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MAGONTEC LIMITED — Remuneration Information 2024
Feb 28, 2024
65327_rns_2024-02-28_79597b2d-5de1-49a6-a4d2-043ca5517a80.pdf
Remuneration Information
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Suite 1.03, Level 1 46A Macleay St Potts Point NSW 2011 Australia Ph: +61 2 8084 7813
Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney, NSW 2000
29 February 2024
Dear Sir, Madam
LONG-TERM INCENTIVE REMUNERATION PLAN FOR THE MAGONTEC GLOBAL MANAGEMENT GROUP 2020 Shareholder Approved Plan (Per 2023 AGM 11 May 2023)
The Board of Magontec Limited recently approved share price targets (per the table below) in relation to the vesting conditions for the Performance Rights grant covering the three-year LTI period ending 31 December 2026.
LTI Performance Period ending 31 December 2026 Share Price Performance Vesting Targets
| Performance Level | 2023-25 PriceTarget | Proportion of performance |
| rights converting to shares | ||
| Below threshold | < $0.471 | |
| 0% | ||
| Threshold | $0.471 to $0.552 | |
| 25% to 49% | ||
| Target | $0.552 to $0.715 | 50% to 99% |
| Stretch | $0.715+ | |
| 100% | ||
The current set of rules governing the grant can be located at the Magontec Investor Centre Corporate Governance page - https://magontec.com/investor-centre/corporate-governance/.
Yours sincerely
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Dean Taylor Company Secretary Magontec Limited
Dean Taylor, Company Secretary Magontec Limited, has authorised the release of this document to the market on 29 February 2024