In response to Golfbravo - who posted this.
“Just read the AGM flyer in the mail and the directors want another $100K a year. With the Share price going nowhere is this justifiable? Surely they should be rewarded on Share price success?”
A little knowledge can be a dangerous thing. He was referring to Resolution 8 on the proxy form issued on 22/9 to be voted by shareholders at the AGM on 29/10:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00990194
If anyone bothered to read the summary on page 3 and the explanation on page 8, you would see that they are asking you to vote on a resolution to increase the maximum aggregate amount paid to non exec directors from $300k to $400k.
That’s not per non exec director - that is the total aggregate amount in Non exec director fees.
This is also to take account of the new non-exec from POSCO joining the board.
Now how many of those people who gave Golfbravo’s post a thumbs up actually read the form properly?
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Mkt cap ! $362.6M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 17.3¢ | $1.913M | 10.64M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4511 | 18.0¢ |
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Price($) | Vol. | No. |
---|---|---|
18.5¢ | 621468 | 11 |
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No. | Vol. | Price($) |
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1 | 4511 | 0.180 |
1 | 133664 | 0.175 |
6 | 450882 | 0.170 |
9 | 387824 | 0.165 |
20 | 1933748 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 544209 | 7 |
0.190 | 345000 | 4 |
0.195 | 320000 | 4 |
0.200 | 525801 | 6 |
0.205 | 126600 | 2 |
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