Air New Zealand 2016 Annual Report Download - page 59

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57
AIR NEW ZEALAND GROUP
The relevant interests of directors in Air New Zealand’s securities at the date of this Annual Report are summarised in the table below:
Transactions during the year ended 30 June 2016
Shares/ Bonds
sold
Shares / Bonds
purchased
Date of
Transaction
Cost Non-beneficial
Interest
Beneficial Interest
At 30 June 16
Tony Carter 20,000 Shares
50,000 Shares
20 Jun 2016
1 Sep 2015
$42,600
$126,000
177,1891 Shares
30,0001 Bonds
Jan Dawson 20,0002 Shares
50,0002 Bonds
Paul Bingham 5,000 Shares
50,000 Bonds
Rob Jager 24,500 Shares
Linda Jenkinson -
Jonathan Mason 29,0003 Shares
Dame Therese Walsh 25,000 Shares
1. In custody by First NZ Capital for Loughborough Investments Limited.
2. The shares and bonds are owned by the Kinross Trust.
3. The shares are owned by the Trumbull Trust.
Directors’ Remuneration
The directors’ remuneration is paid in the form of directors’ fees. Additional fees are paid to the Chairman and Deputy Chairman and in respect
of work carried out by individual directors on various Board Committees to reflect the additional responsibilities of these positions. The total of
fees to be paid to directors is subject to shareholder approval. Air New Zealand meets directors’ reasonable travel and other costs associated
with Air New Zealand business.
Directors received the following fees and remuneration from Air New Zealand Limited in the year to 30 June 20161:
Director’s Fees Committee Fees Total Fees Value of Travel
Entitlement2
Tony Carter3 (Chairman) 267,000 - 267,000 58,570
Jan Dawson (Deputy Chairman) 103,500 60,000 163,500 26,401
Paul Bingham 90,000 18,750 108,750 45,397
Roger France424,212 5,380 29,592 34,881
Rob Jager 90,000 37,500 127,500 36,448
Linda Jenkinson 90,000 10,000 100,000 22,803
Jonathan Mason 90,000 35,000 125,000 45,166
Dame Therese Walsh515,000 3,333 18,333 -
Total 769,712 169,963 939,675 269,666
1. No employee of the Group received or retains any remuneration or other benefits as a director of any subsidiary company.
2. Includes value of travel benefits for related parties and benefits accrued in prior years availed in current year.
3. GST exclusive.
4. Resigned 8 October 2015.
5. Appointed 1 May 2016.
Directors’ Interests in Air New Zealand Securities