Additional information in respect of the single total figure of remuneration Annual bonus 2020/21 annual bonus (audited)
For the year ended 31 May 2021, the maximum potential bonus opportunity for Adam Palser was 100% of salary. For Tim Kowalski, the maximum potential bonus opportunity was also 100% of salary. For the year ended 31 May 2021, bonuses of 92% and 87% of base salary respectively were payable. The actual bonus awarded to Adam Palser was £413,876 and to Tim Kowalski was £247,071 based on the achievement of the performance conditions set out below. 35% of each payment will be deferred into nominal cost share options for two years, with the remaining 65% paid in cash. The performance measures and targets are set out below. Financial targets – up to 60% of the bonus Performance targets Adam Palser Tim Kowalski
Threshold
£11.5m
Weighting (% of salary)
6%
6%
30 November 2020 Adjusted operating profit less a proforma amortisation charge in respect of certain cloud-based software arrangements * 31 May 2021 Adjusted operating profit less a proforma amortisation charge in respect of certain cloud-based software arrangements *
Maximum
£12.5m
Weighting (% of salary)
30%
30%
Actual
£17.0m
Payout (% of salary)
30%
30%
Threshold
£16.0m
Weighting (% of salary)
6%
6%
Maximum
£19.0m
Weighting (% of salary)
30%
30%
Actual
£19.2m
Payout (% of salary)
30%
30%
Weighting (% of salary)
40%
40%
Strategic targets
The strategic targets were set individually for the Executive Directors based on key strategic objectives for the year in their area of responsibility – see below
Payout (% of salary)
32%
27%
Payout (% of salary)
92%
87%
Total bonus
£413,876
£247,071
Amount paid in cash
£269,019
£160,596
Amount deferred in shares
£144,857
£86,475
* The Directors consider that Adjusted operating profit less a proforma amortisation charge in respect of certain cloud-based software arrangements is comparable to Adjusted operating profit previously reported. See Strategic Report for further details and a reconciliation between Adjusted operating profit of £39.2m and Adjusted operating profit less a proforma amortisation charge in respect of certain cloud-based software arrangements of £36.2m.
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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