So now he wants performance rights...If approved by...

So now he wants performance rights...

If approved by shareholders, each performance right, on vesting, will confer a right to be issued 1 fully paid Ordinary Share in the Company.The number of performance rights granted in connection with each year of service (or part) will be calculated by dividing the amount of $16,500 (or a proportion of that amount) by a price per share being the 5 day VWAP to a date which will be specified in the notice of meeting for shareholder approval.

The way this is priced is all wrong. The lower the VWAP the better it is for him accumulating as it means more rights. Incentive to grow the share price/market cap now not later is what we need here, along with some gamechanging dealmaking skills.

I won’t be voting in favour anyhow as I want him gone as chairman. He can stay on the board, but we need a corporate/pharma go-getter not an academic leading us to and through the next phase.

...I wonder if he’s ever considered dipping his hand into his own pocket and purchasing some shares here on-market...