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clock Created with Sketch. 20/09/22
12:36
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Originally posted by sabine:
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Critical Resources' Chairman Mr Robert Martin said: “It is a pleasure to welcome Alex to the full time roll as Managing Director. A summary of Mr Cheeseman's employment agreement can be seen in Appendix A. Vesting of Performance Rights as a Non-Executive Director The Company advises that, in accordance with the terms of its Tranche 1 Performance Rights issued to Mr Cheeseman in July 2022 (and as approved by Shareholders in Mary 2022), a total of 2,000,0000 of Mr Cheeseman's tranche 1 performance rights have vested. The performance milestone for the tranche 1 performance rights was achieving a volume weighted average price (VWAP) of the Company's Shares of at least $0.07, calculated over 20 consecutive trading days (20 day VWAP). It is the Company's intention to seek shareholder approval at the upcoming shareholder meeting for the cancellation of all unvested Performance Rights previously issued to Mr Cheeseman at the respective meeting date. This announcement has been approved for release by the Chairmam.
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Yeah, describes Corporate gobble-ddey gook typical Stockbroker HR speak ...
(20min delay)