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Governance Marks and Spencer Group plc Annual report and financial statements 2013 67
Overview Strategic review Financial review Governance Financial statements and other information
Marks & Spencer Group plc
29 March
2008
28 March
2009
3 April
2010
29 March
2011
2 April
2012
30 March
2013
0
20
40
60
80
100
120
140
FTSE 100 Index Source: Thomson Reuters
Total shareholder return
Performance graph
The graph below illustrates the Company’s performance against the FTSE 100 over the past five years:
What is the shareholding policy for executive directors?
All executive directors are required to hold shares equivalent in
value to a minimum percentage of their salary (200% for the
CEO and 100% for all other executive directors) within a five
year period from their date of appointment. The relevant salary
is at the date of appointment and the market value is measured
at the current date. Holdings in the shares of the Company
including the net value of all unexercised awards under the
Deferred Share Bonus Plan and Restricted Share Plan as at
30 March 2013 are shown below:
% of salary
Time from date
of appointment Target Actual
Marc Bolland 2 / 11 months 200 177
John Dixon 3 / 7 months 100 280
Steve Rowe – / 6 months 100 198
Steven Sharp 7 / 5 months 100 589
Alan Stewart 2 / 5 months 100 72
Laura Wade-Gery 1 / 9 months 100 183
Dilution limits
What is the current dilution of share capital by
employee share plans?
Awards granted under the Company’s Save As You Earn
scheme and the Executive Share Option scheme are met by
the issue of new shares when the options are exercised.
All other share plans are met by market purchase. The
Company monitors the number of shares issued under these
schemes and their impact on dilution limits. The Company’s
usage of shares compared to the dilution limits set by the
Association of British Insurers (ABI) in respect of all share plans
(10% in any rolling ten year period) and executive share plans
(5% in any rolling ten year period) as at 30 March 2013 was
as follows:
All share plans
Executive share plans
Actual
Limit
5.76%
10%
Actual
Limit
0.45%
5%