Reunert Management

Management criteria checks 3/4

Reunert's CEO is Alan Dickson, appointed in Oct 2014, has a tenure of 10.08 years. total yearly compensation is ZAR25.25M, comprised of 27.4% salary and 72.6% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth €378.26K. The average tenure of the management team and the board of directors is 11.2 years and 6.6 years respectively.

Key information

Alan Dickson

Chief executive officer

R25.2m

Total compensation

CEO salary percentage	27.4%
CEO tenure	10.1yrs
CEO ownership	0.06%
Management average tenure	11.2yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alan Dickson's remuneration changed compared to Reunert's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	R25m	R7m	R1b
Jun 30 2024	n/a	n/a	R1b
Mar 31 2024	n/a	n/a	R966m
Dec 31 2023	n/a	n/a	R943m
Sep 30 2023	R21m	R6m	R919m
Jun 30 2023	n/a	n/a	R921m
Mar 31 2023	n/a	n/a	R923m
Dec 31 2022	n/a	n/a	R875m
Sep 30 2022	R18m	R6m	R827m
Jun 30 2022	n/a	n/a	R804m
Mar 31 2022	n/a	n/a	R780m
Dec 31 2021	n/a	n/a	R779m
Sep 30 2021	R12m	R6m	R777m
Jun 30 2021	n/a	n/a	R707m
Mar 31 2021	n/a	n/a	R637m
Dec 31 2020	n/a	n/a	R342m
Sep 30 2020	R18m	R6m	R47m
Jun 30 2020	n/a	n/a	R97m
Mar 31 2020	n/a	n/a	R147m
Dec 31 2019	n/a	n/a	R469m
Sep 30 2019	R14m	R5m	R790m
Jun 30 2019	n/a	n/a	R935m
Mar 31 2019	n/a	n/a	R1b
Dec 31 2018	n/a	n/a	R1b
Sep 30 2018	R12m	R5m	R1b

Compensation vs Market: Alan's total compensation ($USD1.39M) is about average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Alan's compensation has increased by more than 20% in the past year.

CEO

Alan Dickson (54 yo)

10.1yrs

Tenure

R25,246,000

Compensation

Mr. Alan Ernest Dickson, BB Sc.Eng (Elec), M.Sc (Eng), MBA, has been the Group Chief Executive Officer at Reunert Limited since October 1, 2014 and served as its Segment Head of Electrical Engineering sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alan Dickson	Group CEO & Executive Director	10.1yrs	R25.25m	0.057% € 378.3k
Nick Thomson	Group CFO & Executive Director	9.4yrs	R17.31m	0.073% € 484.1k
Mohini Moodley	Group Human Capital & Sustainability Executive Director and Executive Director	11.2yrs	R11.44m	0.035% € 232.5k
Graeme Eddey	Segment Head of Reunert ICT	no data	R7.14m	no data
Deon de Kock	Segment CEO of Electrical Engineering & Renewable Energy Cluster	no data	R15.24m	no data
Trevor Raman	CEO of Reutech & Segment CEO of Applied Electronics	3.6yrs	R9.60m	no data
Carina De Klerk	Manager of Communication & Investor Relations	no data	no data	no data
Neil Stopforth	Managing Director of PanSolutions	no data	no data	no data
Martin de Beer	Chief Executive Officer of Reutech Communications	22.8yrs	no data	no data
Carl Kies	Chief Executive Officer of Reutech Radar Systems	14.8yrs	no data	no data
Karen Louw	Group Company Secretary	12.8yrs	no data	no data

11.2yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 6W0's management team is seasoned and experienced (11.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alan Dickson	Group CEO & Executive Director	11yrs	R25.25m	0.057% € 378.3k
Nick Thomson	Group CFO & Executive Director	9.4yrs	R17.31m	0.073% € 484.1k
Mohini Moodley	Group Human Capital & Sustainability Executive Director and Executive Director	9.6yrs	R11.44m	0.035% € 232.5k
Sarita Martin	Independent Non-Executive Director	10.9yrs	R702.00k	no data
John Hulley	Lead Independent Director	6.3yrs	R847.00k	no data
Gavin Dalgleish	Independent Non-Executive Director	1.1yrs	R561.00k	no data
Tina N. Eboka	Independent Non-Executive Director	2.7yrs	R531.00k	no data
Mohamed Husain	Independent Non-Executive Chair of the Board	4yrs	R1.69m	no data
Tasneem Abdool-Samad	Independent Non-Executive Director	10.3yrs	R905.00k	no data
L. Fourie	Independent Non-Executive director	5.1yrs	R924.00k	no data
Mandisa Matshoba-Ramuedzisi	Independent Non-Executive Director	6.6yrs	R783.00k	no data

6.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 6W0's board of directors are considered experienced (6.6 years average tenure).

