LOL Of course this is reasonable. Translation: "arms length" =...

LOL
Of course this is reasonable.
Translation: "arms length" = "reacharound"

"The Directors (other than Mr Zomer who has a material personal interest in the
Resolution) consider that Shareholder approval pursuant to Chapter 2E of the
Corporations Act is not required in respect of the grant of Shares because the agreement to issue the Shares, reached as part of the remuneration package for Mr Zomer, is considered reasonable remuneration in the circumstances and was negotiated on an arm’s length basis."

"(f) the purpose of the issue of the Shares is to provide a performance linked
incentive component in the remuneration package for Roby Zomer to
motivate and reward his performance as a Director and to provide cost
effective remuneration to Mr Zomer, enabling the Company to spend a greater proportion of its cash reserves on its operations than it would if alternative cash forms of remuneration were given to Mr Zomer;

(g) the current total remuneration package for Roby Zomer is $365,683, comprising Director’s salary. If the Shares are issued, the total remuneration package of Mr Zomer will increase by $1,120,000 to $1,485,683, being the value of the Shares based on the closing price as at 26 July 2024;"