VUL 3.25% $4.46 vulcan energy resources limited

Ann: Notice of General Meeting/Proxy Form, page-60

  1. 344 Posts.
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    Great to hear, mate. Thanks for updating us. This is terrific stuff from Francis. We're in good hands and have a high level team. A high risk venture, no doubt, but surely we have every chance of success.

    On the remuneration front, the details are in the document:

    (c) the current total remuneration package for each of the Related Parties is
    set out in the table below:
    Related Party Total Remuneration Package
    (FY2021)
    Mr Rezos $160,0001
    Dr Kreuter $188,0002
    Notes:
    1. Comprising directors’ fees of $85,000 and share-based payments of $75,000. If
    the Performance Rights are issued, the total remuneration package will increase
    by $117,520 to $287,520, being the value of the applicable Performance Rights
    as set out in paragraph (f) below expensed over the performance milestone
    period. In addition, under a consultancy agreement for corporate advisory
    services outside Australia, Viaticus Capital, a related party of Mr Rezos receives
    a retainer of $5,000 per month.
    2. Comprising directors’ fees of $188,000. If the Performance Rights are issued, the
    total remuneration package will increase by $615,700 to $803,700, being the
    value of the applicable Performance Rights as set out in paragraph (f) below
    expensed over the performance milestone period.
 
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