I would like to draw everyone's attention to Resolution 10
RESOLUTION 10 – APPROVAL TO VARY TERMS OF EXISTING PERFORMANCE RIGHTSTo consider and, if thought fit, to pass, with or without amendment, the followingas an ordinary resolution:"That, for the purposes of Listing Rule 6.23.4 and for all other purposes,Shareholders approve the amendment to the terms and conditions of theTranche 3 Performance Rights on the terms and conditions in theExplanatory Memorandum."
So this resolution is asking the shareholders to extend the date of a previously approved resolution on performance rights. Resolution 10 seeks Shareholder approval to extend the date by which theMilestone is required to be satisfied from 30 November 2022 to 31 March 2023,thereby varying the terms of the Performance Rights (Variation).
So we are not going to make the date so rather than forfeiting the bonus like most organisations, we will just extend it so the 5,400,000 shares will be handed over. OMG - is this the quality of the board we are dealing with? Who would come to their shareholders with such a resolution?
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I would like to draw everyone's attention to Resolution...
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