Page 120 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
DIRECTORS’ REPORT (continued)
for the year ended 30 June 2020
4. SHARE CAPITAL (continued)
4.5 Share incentive plans
The Group operates two equity-settled share-based compensation plans: (1) a share appreciation rights plan (“SAR”) and
(2) a conditional share plan (“CSP”), under which the entities within the Group receive services from employees as consideration for equity instruments (shares) of Capricorn Group. All grants under the SAR and CSP plans are subject to approval by the Group board remuneration committee (“Remco”). Refer to note 33 to the consolidated annual financial statements and the remuneration report (unaudited) for more information.
The Group also operates a share purchase scheme (note 17 to the consolidated annual financial statements) and the Capricorn Group Employee Share Benefit Trust. The Capricorn Group Employee Share Benefit Trust is intended as an incentive to employees on lower job levels to promote the continued growth of the Group by giving them an opportunity to share in dividends distributed by the company, without beneficial rights to the shares.
4.6 Directors’ interest in company shares
For details of the directors’ holdings in the issued ordinary shares of Capricorn Group, refer to note 40 to the consolidated annual financial statements.
5. SUBSIDIARIES
For details relating to the subsidiaries of Capricorn Group (“the Group”) refer to note 19 to the consolidated annual financial statements.
6. ASSOCIATES
For details relating to the associates of Capricorn Group, refer to note 20 to the consolidated annual financial statements.
7. JOINT ARRANGEMENTS
For details relating to the joint arrangements of Capricorn Group, refer to note 21 to the consolidated annual financial statements.
8. MANAGEMENT BY THIRD PARTY
No business of the company or any part thereof or of a subsidiary has been managed by a third person or a company in which a director has an interest.
9. DIRECTORS AND COMPANY SECRETARY
The Capricorn Group board composition during the year was as follows:
Non-executive
J J Swanepoel
J C Brandt
K B Black
G Nakazibwe-Sekandi
E M Schimming-Chase
D G Fourie
D J Reyneke
H M Gaomab II
G Menetté
E Solomon
Executive
M J Prinsloo
J J Esterhuyse
Group chairman
Nationality
Namibian
Namibian
Namibian
Ugandan
Namibian
Namibian
South African
Namibian
Namibian
South African
South African
South African
Date appointed
1 July 1999
5 September 1996
13 June 2007
30 November 2004
4 March 2013
29 October 2015
19 May 2017
20 August 2018
23 November 2018
1 November 2019
4 March 2013
1 September 2018
Group CEO
Financial director
118