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CTI LOGISTICS LIMITED — Board/Management Information 2021
Sep 6, 2021
64663_rns_2021-09-06_99d1e580-65b6-4417-b3eb-e664abab9e68.pdf
Board/Management Information
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7 September 2021
ABN 69 008 778 925
1 Drummond Place West Perth WA 6005
Postal Address PO Box 400 West Perth Western Australia 6872 Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email [email protected] Web www.ctilogistics.com
Company Announcements ASX
Via ASX Online
CTI Logistics Limited – Executive Directors terms of appointment
Following the appointment of executive directors announced on 2 September 2021, CTI Logistics Limited (ASX: CLX) (‘CTI’ or ‘the Company’), is pleased to provide the material terms of the Company’s employment contracts with Mr Matthew Watson, Director, and Mr Owen Venter, Director, for the purposes of ASX Listing Rule 3.16.4.
The material terms of Mr Watson’s employment contract are included below:
| Term of appointment | Mr Watson has been appointed as a Director of CTI commencingfrom 2 September 2021. |
|---|---|
| Remuneration | Fixed remuneration of $260,000 per annum, inclusive of anysalary packaging opportunities, but exclusive of superannuation.The Company will pay superannuation to satisfy the Company’sobligationsundertheCommonwealthGovernment’ssuperannuation legislation. |
| Notice period | Subject to the terms of Mr Watson’s employment agreement, |
| either party may terminate the employment with the NES | |
| prescribed notice period. The Company may terminate the | |
| employment without notice in certain circumstances. |
The material terms of Mr Venter’s employment contract are included below:
| Term of appointment | Mr Venter has been appointed as a Director of CTI commencingfrom 2 September 2021. |
|---|---|
| Remuneration | Fixed remuneration of $260,000 per annum, inclusive of anysalary packaging opportunities, but exclusive of superannuation.The Company will pay superannuation to satisfy the Company’sobligationsundertheCommonwealthGovernment’ssuperannuation legislation. |
| Notice period | Subject to the terms of Mr Venter’s employment agreement, |
| either party may terminate the employment with the NES | |
| prescribed notice period. The Company may terminate the | |
| employment without notice in certain circumstances. |
This announcement was authorised to be given to the ASX by the CTI Logistics Limited board.