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Ann: Full Year Statutory Accounts 2017, page-21

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gallea

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29/09/17

23:08

Post #: 27565038
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Originally posted by AlCp ↑

Actually his salary is around $400K......he got $142K in bonus from "capital raising".
Interestingly MD is only getting around $70K (instead of $420K) and WS is only getting $90K (instead of $220K) so saving of $541K, but AL is still on $400K, CW still on $250K and JS on $250K........

"Athan Lekkas The Group entered into a consultancy agreement with Dalext Pty Ltd and Mr Lekkas which commenced on 23 March 2016. On 29 June 2016 Mr Lekkas consultancy agreement was varied, appointing him Chairman and Chief Executive Officer with a remuneration package of US$362,000 including board fees.
Mr Lekkas is also entitled to up to US$12,000 per month for expenses that include rent, motor vehicle and health insurance, however none of this entitlement was used in the year ending June 2017. Key performance based payment may also be made under the consultancy agreement. During the financial year Mr Lekkas received a performance based payment of $142,086 in respect of a capital raising. The agreement was for an initial term of 2 years and may be terminated by the Group with 12 months’ notice or by the consultant with 3 months’ notice."

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I took this from page 12 of the report:

Athan Lekkas 642,717

If you convert all the numbers you quoted from US to AUD and add them up, you get AUD $642,717, not bad for a company wrecking ball..

IMHO, I don't think The Wolf of Wall Street comes even close to our Mr Lekkas....

Last edited by gallea: 29/09/17

XPE Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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