£634,000 for three IAWS directors

THE three executive directors of agri-business group IAWS: chief executive, Mr Philip Lynch; finance director, Mr David Martin…

THE three executive directors of agri-business group IAWS: chief executive, Mr Philip Lynch; finance director, Mr David Martin; and Mr Rory Toal - received salaries and other emoluments totalling £634,000 last year. This is a 23 per cent increase on the £514,000 they shared the previous year.

In the year to July 1995, IAWS increased its profits by over 26 per cent to £16.2 million while earnings per Share were 17 per cent higher at 10.2p. The group increased its dividend in the year by 10 per cent to 2.657p per share.

At next month's annual general meeting, shareholders will be asked to approve a number of special resolutions, including one empowering the company to buy back its own shares. Another resolution details the price at which such treasury shares can be sold back into the market.