I already said it before but seems it need to be repeated. There going to be no voting on DB's performance rights and hurdles associated with it. This part is up to the Board to decide. The voting will be on how company is going to pay for these rights. Right now according ASX rules, since DB is managing director, company can only pay his rights though two options: 1) Cash 2) Shares which must be purchased on-market (this one as they claim currently their preferred option). If shareholders will vote in favor of resolution 3 company will have third option - paying his rights by issuing brand sparkling new shares thereby diluting value of existing shares. It's all. He will get his rights one way or another regardless of your vote. DB's agreed package of his employment include time based rights and this is separate to LTI. The rest of your reasoning is somewhat valid. Can't argue against stability which DB brought to the company - so far it's steadily underperform, share price wise anyway.
A2M Price at posting:
$4.00 Sentiment: None Disclosure: Held
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