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RED MOUNTAIN MINING LIMITED — Remuneration Information 2014
Nov 16, 2014
65719_rns_2014-11-16_1b6f2e57-dabe-4db3-b6fb-530bbc54aeb5.pdf
Remuneration Information
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17 November 2014
ASX ANNOUNCEMENT
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REDUCTION IN NON-EXECUTIVE DIRECTORS’ REMUNERATION
The Board of Red Mountain Mining Limited has resolved to reduce non-executive Directors’ annual cash remuneration by 20%.
Effective 1 December 2014, the Non-Executive Chairman’s annual fee will reduce from $72,000 per annum to $57,600 per annum and non-executive Director fees will reduce from $36,000 per annum to $28,000 per annum.
The Company’s Non-Executive Chairman, Mr Neil Warburton, commented “Following a review of the Company’s total administrative expenditure, the Board decided that a reduction in remuneration for the non-executive Directors was prudent.”
For further information about Red Mountain please visit www.redmm.com.au or contact:
Company Investors Media Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298 026 (+61) 419 217 090 (+61) 8 9226 5668 (+61)8 9226 5668 E : [email protected] E : [email protected]
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ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director
CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]
Michael Wolley Non-Executive Director Shannon Coates Company Secretary