Ann: Share Purchase Plan, page-136

Due to covid-19, whether by their words or actions....

SOME EXPLORERS SAID THIS:

• NON-EXECUTIVE DIRECTORS AGREED TO DEFER ALL FEES THEY RECEIVE
• CEO AND COO HAVE AGREED TO REDUCE CASH COMPONENT OF THEIR REMUNERATION BY XX% AND XX% RESPECTIVELY FOR FORESEEABLE FUTURE
• BOARD IS CONSIDERING EQUITY COMPENSATION TO BE GRANTED IN LIEU OF REDUCED SALARIES AND FEES
• WILL ALSO REDUCE SHORT - MEDIUM TERM EXPENDITURE BY POSTPONING LOWER PRIORITY CORPORATE AND FIELD-BASED ACTIVITIES UNTIL 2021

OTHERS SAID THIS:

• NON-EXECUTIVE DIRECTORS NEVER WOULD AND HAVE NOT AGREED TO DEFER ALL FEES THEY RECEIVE BUT RATHER WOULD INCREASE LIKELY
• CEO AND COO NEVER WOULD AND HAVE NOT AGREED TO REDUCE CASH COMPONENT OF THEIR REMUNERATION BY xx% AND xx% RESPECTIVELY FOR FORESEEABLE FUTURE
• BOARD WOULD NEVER AND IS NOT CONSIDERING EQUITY COMPENSATION TO BE GRANTED IN LIEU OF REDUCED SALARIES AND FEES
• WILL ALSO NOT REDUCE SHORT - MEDIUM TERM EXPENDITURE BY POSTPONING LOWER PRIORITY CORPORATE AND FIELD-BASED ACTIVITIES UNTIL 2021
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I know whose cash-in-bank and shares rose sharply.