ADY admiralty resources nl.

directors pay, page-2

  1. 25,520 Posts.
    lightbulb Created with Sketch. 7
    It's seems you are in urgent need of a remedial course in reading. Maybe a quick phones call to an Adult Learning Centre would help. In the mean, just for your urgent edification, I would advise that quick perusal of the Annual Report reveals that the Directors' remuneration are clearly set out on pages 27 an 28,as follows:


    Page 27"

    '(1) Mr Zhong will receive a nominal remuneration payment until 31 October 2013. The terms of this employment
    agreement is agreed in principal by the board and awaiting signatures and will commence 1 November 2013.
    (2) Mr Bennison’s total remuneration package is $40,000 pa commencing 1 July 2013 consisting of $20,000 salary
    and 2,000,000 ordinary shares issued at market value. His service agreement has been agreed to in principal by
    the board and is awaiting signatures and the composition of his package will be reviewed annually.
    (3) Mr Karpin’s total remuneration package is $50,000 pa commencing 1 July 2013 consisting of $25,000 salary and
    2,500,000 ordinary shares issued at market value. His service agreement has been agreed to in principal by the
    board and is awaiting signatures and the composition of his package will be reviewed annually.
    (4) Mr Prior was removed as Managing Director however still remains as an employee of the company. The company
    provided Mr Prior 12 months notice in accordance with his service agreement on 31 August 2013.' and

    Page 28:

    '(1) Service Agreements commenced 21 May 2013 and are reviewed annually. Mr Ling’s and Ms Wang’s remuneration
    is nil for the first 12 months of their appointment and reviewed at their anniversary of appointment as Directors.
    (2) Service Agreement for Mr Zhong commenced on 21 May 2013 and is reviewed annually. Mr Zhong’s remuneration
    is nil for the first three months and commencing 1 October 2013 will be $120,000pa plus Superannuation. Mr
    Zhong’s Service Agreement is for a two year period.
    (3) Service Agreement for Mr Bennison commenced on 1 July 2013 and is reviewed annually. Mr Bennison’s
    remuneration is $40,000pa consisting of $20,000 salary and 2,000,000 ordinary shares. Mr Bennison’s Service
    Agreement is for a two year period.'

    A considerable amount of their remuneration is being given in shares rather than salary, a prudent management decision considering the coy's tight financial position. It's a pity the previous management didn't utilise this concept.

    I can't believe someone gave you a star for your post, when you never obviously never bothered to read the annual report. Maybe that person could accompany you to the same Adult Learning Centre!

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $13.14M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
8 3009074 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 295279 2
View Market Depth
Last trade - 16.21pm 08/08/2025 (20 minute delay) ?
ADY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.