Ann: Change of Director's Interest Notice, page-15

Are you saying the company has told you that management who had salary reductions and reduced hours will also be getting the opportunity to buy shares on market in lieu?


The updated announcement only referred to directors fees.

"The previously disclosed 20% fee reduction for the Board of Directors has been capped at a duration of three months from commencement. The Board has also revised the structure of this arrangement and determined that, rather than take shares in lieu of payment of these fees (subject to shareholder approval), the Directors will now instead be paid the net amount of the three-month 20% fee reduction (after tax), and buy an equivalent value of the after-tax amount in TNG shares on-market subject to the Trading in Company Securities Policy"

https://hotcopper.com.au/threads/ann-quarterly-activities-and-cashflow-report.5510121/#.X6duv2gzbIU