I am not an expert on corporate remuneration policies, but at face value, this may be a case of the Board ignoring how shareholders voted to disallow the proposed issue to the MD/CEO Mr Allison.
Yes, great that the SP has increased from what was arguably a depressed level, but why has the Board gone against what SH decided?
What was the point of a vote if subsequently the Board could say 'no, SH were incorrect?'
It's analogous to how Australians rejected PM Albanese's referendum of October 2023, voting instead for a united not a divided Australia, but states like Victoria and South Australia then turn around and start or finalise negotiations for a costly 'treaty'.
I am not an expert on corporate remuneration policies, but at...
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Last
$9.24 |
Change
0.110(1.20%) |
Mkt cap ! $1.460B | |||
| Open | High | Low | Value | Volume |
| $9.13 | $9.24 | $9.07 | $1.891M | 206.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 513 | $9.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.25 | 2132 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ELD (ASX) Chart |