Adcock Ingram Integrated Report 2018

EXECUTIVE DIRECTORS The executive directors are currently regarded as the only prescribed officers of the Group. No fees for services as director, consulting or other fees were paid in the current or prior year and no profit-sharing agreements are in place. Service contracts for executive directors The Company policy is to employ each executive director under a permanent employment contract which is subject to a three-month notice period. Shareholding AG Hall acquired 8 462 shares in the Company, consequent to the exercise of certain equity options in the current year. This has increased to 21 433 shares subsequent to year-end. No shares were held by any executive director in the Company in the prior year. Remuneration Salary Contributions to defined contribution plan Gross remuneration R’000 R’000 R’000 2018 AG Hall 4 767 350 5 117 D Neethling 3 035 350 3 385 B Letsoalo 2 653 414 3 067 10 455 1 114 11 569 2017 AG Hall 4 473 319 4 792 D Neethling 2 751 395 3 146 B Letsoalo (1) 2 136 322 2 458 9 360 1 036 10 396 (1) Appointed 26 August 2016 - therefore only represents charge for 10 months in the prior year. Other During 2018, the executive directors received the following long service awards which are excluded from the table above: 2018 R AG Hall 78 125 D Neethling 50 781 B Letsoalo 49 228 Short-term incentives 2018 2017 R’000 R’000 AG Hall 3 500 3 000 D Neethling 2 500 2 000 B Letsoalo 1 750 1 263 7 750 6 263 Based on the current year’s performance, the executive directors individually qualify for the maximum short-term incentive, following the achievement of the set targets for trading profit, ROFE, HEPS and Transformation. These incentives are fully provided for in the current year although payment will only be made in September 2018. The prior year incentives which were paid in September 2017, relating to the prior year’s performance, were fully provided for at 30 June 2017. ADCOCK INGRAM  Integrated Report 2018 55