The 81 million performance shares to be issued equate to $2.7 million atm. I'm amazed Non Execs are participating due as it does not adhere to normal ASX corp. governance standards. They spend $5.0 million on Admin expenses alone.
As per PEN's own coroporate governance statement:
"In determining the fees to be paid, Non-Executive Directors shall not be eligible for inclusion in any Short Term Incentive Plans and shall not be eligible for inclusion in any Company Equity Plans."
Are they not complying with their own Charter?
How many performance shares were issued in the last 12 months?
Makes me 2nd guess about the Nucore withdrawal statement:
"Completion of the placement at the current price levels has not been considered as it would result in excessive
dilution to existing shareholders."
*Excessive dilution*
The 81 million performance shares to be issued equate to $2.7...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |