Ann: LNG Limited extends Meridian LNG Offtake Agreement, page-36

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28/09/18

11:57

Post #: 35906270
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Originally posted by MoneyBags1348 ↑

Siv it's the Non Executive Directors (NED's) that took a 20% cut in their compensation. As for Key Management Personnel (KMP), their Short Term Incentive (STI) compensation was up the following % on their on their base salaries:

CEO - 60% of base salary
COO (Chief Operating Officer) - Up 40% to 35% of base salary
CFO - (Chief Financial Officer) - Up 20% to 30% of base salary
CDO - (Chief Development Officer) - Up 20% to 30% of base salary
Joint Company Secretary - Up 20% to 30% of base salary

All get Long Term Incentive (LTI) Rights of 60% plus 40% retention rights

As far as executive's purchasing shares,

The CEO has to own 5 times his base salary worth
The COO, CFO, CDO and other executive officers all have to own 2.5 times their base pay

Seems to me there might be too many Chiefs and not enough Indians

And none of them seem to be doing too much, after all, Maggy is basically on care and maintenance, which means shooting any alligators that are on site and not getting bitten by the fire ants when they're there shooting the alligators!!!!

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‘
which means shooting any alligators that are on site and not getting bitten by the fire ants when they're there shooting the alligators‘

Is all they seem to be doing at the moment.
I’d give them a deadline by AGM to deliver a BTA otherwise get some management who can.

LNG Price at posting: 72.0¢ Sentiment: Hold Disclosure: Not Held
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