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Can someone with a legal background pls clarify what note c)iii)...

  1. george_w19
    4 Posts.
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    10/12/13
    22:50
    Post #: 12683854
    Can someone with a legal background pls clarify what note c)iii) on page 33 of the 2013 annual report means?

    I'll paste it in below:

    "In the event of a change of control Dr Kitto is entitled to 2 years annual salary"

    So if I understand correctly.... if the take-over goes through Paul Kitto gets a payout of:

    $515,740 x 2 = $1,031,480

    $1,031,480

    I sincerely hope I am wrong.

    I might just quit the stock market all together if this is the case.


    AMX Price at posting: 7.5¢ Sentiment: None Disclosure: Not Held
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