Just wonder how they can do the below while still listed on the asx........
Dilution Limits
The Employee Incentive Scheme contains a 5% dilution
limit, which mirrors the ASIC Class Order 03/184.
However, the exceptions under this Class Order mean
that Molopo is unlikely to ever reach the 5% limit,
due to the majority of its employees being outside of
Australia. As a result, Molopo has also introduced a
10% limit on total unvested equity outstanding under
the Employee Incentive Scheme compared with the
number of shares on issue, with no exceptions to
this limit. This limit reflects market practice in North
America, where the proportion of remuneration which
is paid in equity is significantly higher than is market
practice in Australia.
Board may also morph or grow as well.....
In accordance with Recommendation 3.3, Molopo
seeks to have at least one female director on the Board
by 2014 subject to the particular skills and gaps on
the Board at the relevant time. In relation to senior
management gender diversity, Molopo aims to have
25% female representation at the senior executive
level over the longer term, recognising that there may
be fluctuations at times. The Company also aims for
the proportion of females in Molopo as a whole to be
greater than 30%.
Just wonder how they can do the below while still listed on the...
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