The renumeration report without question needs amending. Directors are paid and take home a salary to perform their tasks, the requirements for the package are standard tasks a director should be doing as part of the job they are already significantly paid for in the form of a salary (with performance rights). $1 is clearly a little greedy and a lazy attempt to acquire more shares at shareholder expense.... this is without question not an appropriate vesting condition. I also am not in favour of blindly giving authority to raise beyond the standard 15% annually that the company is allowed to raise without shareholder approval. 15% of $400m is more than enough to sufficiently meet the needs of the company's demands. Anymore than this should be clearly stated what the funds are needed for and the conditions.
We will most likely be voting 'No' to most of these as it stands for now. Will go over the forms in more details before we do decide.
LRV Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
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)