Governance
Financial Statements
Additional Information
Strategic Report
Percentage change in remuneration The table below shows the percentage change in total remuneration for each of the Directors compared to the average remuneration of the employees of the Group. Change from 31/3/23 to 31/3/24 Change from 31/3/22 to 31/3/23 Salary/fees Benefits Bonus Salary/fees Benefits Bonus Michael Morris 15.0% 15.0% (24.8)% 15.0% 16.0% 30.4% Andrew Dewhirst 15.0% 15.0% (24.8)% 15.0% 16.4% 30.4% Lena Wilson 4.5% – – 0.0% – – Mark Batten 4.8% – – 0.0% – – Maria Bentley 4.8% – – 0.0% – – Richard Jones 4.8% – – 0.0% – – Average of all other employees 10.1% 12.5% (15.6)% 8.8% 21.1% (5.9)%
Change from 31/3/21 to 31/3/22
Change from 31/3/20 to 31/3/21
Salary/fees
Benefits
Bonus Salary/fees
Benefits
Bonus
Michael Morris Andrew Dewhirst
15.0% 15.8% (9.4)% 0.0% 0.6% 9.2% 15.0% 16.1% (9.4)% 0.0% 0.8% 3.6%
Lena Wilson Mark Batten Maria Bentley Richard Jones
11.2% 10.5% 16.7% 16.7%
– – – –
– – – –
N/A
N/A
N/A
0.0% 0.0%
– –
– –
N/A
N/A
N/A
Average of all other employees
6.4% 15.0% 13.2% 4.6% 8.1% 20.7%
Statement of voting at the last Annual General Meeting The following table sets out the voting for the Remuneration Report, which was approved by shareholders at the Annual General Meeting held on 7 September 2023, representing 58% of the issued share capital of the Company, and also for the Remuneration Policy, which was approved by shareholders at the Annual General Meeting held on 17 November 2021, representing 63% of the issued share capital of the Company. Remuneration Report Remuneration Policy Votes cast % Votes cast % For 306,662,660 97.0 333,280,593 96.5 Against 9,455,133 3.0 12,044,009 3.5 Votes cast 316,117,793 100.0 345,324,602 100.0 Withheld 2,151,871 304,835 Maria Bentley Chair of the Remuneration Committee 22 May 2024
Picton Property Income Limited / Annual Report 2024
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