SOR 2.44% 4.2¢ strategic elements limited

Ann: Notice of Annual General Meeting/Proxy Form, page-13

  1. 19 Posts.
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    From the 2015 Notice of AGM

    The performance hurdles are as follows:
    Performance Hurdle Performance Rights
    12 months continuous employment 750,000 Performance Rights
    24 months continuous employment 750,000 Performance Rights
    Achieve a market cap of $50m (100% growth) 1.5 million Performance Rights
    Achieve a market cap of $60m (140% growth) 1.5 million Performance Rights

    These were voted in at the 2015 AGM. (These were for Howard and Murphy (each))
    Since then they took the company from a 25m m/c to 13.8m m/c (clearly missing the last two performance rights)

    Now the directors wish us to vote in incentives for them to return the company to 20% above the market cap they started with?????




 
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