I would strongly suggest you reconsider whether voting in favour of all the recommendations is wise.
The performance options to the NED in particular are actually markedly more generous than last years attempt at giving him performance rights which were voted down. In other words the company which supposedly works for its shareholders has not only disregarded the feedback from last year and the voting results, but doubled down on it.
Last year they wanted to give Keith Jones 500k performance rights which required the share price to be 30c (150k), 40c (150k) and 50c (200k) to vest. This year they want to give him options of 2mil at an exercise price of ~12c. So some simple calculations:
Share price 30c- last year he’d have been given $45k worth, this year he’d have (30c - 12c) x 2mil= $360k
Share price 40c- last year 120k, this year- $560k
Share price 50c- last year 250k, this year $760k
Share price $1- last year 500k, this year $1.76 mil
This is clearly a complete slap in the face to the people that voted down the performance rights last year.
I would strongly suggest you reconsider whether voting in favour...
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $133.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.0¢ | $58.39K | 196.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 40089 | 1 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| EGR (ASX) Chart |