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Annual Report & Accounts 2015 - REPORT OF THE REMUNERATION COMMITTEE
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in addition, L feldman will receive a cash bonus of £1,979,567 over a period of 2 years 6 months under the same performance conditions. this cash sum is the equivalent of the difference between the exercise price of £4.67 and the issue price of £4.22, applied to the quantity of share options which he was granted. the options are entitled to a dividend equivalent and are exercisable up to ten years from the date of grant. the dividend bonus scheme applicable in 2015 has been cancelled. Karl Diacono Chairman, remuneration Committee 22 april 2016 GVC HOLDINGS PLC ANNUAL REPORT 2015 BUsiness ReVieW 33