Ann: Invictus Energy appoints Dr Stuart Lake as Chairman, page-60

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23/08/19

13:20

Post #: 40119181
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Originally posted by onthepunt: ↑

According to the announcement appointing Dr Lake, he has one month to buy his 500k. You would assume this will be announced next week. As far as no response or statement from him, he's been there only 3 weeks. Maybe give him a chance to arrange the office furniture and get to know the tea lady etc.

From the Ann.:

Appendix 1 – Terms of Appointment
Chairman’s Fee 1. Base Director's fee of £50,000 per annum from the Commencement Date
Incentive Securities
1. A total of 9,000,000 options exercisable with various exercise prices, on or before the date that is 3 years from the date of issue on terms otherwise consistent with the Company's existing options (Options). All options will vest after 12 months subject to continuation as Chairman
a) 3,000,000 Opns become exercisable at AUD$0.06 per option, 3-year term; and
b) 3,000,000 Options become exercisable at AUD$0.09 per option, 3-year term; and
c) 3,000,000 Options become exercisable at AUD$0.012 per option, 3-year term

2. 500,000 fully paid ordinary shares in the Company. The shares will have an escrow period of 12 months and will be subject to Dr Lake also purchasing the same number of of shares in the Company on market within the 1st month of appointment.

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The company hasn’t even updated their website yet and have Dr Lake as part of the team - Chairman.

When he got to know the tea lady did she hand out sleep tea and knock them out??

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