Reunert Management

Management criteria checks 3/4

Key information

Recent management updates

Reunert Limited Announces Retirement of Nick Thomson as Group Chief Financial Officer, During the Financial Year 2025

Reunert Limited, Annual General Meeting, Feb 22, 2024

Reunert Limited Announces Board Changes

Reunert Limited Appoints Mr. Gavin Dalgleish as Independent Non-Executive Director of the Board with Effect from 1 October 2023

Reunert Limited, Annual General Meeting, Feb 14, 2023

High number of new directors

Recent updates

Reunert Limited Announces Retirement of Nick Thomson as Group Chief Financial Officer, During the Financial Year 2025

Now 21% undervalued

Now 20% undervalued

Public Investment Corporation Limited acquired 2.24% stake in Reunert Limited (JSE:RLO).

Now 21% undervalued

Now 21% undervalued

Upcoming dividend of R0.90 per share

Final dividend of R0.90 announced

Upcoming dividend of R2.49 per share at 5.5% yield

Reunert Limited, Annual General Meeting, Feb 22, 2024

Reunert Limited Announces Board Changes

Full year 2023 earnings released: EPS: R5.78 (vs R5.20 in FY 2022)

Reunert Limited Declares Final Cash Dividend for the Year Ended 30 September 2023, Payable on 29 January 2024

Reunert Limited Appoints Mr. Gavin Dalgleish as Independent Non-Executive Director of the Board with Effect from 1 October 2023

Upcoming dividend of R0.83 per share at 5.3% yield

Reunert Limited Declares Gross Interim Cash Dividend for the Six Months Ended 31 March 2023

First half 2023 earnings released: EPS: R2.59 (vs R1.96 in 1H 2022)

Upcoming dividend of R2.24 per share

Reunert Limited, Annual General Meeting, Feb 14, 2023

Reunert Limited to Report Fiscal Year 2023 Results on Nov 24, 2023

Full year 2022 earnings released: EPS: R5.20 (vs R4.83 in FY 2021)

Reunert Limited (JSE:RLO) acquired 100% of the issued share capital of Etion Create Proprietary Limited from Etion Limited (JSE:ETO).

Reunert Limited (JSE:RLO) acquired 100% of the issued share capital of Etion Create Proprietary Limited from Etion Limited (JSE:ETO).

Investor sentiment improved over the past week

High number of new directors

Upcoming dividend of R0.75 per share

First half 2022 earnings released

Reunert Limited (JSE:RLO), entered into an agreement to acquire 100% of the issued share capital of Etion Create, for R210 million.

Reunert Announces Appointment of Roeloff Jacobus Boëttger an Independent Non-Executive Director from 1 March 2022

Reunert Limited Announces Appointment of Tina Eboka as Independent Non-Executive Director, Effective March 1, 2022

Upcoming dividend of R2.07 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment improved over the past week

Upcoming dividend of R0.70 per share

First half 2021 earnings released: EPS R1.94 (vs R1.72 loss in 1H 2020)

Reunert Limited Declares Final Dividend for the Six Months Ended 31 March 2021, Payable on 28 June 2021

New 90-day high: €2.40

Full year 2020 earnings released: EPS R0.29

Reunert Limited, Annual General Meeting, Mar 26, 2021

Group CEO recently sold €85k worth of stock

Full year 2020 earnings released: EPS R0.29

Old Mutual Limited (JSE:OMU) acquired unknown minority stake in Reunert Limited (JSE:RLO).

New 90-day high: €1.90

Market bids up stock over the past week

Market pulls back on stock over the past week

Reunert Limited Announces Management Changes

New 90-day low: €1.38

New 90-day low - €1.53

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age