RWS Annual Report 2022 web - Flipbook - Page 91
Appointment of Rod Day
Appointment of Julie Southern
Rod Day was initially appointed as Deputy Interim CFO
on 10 January 2022, and Interim CFO on 8 April 2022, and
also became an interim member of the Board on this date.
He became Interim Deputy CFO on 3 October 2022, when
Candy Davies was appointed CFO. He was appointed on a
fixed-term contract for a maximum period of 12 months
to allow for the recruitment and integration of a new
permanent CFO and his compensation was based on a
market competitive day rate of £2,000 per day with no
eligibility for an annual bonus or LTIP award.
As per the announcement on 27 July 2022, Julie Southern
was appointed as a Non-Executive Director from this date.
The appointment forms part of the Group's succession
planning, with the intention that Julie takes up the role of
Non-Executive Chairman in October 2023, at which time
Andrew Brode will become a Non-Executive Director.
Her annual fee on commencement, which reflects her
experience and expected time commitment, was set at
£150,000. It is envisaged that her fee from appointment
as Chairman will be commensurate with the fee paid to
Andrew Brode.
DIRECTORS’ INTEREST IN SHARES
The interests of the Directors as at 30 September 2022
(including the interests of their families and related
trusts), all of which were beneficial, in the ordinary shares
of the Company were:
Interests of Directors
in ordinary shares
Ordinary shares of
1 penny
90,174,060
Andrew Brode
-
Julie Southern
75,000
Ian El-Mokadem
5,050
Lara Boro
5,085
Gordon Stuart
164,035
David Clayton
Frances Earl
-
Rod Day
-
The interests of Directors at the year end in options to subscribe for ordinary shares of the Company, together with
details of any options granted during the year, are as follows:
Date of
grant
Ian ElMokadem
LTIP
24.01.22
-
220,791
-
-
220,791
1p
24.01.27
24.01.32
Des Glass
ESOP
13.05.19
113,977
-
-
-
113,977
601p
13.05.24
13.11.24
ESOP
22.01.20
246,188
-
246,188*
-
-
615p
22.01.25
22.01.30
LTIP
22.01.21
121,662
-
121,662*
-
-
1p
22.01.26
22.01.31
* Awards lapsed on cessation in April 2022
1 Oct
2021
Granted
Lapsed
Exercised
30 Sept
2022
Exercise
Price
First date
normally
exercisable
Last date
normally
exercisable
Award
Type
ESOP = Employee Share Option Plan (2019 and 2020 ESOP awards) LTIP = Long Term Incentive Plan Awards
The market price of the Company’s shares at 30 September 2022 was 320 pence and the highest and lowest price in the
year ended 30 September 2022 was 654 and 320 pence respectively.
SHARE AWARDS VESTING/EXERCISED IN THE YEAR
No share awards vested during the year ended 30 September 2022 and no share awards were exercised - i.e., no gains
were made on the exercise of share awards in the year ended 30 September 2022.
Frances Earl
REMUNERATION COMMITTEE CHAIR
14 December 2022
GOVERNANCE REPORT RWS — Annual Report 2022
91
