non-executive director fee
Year ended
25 January 2025
£000
Year ending
31 January 2026
£000
Increase^
%
Chair of the Company
172
204
21.4%
Basic fee
55
57
3.0%
Additional fee for chairing Audit Committee
8
10
25.0%
Additional fee for chairing Remuneration Committee
8
10
25.0%
Additional fee for chairing ESG Committee
2
5
150.0%
Additional fee for Senior Independent Director
2
9
400.0%
^
Increase effective from 1 April 2025.
Benefits – audited information
The benefits figure for each of the executive directors is detailed as follows:
Year ended 25 January 2025
Relocation
allowance
£000
Travel costs
£000
Car and fuel
benefit
£000
SAYE
£000
Other^
£000
AESOP Awards
£000
Total
£000
130
13
18
–
2
–
163
Stuart Lorimer
–
–
13
5
1
1
20
Roger White**
–
–
10
5
1
–
16
Executive director
Euan Sutherland*
Jonathan Kemp***
Total
^
*
**
***
–
–
5
6
1
–
12
130
13
46
16
5
1
211
Other costs include private medical insurance (‘PMI’), healthcare cash plan and flex-cash as they are below £1,000 separately, except for Euan Sutherland’s PMI which was £1,854 for the period.
Euan Sutherland was appointed to the Board on 1 May 2024. The remuneration above was paid in respect of his services from that date. This includes a one-off up front gross lump sum of £130,000
to support his relocation to Scotland. The Company will also meet the cost of his travel expenses from Scotland to the south of England for a maximum period of two years. Any sums paid to support
relocation will be subject to claw back provisions in the event that Euan Sutherland is a bad leaver in the first three years. No further relocation support will be provided beyond the support outlined
in this paragraph.
Roger White resigned from the Board on 30 April 2024. The remuneration above was paid in respect of his services until that date.
Jonathan Kemp resigned from the Board on 31 May 2024. The remuneration above was paid in respect of his services until that date.
The value of the AESOP awards is the sum of the AESOP free and matching shares awarded to the directors in the year. Euan Sutherland, Roger White
and Jonathan Kemp received AESOP awards however the value of these was less than £500.
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