CGB 0.00% 2.1¢ cann global limited

Ann: Trading Halt, page-86

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  1. 591 Posts.
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    The salaries have already been covered for 2 years.

    Craig Cochran and Gareth Ball for the first two years following settlement. The remuneration for the management contracts will, subject to QBL seeking the appropriate ASX waivers, include quarterly issues of QBL shares (1.25 million for Craig Cochran and 1 million for Gareth Ball) for the first two years following settlement, but with the inclusion of CPI in year 2. Medcan will also agree to pay a performance bonus to these parties (divided pro-rata) of 10% of Medcan’s net profit, less the remuneration already received as salary. QBL has agreed to guarantee these obligations of Medcan for the first two years post settlemen
    Last edited by jonpg55: 31/07/18
 
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