re: Ann: Completion of Strategic Review and C...
... "We have reached a major turning point in the transformation of PaperlinX, and the Board and I have agreed that it is an opportune moment for me to step down as Chief Executive. I will therefore be leaving the Company at the end of July.".... "I have agreed" Why they pay out these people is a joke. Either he resigned and shouldn't get a payout or he was sacked and this press release contains an inappropriate statement.
Hopefully this payout is at the minimum level only and not above the minimum as stated by Toby in relation to other departures earlier this year.
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