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D Neethling
Remuneration
2016
4 months
(1)
R’000
Salary
865
Contributions to defined contribution plan
135
Gross remuneration
1 000
(1)
Appointed 23 February 2016
Short-term incentives
Based on the current year’s performance, D Neethling qualifies for a short-term incentive in the amount of R1 200 000. Full provision has been
made for this amount in the current year although payment will only be effected in September 2016.
Long-term incentives
Details of share options granted in Adcock Ingram are as follows:
Offer date
Offer
price
R
Balance at the
end of the year
Equity
17/06/2014
51,20
60 000
26/08/2015
41,94
90 000
150 000
Phantom
03/01/2011
62,29
14 773
03/01/2012
60,15
19 000
02/01/2013
53,52
31 177
64 950
The following income was recognised in the statement of comprehensive income during the period under review, in terms of IFRS 2
(2)
:
4 months
2016
R’000
Total
140
(2)
The value of options granted is the annual expense in accordance with IFRS 2, and is presented for information purposes only, as it is not regarded as constituting remuneration, given
that the value is neither received by nor accrued to the director.
FIVE
SIX
THREE
ONE
FOUR
TWO
OUR GOVERNANCE
(continued)
| 65
Integrated Report 2016