Vodacom Integrated Report 2018

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74 Vodacom Group Limited Integrated report for the year ended 31 March 2018
Tables of single total figure of
remuneration for FY2018
The following tables have been prepared in accordance with the
provisions of King IV and practice notes and thus include an LTIP
amount, a change from the prior year disclosure and restatement
of prior year amount disclosed, based on previous LTIP awards
where performance vesting metrics were concluded at the end of
the current financial period ended 31 March 2018. The LTIP is
valued at the year-end share price of R153.07 for Vodacom shares
and GBP1.95 for Vodafone shares.
MS Aziz Joosub
2018
R
2017
R
GP 10 450 000 10 000 000
Other 1 4 800 4 800
STI2 12 391 400 10 860 000
LTI3 22 655 850 15 990 647
FSP 11 506 253 7 706 552
FSP match 6 694 364 4 284 880
Vodafone match 4 455 233 3 999 215
Dividends4 4 770 445 4 024 495
Total (pre tax) 50 272 495 40 879 942
Total (post tax)5 27 649 872 22 483 968
T Streichert 2018 2017 Currency
GP 353 320 333 949 GBP
Other1 2 093 752 1 611 892 ZAR
Other1 77 968 67 309 GBP
STIP2 221 818 199 390 GBP
LTIP3 116 589 114 441 GBP
Vodafone shares 116 589 114 441 GBP
Dividends
equivalent shares 20 541 21 125 GBP
Total (pre tax) 790 236 736 214 GBP
Total (pre tax) 2 093 752 1 611 892 ZAR
1. This includes the Vodacom mobile phone benefit. For assignees this amount includes
the gross value of assignment allowances and educational benefits for children paid.
2. These amounts relate to the bonus payable in June 2018, which is derived from
performance for the year ended 31 March 2018.
3. LTIP awards made in July 2015 will vest in July 2018.
4. Dividends are the total of cash receipts during the financial year based on previous
unvested FSP LTIP awards and cash settled in lieu of dividends on Vodafone matching
shares. This does not include dividends receipted on awards where the performance
measurement period has been concluded such as the conditional benefit shares,
co-investment contributions by the employee or matching awards, which have been
settled previously.
5. Post tax values are indicative using a 45% rate of taxation rate being applicable to the
gross amount for the CEO. The CFO, however, is taxed under a different regime, hence
no post tax value is indicated for the CFO.
Payments to non-executive directors
Name
Director
fee
(R)
ARCC
Chairman
(R)
ARCC
member
(R)
RemCo
Chairman
(R)
RemCo
member
(R)
Nomi-
nation
Com-
mittee
member
(R)
Social
and
Ethics
Com-
mittee
Chairman
(R)
Social
and
Ethics
Com-
mittee
member
(R)
Other
com-
mittees
(R)
Total
(R)
2018
PJMoleketi1,2,3,5 1 930 081 – 52 218 – – – 62 661 – 25 000 2 069 960
DHBrown1,2 430 000 321 333 – – 138 333 – – – 50 000 939 666
VBadrinath4 430 000 – – – 138 333 120 000 – – 25 000 713 333
MJoseph4 430 000 – – – – – – – 25 000 455 000
BPMabelane2 430 000 – 181 000 – – – – – 25 000 636 000
SJMacozoma1,2,3,6 380 296 – 128 782 – – – 105 000 – – 614 078
TMMokgosi-Mwantembe1,2 430 000 – – 243 333 – 120 000 – – 25 000 818 333
MPMoyo3,7 686 290 – – – – – – – – 686 290
JWLOtty4 430 000 – – – – – – – 25 000 455 000
MPieters4 430 000 – – – – – – – – 430 000
RAWSchellekens4 430 000 – – – 138 333 120 000 – 120 000 – 808 333
6 436 667 321 333 362 000 243 333 414 999 360 000 167 661 120 000 200 000 8 625 993
Notes:
1. Fees excluding VAT paid from 1 June 2018.
2. Independent non-executive directors received an amount of R2 000 and R3 400 in September 2017, for incidental expenses while travelling to Board meetings held in
Portugal.
3. Fees for a portion of the year.
4. Fees paid to Vodafone and not the individual director.
5. PJ Moleketi appointed as Chairman on 19 July 2017.
6. SJ Macozoma appointed on 19 July 2017.
7. MP Moyo retired on 18 July 2017.
Remuneration report continued