POW 0.00% 0.8¢ protean energy limited

Fairly sure the board recently took out Indemnity insurance...

  1. 7,263 Posts.
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    Fairly sure the board recently took out Indemnity insurance also. You can read into this how you want.

    INDEMNIFYING OFFICERS
    During the financial year, the Company paid a premium in respect of a policy insuring the Company’s Directors,
    secretaries, executive officers and any related body corporate against a liability incurred as such a director, secretary or
    officer to the extent permitted by the Corporations Act 2001. The policy of insurance prohibits disclosure of the nature
    of the liability and the amount of the premium. The Company has entered into Deeds of Indemnity, Insurance and Access
    with the Company’s Directors, Secretary and Executive Officers.
    The Company has not otherwise, during or since the end of the financial year, except to the extent permitted by law,
    indemnified or agreed to indemnify an officer or auditor of the Company or any of the related body corporates against a
    liability incurred as such an officer or auditor.
 
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