I believe CEO Thorup was on a very lucrative salary and a 12 month executive contract. As CEO Thorup wrote in his CEO transition note he was prepared to stay until a new CEO was appointed.
We now read on page 11 of the report, he will be leaving before the AGM ( as required?). I hope the company has enough cash to pay him, at least there will be no selling pressure on the shares as he never owned one!!
The board has engaged Allegis Partners as an international search company, although it is not required it would have been appropriate for the Chair, The Honourable Helen Conan to declare that she chairs the Advisory Board of Allegis Partners. The Chair is also the Chair of Supervised Invesments which is a substantial investor in HGL.
But NO DIVIDEND, what is the board saying?
I believe CEO Thorup was on a very lucrative salary and a 12...
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Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $622.6K | 1.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5822 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 66607 | 1 |
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| Last trade - 15.35pm 11/07/2024 (20 minute delay) ? |
| HNG (ASX) Chart |