AI assistant
VYSARN LIMITED — Remuneration Information 2012
Jul 18, 2012
66029_rns_2012-07-18_fc429bad-4eb8-4a51-b062-5c5e8f811469.pdf
Remuneration Information
Open in viewerOpens in your device viewer
CEO Remuneration Details
ASX Release – 19 July 2012
Further to its announcement of 18 July 2012, MHM Metals Limited is pleased to provide, in accordance with ASX Listing Rule 3.1 and the ASX Corporate Governance Council Principles of Good Corporate Governance and Best Practice Recommendations, the key terms and conditions of the employment contract with its new CEO, Mr Phil Thick.
ASX Codes
MHM, MHMO
Base Salary
$300,000 gross per annum plus superannuation
Bonus
$150,000 bonus based on Key Performance Indicators
Incentive Options
Subject to shareholder approval at the Company’s Annual General Meeting in November 2012, the Company has agreed to grant the following incentive options to Mr Thick:
500,000 unlisted options with an agreed exercise price of $1 and an expiration date of 18 July 2017.
Issued Capital 105.9M Ordinary Shares 22.4M Listed Options
Substantial Shareholders Rogers Southern PL 10% Directors 13% Top Twenty 34%
Directors
Chairman - Basil Conti Managing Director – Phil Thick Executive Director - Ben Mead Executive Director - Simon Wells Executive Director –Frank Rogers
Contact:
PO Box 21 KINGSTON TAS 7051
T: +61 (0)3 6229 9955 F: +61 (0)3 6229 8430 W: www.mhmmetals.com E: [email protected]
ABN: 41 124 212 175
FURTHER INFORMATION:
Rudi Michelson Monsoon Communications +61 (0)3 9620 3333 [email protected]
MHM ASX RELEASE - 18 JULY 2012 MHM Management and Board Changes
Page 1