Naspers Group CEO Bob van Dijk received almost R1.9-billion in salary, incentives, and vested share options and shares appreciation rights in the year to March 2019, reports TechCentral, citing a regulatory filing by the Johannesburg Stock Exchange-listed giant company.
The company’s annual report as saying that Van Dijk earned $12.8million (R177,93 million) in total remuneration, Business Report reported, quoting
In addition, more than 290 000 Naspers N share options became vested to Van Dijk with a release value of R955.4-million.
About $56.1-million (R781.1-million at the time of writing) worth of share-appreciation rights (SARs) also vested, for a total of more than R1.7-billion.
Van Dijk was quoted as saying that the company had achieved “a landmark in our transformation – listing and unbundling our Video Entertainment business and completing our evolution into a global consumer internet company.”
Naspers has made several changes to its remuneration policy in 2019, including a minimum shareholding requirement for the CEO of 10 times annual salary, which Van Dijk met in both the 2018 and 2019 financial years.
Naspers chairman Koos Bekker received $575 000 (R8 million) in director’s fees, up from $549 000 in 2018, Moneyweb reported.
