Hyprop Investments Limited Integrated annual report 2017

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Remuneration
report continued
84 Hyprop Investments Limited
Integrated annual report and consolidated financial statements2017
Disclosure of the CUP for executive directors
Shares issued Date issued Vesting date Shares vested
Performance
condition met Vesting price (R)
Pieter Prinsloo
Performance shares 20 153 1/1/2014 1/1/2017 20 153 100% 123,46
Retention shares 8 637 1/1/2014 1/1/2019
Performance shares 21 845 7/1/2014 7/1/2017
Retention shares 9 362 7/1/2014 7/1/2019
Performance shares 15 794 7/1/2015 7/1/2018
Retention shares 6 769 7/1/2015 7/1/2020
Performance shares 16 147 7/1/2016 7/1/2019
Retention shares 6 920 7/1/2016 7/1/2021
Total 105 627 20 153
Laurence Cohen
Performance shares 11 105 1/1/2014 1/1/2017 11 105 100% 123,46
Retention shares 4 759 1/1/2014 1/1/2019
Performance shares 11 769 7/1/2014 7/1/2017
Retention shares 5 044 7/1/2014 7/1/2019
Performance shares 8 509 7/1/2015 7/1/2018
Retention shares 3 647 7/1/2015 7/1/2020
Performance shares 8 699 7/1/2016 7/1/2019
Retention shares 3 729 7/1/2016 7/1/2021
Total 57 261 11 105
Non-executive directors
Our policy is to remunerate non-executive directors competitively for their service. Fees are benchmarked against a peer group of JSE-listed companies.
There are no contractual arrangements to compensate for loss of office.
The remuneration committee reviews non-executive directors’ fees every second year. Recommendations are made to the board, which in turn proposes
fees for approval by shareholders at the AGM. The committee is responsible for providing the necessary information to shareholders to consider the
relevant resolution.
Remuneration for non-executive directors comprises a base fee. Non-executive directors do not receive STIs, nor do they participate in any LTI schemes,
except if they previously held executive office and are entitled to unvested bene ts from this period. Hyprop pays no pension contributions for non-
executive directors.
Non-executive directors’ remuneration
June
2017
R000
June
2016
R000
Independent non-executive 2 652 2 399
Ethan Dube(1) (paid to Vunani Capital Proprietary Limited) 143 334
Lindie Engelbrecht 541 535
Gavin Tipper 636 562
Louis van der Watt (paid to Atterbury Property Holdings Limited)(2) 233
Mike Lewin 364 334
Thabo Mokgatlha 432 401
Stewart Shaw-Taylor(3) 489 420
Nonyameko Mandindi(4) 47
Non-executive 658 1 040
Kevin Ellerine 329 314
Louis Norval 329 306
(1) Resigned from the board on 1 December 2016
(2) Resigned from the board on 4 May 2016
(3) During the year Stewart Shaw-Taylor was reclassified from a non-executive director to an independent non-executive director
(4) Joined the board on 8 May 2017