I got this from VMOTO:
"Service rights have been put in place in consideration of Executive Directors’ below market rate remuneration and significant contributions/achievements in the past few years. It is also designed to preserve cash for the company for further growth and expansion plans."
So reward for previous work and being paid below market rate. Also saves cash that can be used for expansion. Makes sense. Probably could have been better communicated.
Ann: Notice of General Meeting/Proxy Form, page-18
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