Then you get into the details on Page 12 5. RESOLUTIONS 7 TO 10 – ISSUE OF REMUNERATION-SACRIFICE SHARES TO DIRECTORS 5.1 General The Related Parties have agreed to an option to reduce their cash remuneration by up to 100% through the issue of Shares in lieu of cash remuneration. The Company has agreed, subject to obtaining Shareholder approval and the option being exercised by each Related Party, to issue Shares to each of the Related Parties (Remuneration-Sacrifice Shares) pursuant to the Company’s Employee Securities Incentive Plan (Incentive Plan) on the terms and conditions set out below. The purpose of the proposed issue of the Remuneration-Sacrifice Shares is to provide share-based remuneration in lieu of what would otherwise have been cash remuneration due and payable to Directors as salary or fees to preserve the Company’s cash reserves.
AZL Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
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