We voted on this 2024 STI compensation arrangement at the last AGM and it was passed. That was the time for discussing it.
However,
1. By my maths - the conversion of the 2024 STI performance rights into TVN shares in May 25 were worth then, and now, a bit over $1m.
2. This didn't involve a cash outlay by the company.
3. In my opinion, this is entirely reasonable given Grant's relatively low base salary and more importantly all the work in creating/funding/structuring a viable fluorite project. This has resulted in an effective doubling the then share price.
I look forward to the SP increasing further over the coming 18 months and Grant exercising his recently announced 2025 STI performance rights. We will again have the opportunity to vote on this at the upcoming 2025 AGM. Looking forward to seeing you all there.
TVN Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
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