17. Approval of an increase in fees payable to Non-Executive Directors To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purpose of rule 7.5(a) of the Company’s Constitution and Listing Rule 10.17, Shareholders approve an increase in the maximum aggregate fixed sum available to be paid to the Non-Executive Directors of the Company from $500,000 per annum (which is the amount last approved at the Company’s Annual General Meeting in 2011) to $750,000 per annum, on the terms and conditions set out in the Explanatory Statement.”
If you DO NOT want the NED's to be paid $750,000 per annum, NOW is your opportunity to vote against it. Don't complain later that they are paid too much.
Log onto Automic or attend the meeting.
AVL Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)