Appreciate that they've now seen fit to elaborate on the structure of the performance rights.
"50% of the granted performance rights are subject to a vesting condition, whereby the Absolute Total Shareholder Return (ATSR) must exceed 25%, measured as the increase in the beginning share price on 30 June 2019 and the ending share price on 31 December 2020. The remaining 50% of the granted performance rights are subject to a vesting condition based on Relative Total Shareholder Return (RTSR), whereby the Company’s total shareholder return must be greater than the total shareholder returns of 70% of the 10 peer group of ASX listed companies selected by the Board (Peer Companies) over the performance period starting 1 July 2019 and ending 31 December 2020. The RTSR performance rights can only vest if the total shareholder return of the Company for the period 1 July 2019 to 31 December 2020 is positive.
Looks like TS is being careful to avoid repeating mistakes of the past (at least the ones that REALLY p****d off share holders) but would still like to hear more about the most recent activities.
PIO Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
