Vodacom Integrated Report 2016

77 / 98

Remuneration tables1
Executive directors
R GP Other2
Short-term
incentive3 Total
2016
MS Aziz Joosub 7 825 000 3 600 13 968 000 21 796 600
IP Dittrich4 1 595 208 6 117 225 – 7 712 433
T Streichert (GBP)5 210 334 41 998 188 743 441 075
T Streichert (ZAR)5 – 1 094 673 – 1 094 673
2015
MS Aziz Joosub 7 212 500 4 800 3 715 700 10 933 000
IP Dittrich4 4 701 000 4 800 1 541 316 6 247 116
Prescribed officers
2016
R Kumalo6 608 333 3 650 800 – 4 259 133
V Jarana 3 912 500 6 180 5 031 480 8 950 160
G Motsa 3 037 500 4 290 – 3 041 790
V Mathur7 (INR) 8 854 981 2 176 076 5 008 369 16 039 426
V Mathur7 (ZAR) – 1 025 657 – 1 025 657
2015
R Kumalo6 3 600 000 4 800 655 620 4 260 420
P Patel (HKD) 2 926 500 2 927 410 1 117 844 6 971 754
P Patel (ZAR) – 1 474 530 – 1 474 530
V Jarana 3 587 500 4 800 1 545 812 5 138 112
Notes:
1. This table includes actual payments for the year and excludes the settlement of long-term incentives and accruals.
2. This includes the Vodacom mobile phone benefit and resignation/termination benefits. For assignees this amount includes the gross value of assignment allowances,
accommodation, medical insurance and education benefits for children.
3. These amounts relate to the bonus payable in June 2016, for the year ended 31 March 2016.
4. Resigned 31 July 2015.
5. Appointed as executive director on 1 August 2015.
6. Resigned 31 May 2015.
7. Appointed 16 November 2015.
Long-term incentives and benefits
Details of the conditional benefits and long-term incentives at 31 March 2016 are disclosed below:
Year
awarded
Number
allocated
Number
settled in
current year
Number
forfeited in
current year
Closing
number
Settled
price
Settle-
ment
date
Settle-
ment
value
Current
unit
value1
Estimated
value
Cur-
rency
MS Aziz Joosub
Conditional benefit – restricted shares
2014 208 610 – – 208 610 – – – 160.53 33 488 163 ZAR
FSP – with company performance conditions2
2014 193 182 – – 193 182 – – – 80.27 15 506 719 ZAR
2015 148 570 – – 148 570 – – – 80.27 11 925 714 ZAR
2016 168 608 – – 168 608 – – – 80.27 13 534 164 ZAR
YeboYethu units
2008 2 628 498 – – 2 628 498 – – – 0.20 525 700 ZAR
2016 876 862 – – 876 862 – – – 0.20 175 372 ZAR
Vodafone co-investment requirements and matching award
In terms of the CEO co-investment requirement, the CEO made the following investments in Vodafone shares:
2014 94 657
2015 95 863
2016 84 360
Vodafone made a matching award of performance shares to the equivalent value. The Vodafone matching award will vest based on actual
target achieved. For 2014 the range is 0% – 300%; 2015: 0% – 250% and 2016 : 0% – 250%. The actual amount vested will be disclosed at
the the time of vesting. For the 2013 matching award 0% of the shares vested.
Notes:
Executives receive dividend payments on the FSP shares held from the award date.
1. For FSP and Vodafone shares with performance conditions, a vesting percentage of 50% is applied.
2. The CEO met his Vodacom co-investment requirement and these shares therefore include the Vodacom matching awards.
Our performance Our business Governance review Administration Overview
73