Flash is wanting 1,163,136 zepo's under the LTI plan.
Bruno wants 568,246
Qualifying period 1/1/2024 to 31/12/2026.
Open pice at 1/1/2024 was 53.5
For both directors 50% of these zepo's will vest if the SP performs better than 49.9% of a pool of ASX listed resource juniors over the 3 year period. (Relative TSR basis).
The other 50% of the zepo's will vest according to this table (Absolute TSR basis). So if the SP rises by 42.5% or more in the 3 year assessment period they will get 50% of their zepo's. So if the SP is 76.25c on 31/12/2026 then they will get 50% of their respective zepo's. How cool is that!
I'm feeling that the first 50% (Relative TSR) will be harder to achieve than the latter 50% (Absolute TSR).
Prolly should also advise their respective remuneration relevant to their zepo calculation.
....as for the STI, I think this extract sums it up.....what management calls "challenging goals", shareholders call it "easy targets with ill-defined measurement paramaters". The STI is calculated on a 12 month basis 1/1/24 to 1/1/25.
Also they are seeking to issue (via potential future placement) an additional 10% of shares, which is over and above the annual 15% placement capacity. SO they are lining up to potentially issue 25% of the number of shares on issue without further approval from shareholders.
- Forums
- ASX - By Stock
- Ann: Notice of Annual General Meeting/Proxy Form
Flash is wanting 1,163,136 zepo's under the LTI plan. Bruno...
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Last updated 15.59pm 11/06/2024 ? |
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