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Anteris Technologies Global Corp. — Board/Management Information 2018
May 22, 2018
33869_rns_2018-05-22_029c83a4-3af3-4d17-acf5-c655d7fea628.pdf
Board/Management Information
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23.05.18
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ASX ANNOUNCEMENT
ASX Market Announcements Australian Securities Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000
APPOINTMENT OF EXECUTIVE DIRECTOR
Admedus Limited (ASX:AHZ) today announces Catherine Costello has been appointed to the Board as interim Executive Director, effective immediately.
Ms Costello also holds the dual positions of Company Secretary and Chief Financial Officer.
Her appointment as Executive Director follows the resignation of Mr Mathew Ratty and fulfils the requirement to have two resident Australian Directors.
The Board has commenced the search for another permanent Australian resident Director to replace Mr Ratty.
Summary of key terms of continued employment:
As outlined in the Remuneration Report (July-December 2017)
Appointment:
The appointment is to the position of Executive Director of Admedus Limited.
Term:
Ongoing, no fixed term. Notice period of six months by either party.
Remuneration:
• Total Fixed Remuneration: Ms Costello will be paid a fixed cash remuneration in the form of a Total Fixed Remuneration (TFR) package (inclusive of superannuation and allowances) subject to annual review. Her TFR is $370,653.
• Short Term Incentive: Ms Costello will be entitled to a potential maximum short-term incentive of 32.25% of her base salary per annum. Payout of any performance bonus is at the discretion of the Board and meeting performance targets and priorities set by the Board in consultation with Ms Costello.
• Long Term Incentive: Ms Costello will be entitled to participate in the Admedus Limited executive long-term incentive scheme in accordance with the rules of the schemes and any applicable Admedus policy. Ms Costello will be entitled to a total long-term incentive grant.
Admedus Limited ABN 35 088 221 078
Customer Service T 1300 550 310 F 1300 880 398 International T: +61 8 9266 0100 F: +61 8 9266 0199
E: [email protected] W: www.admedus.com Brisbane • Minneapolis Zurich • Singapore
Registered Office Level 9 301 Coronation Drive Milton QLD 4064
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ENDS
Admedus Limited ABN 35 088 221 078
Customer Service T 1300 550 310 F 1300 880 398
E: [email protected] W: www.admedus.com
International T: +61 8 9266 0100 F: +61 8 9266 0199
Registered Office Level 9 301 Coronation Drive Milton QLD 4064
Brisbane • Minneapolis Zurich • Singapore