LCL 9.09% 1.2¢ lcl resources limited

Rember - NEW NED Chris’ remuneration comprises NED fees of...

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    Rember - NEW NED Chris’ remuneration comprises NED fees of $36,000pa and an offer of 23,750,000Performance Rights in two equal tranches under the terms of the Company’s 2023Employee Incentive Securities Plan.

    Tranche A 11,875,000 Performance Rights vest and are convertible to fully paid sharesupon the Company achieving a 20 day VWAP of not less than $0.025 with a term expiringon 30 April 2026.

    Tranche B 11,875,000 Performance Rights vest and are convertible tofully paid shares upon the Company achieving a 20 day VWAP of not less than $0.035 witha term expiring on 30 April 2027.
 
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