47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 94
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
Annual bonus
The maximum annual bonus award opportunity for each executive director in respect of the year ended 25 January 2025 was 125% of salary, with 80% of the
bonus assessed against the achievement of Adjusted PBT*, compared against a set of profit targets and 20% based on strategic objectives. The Committee
agreed that the Chief Executive Officer should participate in the bonus for the full year given his arrival shortly after the start of the performance period.
The executive directors earned a total of £1.17m as annual bonus for the year, representing 94.0% of Euan Sutherland’s salary, 94.1% of Stuart Lorimer’s salary,
94.2% of Roger White’s salary*, and 94.7% of Jonathan Kemp’s salary.** 25% of the bonus will be deferred into shares for two years and subject to malus and
clawback provisions, as set out in the current Policy and the Bonus Plan rules.
*
**
Prorated for the period from 29 January 2024 up to and including 30 April 2024, being the period that Roger White was a member of the Board.
Prorated for the period from 29 January 2024 up to and including 31 May 2024, being the period that Jonathan Kemp was a member of the Board.
The target for the annual bonus based on Adjusted PBT* and performance against that target is set out in the table below. 50% of this element of the bonus
could be earned for on-target performance with zero paid for threshold performance and a broadly linear scale through to full payment for performance
at or above the maximum target.
Adjusted PBT*
Threshold target
On target
Maximum target
Actual
Performance
£53.0m
£57.3m
£60.0m
£58.5m
Weighting as
percentage of
total bonus
opportunity
Actual outcome
of total bonus
opportunity
80%
58%
Strategic objectives for the year ended 25 January 2025 account for 20% of the bonus and targets. These were set around the Company’s key areas of
strategic focus at the start of the financial year. Details of the strategic objectives for the year ended 25 January 2025 and the Committee’s determination
of performance against them is set out in the table on the following page.
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