Pdf
8D
An 8 step Vesuvius methodology to resolve customer, supplier and internal quality issues
ABC
Anti Bribery and Corruption
ABI
Association of British Insurers
AGM
Annual General Meeting
Boiler room
A term for an approach by unscrupulous people trying to buy/sell shares in worthless companies
Capex
Capital expenditure
CE
Chief Executive
CFD
Computational Fluid Dynamics
CFO
Chief Financial Officer
Clifford Chance
A law firm, used for advice to the Remuneration Committee and the Company
Co2
Carbon dioxide
Co2e
Carbon dioxide equivalent
Code of Conduct
The Vesuvius code of conduct emphasising the Group's commitment to legal and ethical behaviour
Company
Vesuvius plc
CRC
UK Government's Carbon Reduction Commitment
DRIP
Dividend reinvestment plan
DSBP
Deferred share bonus plan
DTR
The Disclosure and Transparency Rules of the UK Financial Conduct Authority
EBITDA
Earnings before interest, tax, depreciation and amortisation
EMEA
Europe, Middle East and Africa
EPS
Earnings per share
EU
European Union
FEC
Foundry Executive Committee
Fluxes
A range of powders used alongside refractory products in the enclosed continuous casting process for steel production
FRC
Financial Reporting Council
FRS
Financial reporting standards
FTSE250
Equity index whose constituents are the 101st to 350th largest companies listed on the London Stock Exchange in terms of their market capitalisation
Group
Vesuvius plc and its subsidiary companies
GEC
Group Executive Committee
HR
Human Resources
HSE
Health Safety and the Environment
IAS
International Accounting Standard
IFRS
International Financial Reporting Standards
IP
Intellectual property (for example, patents and trademarks)
IR
Investor Relations
ISO
International Standards Organisation
ISO 14000
Internationally recognised series of standards which specify the requirements for an environment management system
ISO 9001: 2008
Internationally recognised standard which specifies the requirements for a quality management system
KPI
Key performance indicator
LTC
Ladle tube changer
LTI
Lost time injury
LTIFR
Lost time injury frequency rate, a KPI which calculates the number of LTIs per million hours worked
LTIP
Long term incentive plan
Median
The middle number in a sorted list of numbers
NED
Non-executive Director
OEM
Original Equipment Manufacture
OHAS 18001
Occupational Health and Safety Advisory Services requirements for an OHS management system
Ordinary share
An ordinary share of 10p in the capital of the Company
QHSE
Quality Health Safety and the Environment
R&D
Research and development
RCT
Robot casting technology
Safety Breakthorugh
A Vesuvius Safety plan
Scam
To obtain money or other goods from somebody by dishonest means
SIOPA
A safety improvement opportunity with permanent action
Shareholder
Holder of ordinary shares in Vesuvius plc
T3
Total tundish technology system
The Code/UK Code
The UK Corporate Governance code, issued by the Financial Reporting Council in September 2012
Towers; Towers Watson
A third party firm of remuneration consultants used to advise the Remuneration Committee
TSR
Total shareholder return
TurboS
The Vesuvius safety training programme
TurboQ
The Vesuvius quality training programme
UKGAAP
UK Generally Accepted Accounting Principles
WSA
World Steel Association