AI assistant
ANTEOTECH LTD — Board/Management Information 2013
Nov 6, 2013
64304_rns_2013-11-06_30e85d8a-8945-4f72-8527-70233306fc58.pdf
Board/Management Information
Open in viewerOpens in your device viewer
==> picture [207 x 115] intentionally omitted <==
07 November 2013
Company Announcements Office Australian Stock Exchange Level 6
20 Bridge Street Sydney NSW 2000
UPDATED CEO EMPLOYEMENT CONTRACT
Anteo advises that the Company and Dr Geoff Cumming have agreed the terms of an updated 3 year Employment Agreement. Dr Geoff Cumming’s remuneration package comprises the following:
-
A salary package of $400,000 per annum, plus statutory superannuation, to be reviewed annually;
-
Annual leave of 4 weeks;
-
A short term incentive component consisting of a cash bonus based on achievement of revenue targets as set out by the Company; and
-
As approved at the recent 2013 AGM, a long term incentive component consisting of an option package of 6,000,000 unlisted options with an exercise price of $.12 cents, an expiry date of 4 years from date of issue, and vesting conditions. The long term option package will be reviewed annually to reflect current market conditions.
For More Information Contact:
Dr Geoff Cumming, CEO Anteo Diagnostics Limited Tel: +61 7 3219 0085
Sam Sloane Six Degrees Investor Relations Tel: +61 2 9230 0661
Anteo Diagnostics Limited ABN 78 090 487 273 Unit 4, 26 Brandl Street, Eight Mile Plains Qld 4113 Phone 07 3219 0085 Fax 07 3219 0553 Email [email protected] Web www.anteodx.com