The table below shows the total remuneration for the Chief Executive over the same ten year period, including share awards valued at the date they vested.
Total remuneration £000
Annual bonus % of maximum 5
Long-term incentives % of maximum 6
Period ended 1,2,3,4
Incumbent
30 September 2025
Mike Maddison Mike Maddison Mike Maddison Adam Palser Adam Palser Adam Palser Adam Palser Adam Palser Adam Palser Brian Tenner Rob Cotton Rob Cotton
1,160
61
20 — — 30 59 40 52 — — — — 20
31 May/30 September 2024
1,081/1,513
80/100
31 May 2023 1 31 May 2023 2 31 May 2022 31 May 2021 31 May 2020 31 May 2019 31 May 2018 3 31 May 2018 4 31 May 2017 31 May 2016
1,005
7.5 — 60 92 23 48 32 32 — 70
26
1,081 1,110
861 679
292 3 257 4
610
1,091
1 M ike Maddison was appointed on 7 July 2022. The amount above is in respect of the period from 7 July 2022 to 31 May 2023. Mike Maddison was not eligible for long-term incentives vesting in 2023 and 2024. However, LTIP awards vested at 30% and 30% in 2023 and 2024 respectively.
2 A dam Palser stepped down from the Board on 17 June 2022. The amount above is in respect of the period from 1 June 2022 to 17 June 2022.
3 A dam Palser was appointed on 1 December 2017. The total remuneration figure above is in respect of the period from 1 December 2017 to 31 May 2018.
4 D uring the year ended 31 May 2018, Brian Tenner acted as Interim Chief Executive Officer for the period 1 June 2017 to 30 November 2017. The total remuneration figure above is the total remuneration received in relation to that six month period. 5 N ote that this shows the annual bonus payments as a percentage of the maximum opportunity. (For 2024, 80% relates to the 12 months to 31 May 2024, and 100% relates to the four months to 30 September 2024. Two figures are shown due to the change in financial year end and the 16 month financial period.)
6 T his shows the LTIP vesting level as a percentage of the maximum opportunity.
Membership and attendance The Remuneration Committee membership consists solely of Non-Executive Directors and comprises Jennifer Duvalier, Julie Chakraverty and Lynn Fordham. The Company Chair, Chief Executive Officer, SVP, Group Finance, Chief People Officer, Director of Reward and Benefits and Company Secretary attend the Remuneration Committee meetings by invitation of the Chair of the Committee from time to time and assist the Committee with its considerations. No Director is involved in setting their personal remuneration. The attendance of individual Committee members at Remuneration Committee meetings is shown within the table on page 65.
Committee effectiveness For the reasons described in the Chair’s Introduction to Governance, no Board or Committee evaluation was carried out during the year.
Further information can be found on page 68
Adviser to the Committee During the year, the Committee received advice on senior executive remuneration from Mercer and was comfortable that the advice was objective and independent. Mercer was appointed via an open tender process. Mercer is a founding member of the Remuneration Consultants Group and is a signatory to its Code of Conduct. The total fee charged in 2024/25 for providing advice in relation to executive remuneration was £75,364 with fees being determined on a time and expenses basis.
Service contracts and letters of appointment The service contracts and letters of appointment of the current Directors include the following terms:
Date of contract
Notice period
Executive Mike Maddison
28 April 2022 30 June 2023
12 months 12 months
Guy Ellis
Non-Executive Chris Stone Julie Chakraverty Jennifer Duvalier
31 March 2017 27 October 2021
3 months 3 months 3 months 3 months 3 months
25 April 2018
Mike Ettling
21 September 2017
Lynn Fordham
19 July 2022
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 91
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