Ann: Change of Director's Interest Notice - Hehir, page-21

Antonio said,

And so just for the benefit of people in the room who don't understand the question.
The way this would work is there's a three-year Cliff on these shares, and basically there are booking targets associated with year one, year two and year three. So what happens is we would get all the way to the end of year 3 and we would see if those annual booking targets were met. If those annual booking targets were met at plan, he's going to get less than that. This would only be the issuance if we just absolutely knocked the roof off the booking number and exceeded the target by like 150%. (or maybe 120% below)

If we did that, then that's the maximum payout that he could get. That's how we structured the plan.

And the entire metric is booking across the way over a three-year period.

I propose Resolution Five that for purposes of listing Rule 10.4 and for all other purposes, shareholders approve the grant of 7,545,307 restricted stock units to Sean Hare, Executive Director and Chief Executive Officer under the Company's equity Plan, on the terms and conditions set out in the Explanatory Memorandum.



I couldn't find the Performance Hurdle. I thought $9million was by the end of this year? I couldn't find this amount anywhere apart from AGM transcription.

Nice incentive wasn’t mentioned, just a special bonus...