MME 2.86% 6.8¢ moneyme limited

Ann: Change of Director's Interest Notice - Clayton Howes, page-4

  1. 2,859 Posts.
    lightbulb Created with Sketch. 1060
    thanks for posting Dan

    Saw the 11.8m shares and thought wtf, but if I read this correctly (in the notice to the AGM released on 27/10/2023):
    - this is for 2 years (so FY2024 & FY2025) and ~5.9m shares for each period
    - they vest when FY2026 results are presented (so ~Aug2026)

    And at least there are internal cash NPAT targets as well as shareholder targets.

    At the end of the day the shareholder returns are pretty ordinary if you held from $2, but arguably, as a CEO we can't go back in time and the board have to access performance based on the company as it stands at the moment.

    The hope is that the board have some stretch targets on NPAT and strategic initiatives, but I can't see him taking too much risk if below 80% nothing on that side vests......arguably he already has ~51m shares so he would be motivated to increase the value of that more so than most

 
watchlist Created with Sketch. Add MME (ASX) to my watchlist
(20min delay)
Last
6.8¢
Change
-0.002(2.86%)
Mkt cap ! $54.40M
Open High Low Value Volume
7.0¢ 7.0¢ 6.8¢ $4.08K 59.10K

Buyers (Bids)

No. Vol. Price($)
2 59778 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 144374 3
View Market Depth
Last trade - 13.31pm 17/06/2024 (20 minute delay) ?
Last
6.8¢
  Change
-0.002 ( 1.45 %)
Open High Low Volume
7.0¢ 7.0¢ 6.8¢ 31009
Last updated 15.43pm 17/06/2024 ?
MME (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.