gifting performance shares.....

Not to sure what shareholders think of this but it looks like the company is lining the pockets of directors at shareholders expense.

Annoucement 20/5/2011 the Company’s Managing Director/CEO, Mr Troy Hayden was gifted 1,289,483 fully paid shares for what exactly????

1,289,483 Share Rights consisting of:
? 906,123 Performance Rights; and
? 383,360 Retention Rights

On the 20/5/2011 the sp was 90 cents.... So why would performace rights be given to him?? At 90 cents you could hardly call the sp performing....

Prior to being gifted these shares TAP's MD/CEO who should have the most confidence in the company and where it was going only held 72,275 shares. What a disgrace to then be GIFTED over 1 million fully paid shares.

What do the shareholders think of this??

Is the company taking you all for a ride??

Big questions needs to be asked of this board gifting such large amounts to the direcotrs ONTOP of their over paid salaries.....

Disgraceful to see this company take shaeholders for a ride.