Section 430(2B) Companies Act 2006 Statements
Our statements made in accordance with the Companies Act for departing directors
This information sets out the disclosure required by section 430(2B) of the Companies Act 2006 in relation to Andrew Formica stepping down as a Director of the Company.
1. Salary and benefits
2. 2022 Bonus
When Andrew ceases to be employed by the Company, he will be treated as a good leaver under the DBP and LTIP with awards vesting on their normal vesting dates subject to any applicable performance and time prorating terms.
Andrew will remain an employee of the Jupiter Group until 30 June 2023, therefore his existing share awards will continue to vest in line with their original award terms, including, where applicable, performance conditions testing, post vesting holding periods, and malus and clawback.
There are no other remuneration payments in relation to Andrew stepping down as a Director of the Company and the arrangements outlined above are in line with the Directors’ Remuneration Policy.
Further to the RNS announcement on 12 October 2020, Edward Bonham Carter will step down as Vice Chairman and as a Director of Jupiter Fund Management plc (“JFM plc”) with effect from the Company’s 2021 AGM. As required by section 430(2B) of the Companies Act 2006, details of the associated remuneration payments made or to be made to him are detailed below.
1. Salary and benefits
Following stepping down from the Board, Edward will remain an employee of the Jupiter Group and will continue to receive a contractual salary and benefits (including pension provision) in line with those offered to all other employees.
2. 2021 Bonus
Following stepping down from the Board, Edward will remain an employee of the Jupiter Group and will continue to receive a contractual salary and benefits (including pension provision) in line with those offered to all other employees.
3. 2021 LTIP
As previously disclosed in the 2020 Directors Remuneration Report, no LTIP award has been granted to Edward in 2021.
Edward will remain an employee of the Jupiter Group, therefore his existing share awards will continue to vest in line with their original award terms, including, where applicable, performance conditions testing, post vesting holding periods, and malus and clawback.