Advertisement
Singapore markets close in 6 hours 24 minutes

  • Straits Times Index

    3,171.78
    -15.88 (-0.50%)
     

  • Nikkei

    36,788.43
    -1,291.27 (-3.39%)
     

  • Hang Seng

    16,160.64
    -225.23 (-1.37%)
     

  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     

  • Bitcoin USD

    60,176.56
    -1,394.51 (-2.26%)
     

  • CMC Crypto 200

    1,246.48
    +360.94 (+37.97%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,421.60
    +23.60 (+0.98%)
     

  • Crude Oil

    85.75
    +3.02 (+3.65%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • FTSE Bursa Malaysia

    1,546.42
    +1.66 (+0.11%)
     

  • Jakarta Composite Index

    7,096.99
    -69.83 (-0.97%)
     

  • PSE Index

    6,490.34
    -32.85 (-0.50%)
     

L&G corrects CEO's stated 2015 pay, adds nearly 1 million pounds

Reuters
The logo of Legal & General insurance company is seen at their office in central London March 17, 2008. REUTERS/Alessia Pierdomenico

By Simon Jessop

LONDON (Reuters) - British insurer Legal & General (LGEN.L) said Chief Executive Nigel Wilson was paid almost 1 million pounds ($1.46 million) more in 2015 than it had previously stated in its annual report.

Not included in the report were the proceeds of a further 291,765 options awarded at a share price of 131.27 pence and which vested on Aug. 24, 2015, at a price of 267.6 pence, it said in a statement.

"These latter options were exercised in January 2016. The single figure of remuneration should have been calculated based on the vesting dates, not the exercise dates."

"The correct 2015 single figure of remuneration for Nigel Wilson should now read 5.497 million pounds rather than 4.716 million pounds as previously stated," it added, bumping his total pay up by 16.5 percent.

(Reporting by Simon Jessop; Editing by Rachel Armstrong)