I don't think ASX has said the performance share agreement itself is invalid etc, I think the focus from ASX attack is the definition of REVENUE rather than the performance share agreement itself, if my memory is still not too rusty. I remember something keyword like CORE BUSINESS ACTIVITY or something like that. In ASX presented view, some income received by ISX should not counted as part of REVENUE hence the target were not met. If court or auditor or ASIC or whoever can overturn that conclusion/view, then the performance target will still counted as MET and you and all our shareholders will be happy.
OE shareholders gave Explicit approval in 2014 for the process for ISX earning performance shares., page-2
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