Great to see some of the old boys fan club returning to give this EGM their stamp of approval.
Given how close we are to AGM (4 months away), it certainly implies time is not off the essence! IE a deal could be here sooner than expected & valve trial just commenced.
The options are not a complete freebie as most imply, yes the exercise price could have been higher to appease those on the fringes.
1. Long Term incentive removed this year and all future years - page 8
"If Resolution 3 is approved by shareholders, Mr Paterson will not be eligible for the long term incentive of up to 40% of base salary in the current year"2.Options to be vested in 3 tranches - page 15
- Tranche one: 12 months service and closing share price at least 16.8c ($16.8 new world)
- Tranche two: 18 months service and closing share price at least 22.4c ($22.4) aka two bagger T2!
- Tranche three: 24 months service and closing share price at least 33.6c ($33.6) aka three bagger T3!
WP has his eye on the prize and its not the circa AU$1m package with health benefits and 401k contributions... its his stake in AHZ which will make the family fortune!
Voting yes to get this show on the road.
Cheers,
Nathan
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