Executive Pension Scheme and contributes 9% (increased from
7%) of his salary. That pension scheme is a defined benefit
scheme, the accrual rate for which is one fortieth of his
pensionable salary for each year of pensionable service. Mr
Hewgill is eligible for a performance-related bonus, based on
Company performance and, if or when determined by the
Remuneration Committee, individual performance, of up to
100% of annual salary each year.
In respect of 2004 all of his bonus was calculated upon the
Group’s financial performance. Mr Hewgill received a bonus of
£81,000 in respect of 2004 and £31,000 for his 2003 bonus.
During the year the highest paid director was Gareth Rhys
Williams who received £435,648 (2003: £359,033).
For details of the directors’ emoluments and compensation for 2004
with comparatives for 2003, click here.
Information correct at 13/04/05