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4 Nov 2022 15:19
4 November 2022
J D WETHERSPOON PLC
Directorate Change
Further to the announcement of 4th May 2022, the Company confirms that Su Cacioppo retired from her role as Personnel and Legal Director on 7th October 2022.
Su Cacioppo will continue to provide part-time consultancy services to the company for an initial period of 12 months.
As set out in the 2022 Director's Remuneration Report, a discretionary bonus award under the Deferred Bonus Scheme was made to the Company's senior management, including executive directors.
This resulted in a post termination award of 25% of salary to Su Cacioppo on 4th November which totalled £89,595.25 subject to tax and NI deductions.
The award will be made in three equal annual tranches, commencing on the award date of 4th November. The tranches can be taken as a cash award or equivalent value in shares.
Enquiries:
Eddie Gershon Company Spokesman 07956 392234
Notes to editors
1. J D Wetherspoon owns and operates pubs throughout the UK. The company aims to provide customers with good-quality food and drink, served by well-trained and friendly staff, at reasonable prices. The pubs are individually designed, and the company aims to maintain them in excellent condition.
2. Visit our website: www.jdwetherspoon.com
3. This announcement has been prepared solely to provide additional information to the shareholders of J D Wetherspoon, to meet the requirements of the FCA's Disclosure and Transparency Rules. It should not be relied on by any other party, for any other purposes. Forward-looking statements have been made by the directors in good faith, using information available up until the date on which they approved this statement. Forward-looking statements should be regarded with caution, because of the inherent uncertainties in economic trends and business risks.
4. The current financial year comprises 52 trading weeks to 30 July 2023.
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