Blackcap earlier made a good point that Mr Upperton’s payments Johnnycomelately refers to were all pre-tax.
At least Mr Upperton took up a significant amount of his rights, as did other directors especially if they are going to ask shareholder approval to accept more of the shortfall as required by the ASX listing rules.
I also see that Mr Upperton has taken up NZD 32k more in shares than former Managing Director Matthew Hill did in the New Talisman 2019 share purchase plan and loyalty share offer. The NZD 32k of Mr Upperton’s entitlement is also a much bigger proportion of his rights than the NZD 145k amount of the legal settlement that Mr Hill agreed as a proportion of the ridiculous NZD 817k claim Mr Hill made after he resigned as a director in October 2021 and after cancellation of Mr Hill’s management services soon after that.
Of course Mr Hill then promptly sold out of New Talisman in November 2022 to January 2022.
I guess you must be pleased, along with other continuing shareholders, that Mr Hill no longer has anything to do with New Talisman, Johnnycomelately and stockcomment.
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Last edited by Johnycomelately: Yesterday, 11:08 - There are more pages in this discussion • 1 more message in this thread...
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