Voting, page-21

I voted NO to the remuneration and the STIP and LTIP and Yes for everything else. The capital already raised should be ratified and the 10% placement should be allowed. I also said yes to the board recommendations but thought on that for a while. I don't know enough about those board members.

The problem I have with the STIP and LTIP is that the lay rate of 3000 SBE's per hour is only a little bit more than where they are now. When they mentioned that H1 was getting an upgrade about 4 months ago, that was to get it to 230 blocks per hour. Using a 12 SBE block, that puts it to 2760 SBE's per hour. So I don't see the bar being set high enough on this one. Especially when they have mentioned that the next version Hadrian would do 1000 blocks per hour which would be 12000SBE per hour. So for me, 3 years to get to 3000SBE just isn't a worthy target.
As previously mentioned, I am not happy with the CEO bonus being set on technical achievement. His must be based on commercial achievements. I am not negotiable on that.