The short term remuneration (share allocation with a zero exercise price) is based based on a calculation taking into account TSR and the O&G index for similar co.s. What NXS hasn't made clear in "the calculation" - we all know even crap performance can be manipulated to suit.
Our input into that is votes at the AGM. We can also ask NXS the calculation used to derive whether an allocation will be made or not. Of course, it is a double edged sword as management may consider their options if they don't get it. That's something you will need to consider and vote on accordingly. I couldn't blame anyone for a no vote to the resolution.
I wonder if anything will shake before the AGM - ie Crux / Longtom or a settlement with SEDCO (which IMO would be a sensible thing as its one issue that NXS could put behind them rather than it being a dark cloud (amongst other) hanging over the SP.
decisions, page-11
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Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $84.59M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 27.5¢ | $25.44K | 88.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 12840 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |